There's a term that I've studied about called 'Fractional/relative change'. Basically, if say:
$$P = x^ay^bz^c$$
then,
$$\log P = a\log x + b\log y + c\log z$$
By differentiation w.r.t $dp$:
$$\frac 1 P = \frac a x \frac {dx}{dp} + \frac b y \frac {dy}{dp} + \frac c z \frac{dz}{dp}$$,
$$\frac {dP} P = a \frac{dx}{x} + b \frac{dy}{y} + c \frac{dz}{z}. $$
If we increase any of the terms from x, y, z by any magnitude of percentage, then this formula should give the percentage change in 'P'.
But, that only works for small changes, not for large ones, Why?
For example:
$KE = (1/2)mv^2$. If the velocity is increased by 2%, what will be the fractional change in K.E?
To find this, shortest method would be to do this (in my opinion):
$$\frac{d(KE)}{KE} = \frac{dm}{m} + 2 \frac{dv}{v}$$ (acc. to fractional change formula).
So, $\frac{d(KE)}{KE} = 0 + 2\times2 = 4 \% $, which is correct.
But, if the same velocity is increased by 10%, then the change in kinetic energy goes up to more than 20%. As the change in velocity gets bigger, the change in K.E gets more than the double of the percentage change. I don't exactly get why does this happen. Even if it's a bigger increase and 'dx' is only used for small changes, it's eventually made up of small fractional changes that adds up to get a big increase. Why doesn't it follow the same pattern at bigger changes?
The relative change value is based on the derivative and assumes the higher order terms are negligible. You can see it with the simpler $y=x^2$. We have $\frac {dy}y=2\frac{dx}x$. This is valid as long as $dx$ is small and neglects the term in $(dx)^2$. As the change in $x$ gets larger, the term in $(dx)^2$ is no longer negligible. The local approximation follows the tangent to the curve, which is not such a good approximation a ways away.