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sir, i had a question regarding to learning curve formula, it is not mentioned in Life cycle accounting anyways, my question was what is it used for and b= index of learning( Log LR/ Log 2) what does index of learning means and Log LR( what does it meant for) on my and Log 2 as well.
for example if learning rate is 90% how do i find the index of learning please it have been troubling me for long, do explain sir, looking forward for your answer, and in which situations can i use this?looking forward for your earliest reply soon.
Index of learning means the same as the learning rate – you simply express it as a decimal. (So for 90% you use 0.9 as LR in fur formula).
In the exam, whenever learning curves have been asked, you have always been given a value for b. It is very unlikely that you would ever be asked to calculate it.
For me to explain logs would be wasting both your time and mine. There is nowhere else in the whole of the ACCA exams where you are expected to calculate logs (and you should have heard of them at school). Again, you have never needed to use them in Paper F5 (because you have always been given a value for b) and it is unlikely that you ever will. Assuming that you have a calculator with a log button then it is not a problem anyway.
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