Hot answers tagged production
Wave is an uncompressed or lossless format, whereas MP3 is compressed or lossy. Technically .wav is just a container format and can hold various types of compressed or uncompressed audio, but typically you'll see it containing LPCM uncompressed audio (the same as on audio CDs). With .wav files, you are essentially getting a raw bitstream representation of ...
The executive summary of Charles' very detailed answer is: Use WAV for recording and editing. Use your audio editor's native file format with references to the WAV files to keep disk space under control use MP3 for distribution. 44.1 and 160kbps is lots, unless your audience has a home stereo that is worth more than their car and ears to match.
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