nominal data vs nominal value

Both 'nominal data' and 'nominal value' are correct phrases, but they are used in different contexts. 'Nominal data' refers to data that is categorized into distinct groups or categories without any specific order, while 'nominal value' typically refers to a specific numerical value that is named or labeled. Therefore, the choice between the two depends on whether you are referring to data or a specific value.

Last updated: March 24, 2024 • 663 views

nominal data

This phrase is correct and commonly used in statistics to refer to data that is categorized into distinct groups or categories without any specific order.

Use 'nominal data' when referring to data that is qualitative and categorical, such as colors, types, or names, without any inherent order or ranking.

Examples:

The survey responses were coded as nominal data for analysis.
In the study, participants were asked to indicate their favorite color, which was treated as nominal data.

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For each Member State, the indices and the changes, in real terms, of the values of the income indicators are obtained by deflating the corresponding nominal data with the implicit price index of GDP.
Expected nominal fuel cycle data, including:
Expected nominal fuel cycle data including (as applicable):
The ECB publishes data on nominal and real effective exchange rates for the euro.
Tabulation of chamber nominal and actual concentration data
Member States shall send electronically to the Commission, which shall pass the information to the ICCAT Executive Secretariat, the annual nominal catch data (task I as defined by ICCAT) for the species listed in Annex II.
The nominal catch data shall include all fishery products landed or transhipped at sea in no matter what form but shall exclude quantities which, subsequent to capture, are discarded at sea, consumed on board or used as bait on board.
Member States shall transmit to the Commission, which in turn will transmit to the ICCAT Executive Secretariat, the annual nominal catch data (task I as defined by ICCAT), for those species that are indicated in Annex II.
The nominal catch data shall include all fishery products landed or transhipped at sea in no matter what form but shall exclude quantities which, subsequent to capture, are discarded at sea, consumed on board or used as bait on board.
Detailed all-engine-operating performance data, including nominal fuel flow data, for standard and non-standard atmospheric conditions and as a function of airspeed and power setting, where appropriate, covering:
Since October 1999, the ECB has been publishing data on nominal and real effective exchange rates for the euro, and has made data available for an assessment of the international role of the euro.
catch data in nominal catch weight and effort data in fishing days (purse seine, baitboat, troll, drift nets) should be provided to IOTC by 1º grid area and month strata.
Nominal and real effective euro exchange rates 1) (monthly/ quarterly data;
Sources: Eurostat, national data (CPI, money supply, stock prices, house prices) and European Commission (output gap, nominal effective exchange rate).
Units must be capable of being powered from a wall outlet or from a data or network connection, using the international standard nominal voltage supplies listed in Section D.4.
It requires Type-4 Logical Records to contain dactyloscopic image data that are being transmitted at a nominal pixel density of 500 to 520 pixels per inch.
After March 2009, Chart 38 Euro nominal and real effective exchange rates (EER-21) 1) (monthly/ quarterly data;
On 13 March 2001, the cut-off date for data for this Annual Report, the euro, as measured by the nominal effective exchange rate, had appreciated by almost 4 % with regard to the average for 2000.
Nature of data Quarterly 20 days 2 weeks Monthly Monthly Nominal rate
For aggregated data: number of units or aggregated nominal value having the same price value (see field 4).

Alternatives:

categorical data
qualitative data
discrete data
non-numeric data
unordered data

nominal value

This phrase is correct and is commonly used to refer to a specific numerical value that is named or labeled, often in the context of finance or accounting.

Use 'nominal value' when referring to a specific numerical value that is assigned a name or label, such as the face value of a bond or the stated value of a currency.