The consolidated federal and provincial fiscal operations data for fiscal year 2024-25 assumes nominal Gross Domestic Product (GDP) at 124,150 million rupees (defined as total market value of ...

Both nominal and real GDP play important roles in economic analysis, but real GDP is generally regarded as a better measure of economic growth. By accounting for inflation, real GDP provides a clearer ...

While mean and median are not applicable to nominal data due to its non-numeric and unordered nature, the mode is a meaningful measure.

Key Points Non-parametric tests are used when standard assumptions are not available. These tests don’t rely on distributions ...

Explore how descriptive statistics vary between nominal and ordinal data types in statistical analysis.

A nominal interest rate is the real interest rate plus a projected rate of inflation. A real interest rate is what a lender or investor receives.