Re: [s-d] [s-b] Ministry of Time Bulletin and Consultation

[0x44 <bnomic@xxxxxxxxxxxxxx>]

Mike McGann wrote:
> On Jan 23, 2008 8:26 AM, 0x44 <bnomic@xxxxxxxxxxxxxx> wrote:
>
>   
>> My reasoning:
>> Nothing in the ruleset declares a method of rounding. While bank
>> rounding is the most accurate method of rounding, we aren't doing enough
>> transactions to make it worthwhile. Therefore, it is understandable that
>> the method of rounding defaulted to mathematical rounding. The
>> mathematical round of x.5 is x+1.
>>     
>
> I'm not sure I would call bank rounding the most accurate. Maybe the
> most fair. Banks have an interest in not losing fractions of monetary
> units due to rounding. Fixed precision is used and it could basically
> be integer math with a decimal point placed somewhere
As far as I am aware, bank rounding is the only rounding form which does 
not introduce bias into the system of values. I tend to think that 
biased data is inaccurate data.

-- 
--
0x44;

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