I wish I could contribute more to this thread. The dentist had sooth pullout today un eye can hardly talk. Anyway, here goos.
Digital speech compression has fascinated me for years, long before the MP3 method became popular. For years the telephone company has used digital compression to reduce the bandwidth required on their long distance systems. Thus they could carry more conversations without expanding their equipment.
The modern MP3 format serves a similar purpose. Moderate compression in the MP3 format sounds good even on music. More intense compression tends to make this sound rather rough and produces many artifacts. An artifact is a strange sound that is not directly connected to the original sound in the musical or harmonic sense that our years are accustomed to.
Here is a very good book that you can read. Well, you can read the first few pages, which is enough to let you know that MP3 is much more sophisticated than the WA V.
The cancel below is recommended reading.
Understanding MP3: syntax, semantics, mathematics, and algorithms - Google Books Result