Relativistic speed
Relativistic speed refers to speed at which relativistic effects become significant to the desired accuracy of measurement of the phenomenon being observed. Relativistic effects are those discrepancies between values calculated by models considering and not considering relativity. Related words are velocity, rapidity, and celerity which is proper velocity. Speed is a scalar, being the magnitude of the velocity vector which in relativity is the four-velocity and in three-dimension Euclidean space a three-velocity. Speed is empirically measured as average speed, although current devices in common use can estimate speed over very small intervals and closely approximate instantaneous speed. Non-relativistic discrepancies include cosine error which occurs in speed detection devices when only one scalar component of the three-velocity is measured and the Doppler effect which may affect observations of wavelength and frequency.Relativistic effects are highly non-linear and for everyday purposes are insignificant because the Newtonian model closely approximates the relativity model. In special relativity the Lorentz factor is a measure of time dilation, length contraction and relativistic mass increase of a moving object.
Velocity
The above equations are valid for both Newtonian mechanics and special relativity. Where Newtonian mechanics and special relativity differ is in how different observers would describe the same situation. In particular, in Newtonian mechanics, all observers agree on the value of t and the transformation rules for position create a situation in which all non-accelerating observers would describe the acceleration of an object with the same values. Neither is true for special relativity. In other words, only relative velocity can be calculated.