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decimal vs double! - Which one should I use and when?
I'm using double type for price in my trading software.
I've noticed that sometimes there are a odd errors.
They occur if price contains 4 digits after "dot", like 2.1234.
When I sent from my program "2.1234" on the market order appears at the price of "2.1235".
I don't use decimal because I don't need "extreme" precision. I don't need to distinguish for examle "2.00000000003" from "2.00000000002". I need maximum 6 digits after a dot.
The question is - where is the line? When to use decimal?
Should I use decimal for any finansical operations? Even if I need just one digit after the dot? (1.1 1.2 etc.)
I know decimal is pretty slow so I would prefer to use double unless decimal is absolutely required.
Use decimal whenever you're dealing with quantities that you want to (and can) be represented exactly in base-10. That includes monetary values, because you want 2.1234 to be represented exactly as 2.1234.
Use double when you don't need an exact representation in base-10. This is usually good for handling measurements, because those are already approximations, not exact quantities.
Of course, if having or not an exact representation in base-10 is not important to you, other factors come into consideration, which may or may not matter depending on the specific situation:
double has a larger range (it can handle very large and very small magnitudes);
decimal has more precision (has more significant digits);
you may need to use double to interact with some older APIs that are not aware of decimal;
double is faster than decimal;
decimal has a larger memory footprint;
When accuracy is needed and important, use decimal.
When accuracy is not that important, then you can use double.
In your case, you should be using decimal, as its financial matter.
For financial operation I always use the decimal type
Use decimal it's built for representing powers of 10 well (i.e. prices).
Decimal is the way to go when dealing with prices.
If it's financial software you should probably use decimal. This wiki article summarises quite nicely.
A simple response is in this example:
decimal d = 0.3M+0.3M+0.3M;
bool ret = d == 0.9M; // true
double db = 0.3 + 0.3 + 0.3;
bool dret = db == 0.9; // false
the test with the double fails since 0.3 in its binary representation ( base 2 ) is periodic, so you loose precision the decimal is represented by BCD, so base 10, and you did not loose significant digit unexpectedly. The Decimal are unfortunately dramattically slower than double. Usually we use decimal for financial calculation, where any digit has to be considered to avoid tolerance, double/float for engineering.
Double is meant as a generic floating-point data type, decimal is specifically meant for money and financial domains. Even though double usually works just fine decimal might prevent problems in some cases (e.g. rounding errors when you get to values in the billions)
There is an Explantion of it on MSDN
As soon as you start to do calculations on doubles you may get unexpected rounding problems because a double uses a binary representation of the number while the decimal uses a decimal representation preserving the decimal digits. That is probably what you are experiencing. If you only serialize and deserialize doubles to text or database without doing any rounding you will actually not loose any precision.
However, decimals are much more suited for representing monetary values where you are concerned about the decimal digits (and not the binary digits that a double uses internally). But if you need to do complex calculations (e.g. integrals as used by actuary computations) you will have to convert the decimal to double before doing the calculation negating the advantages of using decimals.
A decimal also "remembers" how many digits it has, e.g. even though decimal 1.230 is equal to 1.23 the first is still aware of the trailing zero and can display it if formatted as text.
If you always know the maximum amount of decimals you are going to have (digits after the point). Then the best practice is to use fixed point notation. That will give you an exact result while still working very fast.
The simplest manner in which to use fixed point is to simply store the number in an int of thousand parts. For example if the price always have 2 decimals you would be saving the amount of cents ($12.45 is stored in an int with value 1245 which thus would represent 1245 cents). With four decimals you would be storing pieces of ten-thousands (12.3456 would be stored in an int with value 123456 representing 123456 ten-thousandths) etc etc.
The disadvantage of this is that you would sometimes need a conversion if for example you are multiplying two values together (0.1 * 0.1 = 0.01 while 1 * 1 = 1, the unit has changed from tenths to hundredths). And if you are going to use some other mathematical functions you also has to take things like this into consideration.
On the other hand if the amount of decimals vary a lot using fixed point is a bad idea. And if high-precision floating point calculations are needed the decimal datatype was constructed for exactly that purpose.
Related
Let me start right off by saying this isn't a question about decimal precision tolerance comparision! This is more of an issue of the inherent representation of large doubles in that after a certain range the computer starts losing significat presicion and not on the decimal side. E.g.
double d1 = 1e20+8000;
double d2 = 1e20;
Debug.WriteLine(d1 == d2);
Now this yields true which for me is very unacceptable. Converting to decimal at this point in the project is out of the question. Is there a way to mitigate this for example computing somehow that at ^20 the computer represents numbers ^20 +- 8000 the same? The tolerance seems to be 8000 for this exponent going above it triggers correct comparison but I need exact comparison up to the decimal point, beyond that i don't care for large numbers.
Now this yields true which for me is very unacceptable.
Then you should use a data type that does what you want. You should never use floating point precision numbers when you expect accuracy. decimal is what you should use.
Changing data types is your only option that works on the long term. If you don't want to go there, there is no option that would not need a significant amount of work on checking the calculations made.
I'm using the decimal data type throughout my project in the belief that it would give me the most accurate results. However, I've come across a situation where rounding errors are creeping in and it appears I'd be better off using doubles.
I have this calculation:
decimal tempDecimal = 15M / 78M;
decimal resultDecimal = tempDecimal * 13M;
Here resultDecimal is 2.4999999999999999 when the correct answer for 13*15/78 is 2.5. It seems this is because tempDecimal (the result of 15/78) is a recurring decimal value.
I am subsequently rounding this result to zero decimal places (away from zero) which I was expecting to be 3 in this case but actually becomes 2.
If I use doubles instead:
double tempDouble = 15D / 78D;
double resultDouble = tempDouble * 13D;
Then I get 2.5 in resultDouble which is the answer I'm looking for.
From this example it feels like I'm better of using doubles or floats even though they are lower precision. I'm assuming I manage to get the incorrect result of 2.4999999999999999 simply because a decimal can store a result to that number of decimal places whereas the double rounds it off.
Should I use doubles instead?
EDIT: This calculation is being used in financial software to decide how many contracts are allocated to different portfolios so deciding between 2 or 3 is important. I am more concerned with the correct calculation than with speed.
Strange thing is, if you write it all on one line it results in 2.5.
If precision is cruical (financial calculations) you should definately use decimal. You can print a rounded decimal using Math.Round(myDecimalValue, signesAfterDecimalPoint) or String.Format("{0:0.00}", myDecimalValue), but make the calculations with the exact number. Otherwise double will be just fine.
I have the following code which I can't change...
public static decimal Convert(decimal value, Measurement currentMeasurement, Measurement targetMeasurement, bool roundResult = true)
{
double result = Convert(System.Convert.ToDouble(value), currentMeasurement, targetMeasurement, roundResult);
return System.Convert.ToDecimal(result);
}
now result is returned as -23.333333333333336 but once the conversion to a decimal takes place it becomes -23.3333333333333M.
I thought decimals could hold bigger values and were hence more accurate so how am I losing data going from double to decimal?
This is by design. Quoting from the documentation of Convert.ToDecimal:
The Decimal value returned by this method contains a maximum of
15 significant digits. If the value parameter contains more than 15
significant digits, it is rounded using rounding to nearest. The
following example illustrates how the Convert.ToDecimal(Double) method
uses rounding to nearest to return a Decimal value with 15
significant digits.
Console.WriteLine(Convert.ToDecimal(123456789012345500.12D)); // Displays 123456789012346000
Console.WriteLine(Convert.ToDecimal(123456789012346500.12D)); // Displays 123456789012346000
Console.WriteLine(Convert.ToDecimal(10030.12345678905D)); // Displays 10030.123456789
Console.WriteLine(Convert.ToDecimal(10030.12345678915D)); // Displays 10030.1234567892
The reason for this is mostly that double can only guarantee 15 decimal digits of precision, anyway. Everything that's displayed after them (converted to a string it's 17 digits because that's what double uses internally and because that's the number you might need to exactly reconstruct every possible double value from a string) is not guaranteed to be part of the exact value being represented. So Convert takes the only sensible route and rounds them away. After all, if you have a type that can represent decimal values exactly, you wouldn't want to start with digits that are inaccurate.
So you're not losing data, per se. In fact, you're only losing garbage. Garbage you thought of being data.
EDIT: To clarify my point from the comments: Conversions between different numeric data types may incur a loss of precision. This is especially the case between double and decimal because both types are capable of representing values the other type cannot represent. Furthermore, both double and decimal have fairly specific use cases they're intended for, which is also evident from the documentation (emphasis mine):
The Double value type represents a double-precision 64-bit number with
values ranging from negative 1.79769313486232e308 to positive
1.79769313486232e308, as well as positive or negative zero, PositiveInfinity, NegativeInfinity, and not a number (NaN). It is
intended to represent values that are extremely large (such as
distances between planets or galaxies) or extremely small (the
molecular mass of a substance in kilograms) and that often are
imprecise (such as the distance from earth to another solar system).
The Double type complies with the IEC 60559:1989 (IEEE 754) standard
for binary floating-point arithmetic.
The Decimal value type represents decimal numbers ranging from
positive 79,228,162,514,264,337,593,543,950,335 to negative
79,228,162,514,264,337,593,543,950,335. The Decimal value type is
appropriate for financial calculations that require large numbers of
significant integral and fractional digits and no round-off errors.
The Decimal type does not eliminate the need for rounding. Rather, it
minimizes errors due to rounding.
This basically means that for quantities that will not grow unreasonably large and you need an accurate decimal representation, you should use decimal (sounds fairly obvious when written that way). In practice this most often means financial calculations, as the documentation already states.
On the other hand, in the vast majority of other cases, double is the right way to go and usually does not hurt as a default choice (languages like Lua and JavaScript get away just fine with double being the only numeric data type).
In your specific case, since you mentioned in the comments that those are temperature readings, it is very, very, very simple: Just use double throughout. You have temperature readings. Wikipedia suggests that highly-specialized thermometers reach around 10−3 °C precision. Which basically means that the differences in value of around 10−13 (!) you are worried about here are simply irrelevant. Your thermometer gives you (let's be generous) five accurate digits here and you worry about the ten digits of random garbage that come after that. Just don't.
I'm sure a physicist or other scientist might be able to chime in here with proper handling of measurements and their precision, but we were taught in school that it's utter bullshit to even give values more precise than the measurements are. And calculations potentially affect (and reduce) that precision.
In the example below the number 12345678.9 loses accuracy when it's converted to a string as it becomes 1.234568E+07. I just need a way to preserve the accuracy for large floating point numbers. Thanks.
Single sin1 = 12345678.9F;
String str1 = sin1.ToString();
Console.WriteLine(str1); // displays 1.234568E+07
If you want to preserve decimal numbers, you should use System.Decimal. It's as simple as that. System.Single is worse than System.Double in that as per the documentation:
By default, a Single value contains only 7 decimal digits of precision, although a maximum of 9 digits is maintained internally.
You haven't just lost information when you've converted it to a string - you've lost information in the very first line. That's not just because you're using float instead of double - it's because you're using a floating binary point number.
The decimal number 0.1 can't be represented accurately in a binary floating point system no matter how big you make the type...
See my articles on floating binary point and floating decimal point for more information. Of course, it's possible that you should be using double or even float and just not caring about the loss of precision - it depends on what you're trying to represent. But if you really do care about preserving decimal digits, then use a decimal-based type.
You can't. Simple as that. In memory your number is 12345679. Try the code below.
Single sin1 = 12345678.9F;
String str1 = sin1.ToString("r"); // Shows "all" the number
Console.WriteLine(sin1 == 12345679); // true
Console.WriteLine(str1); // displays 12345679
Technically r means (quoting from MSDN) round-trip: Result: A string that can round-trip to an identical number. so in reality it isn't showing all the decimals. It's only showing all the decimals needed to distinguish it from other possible values of Single. If you want to show all the decimals use F20.
If you want more precision use double or better use decimal. float has the precision that it has. As we say in Italy "Non puoi spremere sangue da una rapa" (You can't squeeze blood from a turnip)
You could also write an IFormatProvider for your purpose - but the precision doesn't get any better unless you use a different type.
this article may help - http://www.csharp-examples.net/string-format-double/
So, we know that fractions such as 0.1, cannot be accurately represented in binary base, which cause precise problems (such as mentioned here: Formatting doubles for output in C#).
And we know we have the decimal type for a decimal representation of numbers... but the problem is, a lot of Math methods, do not supporting decimal type, so we have convert them to double, which ruins the number again.
so what should we do?
Oh, what should we do about the fact that most decimal fractions cannot be represented in binary? or for that matter, that binary fractions cannot be represented in Decimal ?
or, even, that an infinity (in fact, a non-countable infinity) of real numbers in all bases cannot be accurately represented in any computerized system??
nothing! To recall an old cliche, You can get close enough for government work... In fact, you can get close enough for any work... There is no limit to the degree of accuracy the computer can generate, it just cannot be infinite, (which is what would be required for a number representation scheme to be able to represent every possible real number)
You see, for every number representation scheme you can design, in any computer, it can only represent a finite number of distinct different real numbers with 100.00 % accuracy. And between each adjacent pair of those numbers (those that can be represented with 100% accuracy), there will always be an infinity of other numbers that it cannot represent with 100% accuracy.
so what should we do?
We just keep on breathing. It really isn't a structural problem. We have a limited precision but usually more than enough. You just have to remember to format/round when presenting the numbers.
The problem in the following snippet is with the WriteLine(), not in the calculation(s):
double x = 6.9 - 10 * 0.69;
Console.WriteLine("x = {0}", x);
If you have a specific problem, th post it. There usually are ways to prevent loss of precision. If you really need >= 30 decimal digits, you need a special library.
Keep in mind that the precision you need, and the rounding rules required, will depend on your problem domain.
If you are writing software to control a nuclear reactor, or to model the first billionth of a second of the universe after the big bang (my friend actually did that), you will need much higher precision than if you are calculating sales tax (something I do for a living).
In the finance world, for example, there will be specific requirements on precision either implicitly or explicitly. Some US taxing jurisdictions specify tax rates to 5 digits after the decimal place. Your rounding scheme needs to allow for that much precision. When much of Western Europe converted to the Euro, there was a very specific approach to rounding that was written into law. During that transition period, it was essential to round exactly as required.
Know the rules of your domain, and test that your rounding scheme satisfies those rules.
I think everyone implying:
Inverting a sparse matrix? "There's an app for that", etc, etc
Numerical computation is one well-flogged horse. If you have a problem, it was probably put to pasture before 1970 or even much earlier, carried forward library by library or snippet by snippet into the future.
you could shift the decimal point so that the numbers are whole, then do 64 bit integer arithmetic, then shift it back. Then you would only have to worry about overflow problems.
And we know we have the decimal type
for a decimal representation of
numbers... but the problem is, a lot
of Math methods, do not supporting
decimal type, so we have convert them
to double, which ruins the number
again.
Several of the Math methods do support decimal: Abs, Ceiling, Floor, Max, Min, Round, Sign, and Truncate. What these functions have in common is that they return exact results. This is consistent with the purpose of decimal: To do exact arithmetic with base-10 numbers.
The trig and Exp/Log/Pow functions return approximate answers, so what would be the point of having overloads for an "exact" arithmetic type?