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What does 'Nominal' mean. Nominal means very small or far below the real value or cost, and in finance, this adjective modifies words such as fee, interest rate and gross domestic product (GDP).What does nominal meaning?
Nominal may refer to one of two definitions. It means very small or far below the real value or cost, and in finance, this adjective modifies words such as fee, or cost.What does nominal mean in math?
Nominal means the notional or minimum significance of a thing. This is different from most things in mathematics. Things in mathematics tend to be literally true, and you can trust them to do the same thing they always do no matter what. But not so with nominalism.What is nominal in research?
A nominal scale, as the name implies, is simply some placing of data into categories, without any order or structure. A physical example of a nominal scale is the terms we use for colours. The underlying spectrum is ordered but the names are nominal. In research activities a YES/NO scale is nominal.