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There are two common rounding rules, round-by-chop and round-to-nearest. The IEEE standard uses round-to-nearest. Round-by-chop: The base-expansion of is truncated after the ()-th digit. This rounding rule is biased because it always moves the result toward zero.
For example, the decimal number 123456789 cannot be exactly represented if only eight decimal digits of precision are available (it would be rounded to one of the two straddling representable values, 12345678 × 10 1 or 12345679 × 10 1), the same applies to non-terminating digits (. 5 to be rounded to either .55555555 or .55555556).
The problem was caused by the index being recalculated thousands of times daily, and always being truncated (rounded down) to 3 decimal places, in such a way that the rounding errors accumulated. Recalculating the index for the same period using rounding to the nearest thousandth rather than truncation corrected the index value from 524.811 up ...
For example, while a fixed-point representation that allocates 8 decimal digits and 2 decimal places can represent the numbers 123456.78, 8765.43, 123.00, and so on, a floating-point representation with 8 decimal digits could also represent 1.2345678, 1234567.8, 0.000012345678, 12345678000000000, and so on.
This alternative definition is significantly more widespread: machine epsilon is the difference between 1 and the next larger floating point number.This definition is used in language constants in Ada, C, C++, Fortran, MATLAB, Mathematica, Octave, Pascal, Python and Rust etc., and defined in textbooks like «Numerical Recipes» by Press et al.
But "unchanged" is not entirely correct, as there may be further digits after the 0. For example, rounded to one decimal place, 2.304 would round to 2.3; it is not unchanged under the traditional rounding scheme, but rather rounded down, thus making five cases for rounding down and five for rounding up.
For example, the smallest positive number that can be represented in binary64 is 2 −1074; contributions to the −1074 figure include the emin value −1022 and all but one of the 53 significand bits (2 −1022 − (53 − 1) = 2 −1074).
Only a few libraries compute them within 0.5 ulp, this problem being complex due to the Table-maker's dilemma. [5] Since the 2010s, advances in floating-point mathematics have allowed correctly rounded functions to be almost as fast in average as these earlier, less accurate functions. A correctly rounded function would also be fully reproducible.