What is a nominal distribution?

Answer A nominal, normal or Gaussian distribution is a type of probability distribution originally devised (by Carl Friedrich Gauss) to model errors in astronomical observations. It is commonly used by st... Read More »

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What is a nominal value?

In investing, nominal value refers to the fixed value of a security, such as stocks and bonds, according to Investopedia. On the other hand, market values vary all the time. For tangible goods, nom... Read More »

What Are Nominal Damages?

In tort law, there are various forms of damages that can be awarded to the plaintiff depending on the specific facts of the case and the jurisdiction in which the case is made. Among the types of d... Read More »

What is a nominal phrase?

A nominal phrase, also known as a noun phrase, consists of a head noun plus one or more modifiers---words that lend specificity to the noun. Communication becomes much more explicit through the use... Read More »

What Is Real GDP & Nominal GDP?

GDP, which stands for gross domestic product, is one of the most-used and important statistics in determining the strength or weakness of a national economy. It is calculated by adding the value of... Read More »