Friday, October 22, 2010
Which version of Modified Dietz is better?
and here's what they use:
In reality they will provide the same result so it really shouldn't matter which we use, right? In fact, I was first introduced to the second formula way back in the 1980s. I prefer the first version because I think it's more intuitive. What are we doing in the second? Does it make sense? Can you explain it?
I have reflected on the first form quite a bit and think its meaning is clear: