In 1870 Charles Renard proposed a set of preferred numbers.[2] His system was adopted in 1952 as international standard ISO 3.[3] Renard's system divides the interval from 1 to 10 into 5, 10, 20, or 40 steps, leading to the R5, R10, R20 and R40 scales, respectively. The factor between two consecutive numbers in a Renard series is approximately constant (before rounding), namely the 5th, 10th, 20th, or 40th root of 10 (approximately 1.58, 1.26, 1.12, and 1.06, respectively), which leads to a geometric sequence. This way, the maximum relative error is minimized if an arbitrary number is replaced by the nearest Renard number multiplied by the appropriate power of 10.
what's relative error?
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The approximation error in some data is the discrepancy between an exact value and some approximation to it.