For more context on the public perception of Nixon's statement you should read the source article by Hugo Rossi, who was the first to point this out: http://www.ams.org/notices/199610/page2.pdf …
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Thanks for sharing! Also when I call someone a jerk next time I just write x''', sweet.
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Can any one explain what is x and y in it and what the 3 derivatives
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x would be time. y is the price of any given item. dy/dx would be inflation (price change over time). d2y/dx2 is the rate of change of inflation. d3y/dx3 is the rate of change of the rate of change of inflation. It would be better to use t instead of x to understand it better
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Me: Hah, I guess you'd call that "inflationary jerk" Me 5 wikipedia minutes later: WTF the 4th-6th derivatives are called Snap, Crackle and Pop, engineers are wild
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It depends on the interpretation of the phrasing. It could also be just the 2nd derivative. For instance, note that the phrasing the “rate of inflation” really just means “inflation”. Adding on the word “rate” is redundant but it’s the common phrasing.
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Yes, i too thought that it was just second derivative.
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In the car analogy. We are driving off the cliff, but we began to press accelerator pedal less strongly.
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