It is known that one can compute exactly the determinant of an $n\times n$ matrix in determinstic $\log^2(n)$ space. What would be the complexity implications of approximating the determinant of a real matrix, of norm at most $1$ ($\left\|A\right\|\leq 1$) in randomized logarithmic space, up to say, a $1/\text{poly}$ accuracy?
In this respect, what would be the "correct" approximation to ask for - multiplicative or additive? (see one of the answers below).