Question
If Dow Jones closes at 20,093.78 in Jan. and in Nov. if closes at 23,590.83, what is the absolute change between the closing figures and what is the relative change between the closing figures?
Answers
Steve
absolute: just subtract one from the other
relative: divide that difference by the starting value (and express as a percent)
relative: divide that difference by the starting value (and express as a percent)
JT
my first answer is 3497.05. found to the hundredths of a point is 3500. correct?