This discussion illustrates the principal known as interpolation by first differences. In general, then, by Taylor's Series, we have the approximate formula
(H)
If the constant , this formula asserts that the ratio of the increments of function and variable for all values of the latter differing little from the fixed value a is constant.
Care must however be observed in applying (H). For while the absolute error made in using it in a given case may be small, the percentage of error may be so large that the results are
worthless.
Then interpolation by second differences is necessary. Here we use one more term in Taylor's Series, giving the approximate formula