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The Fisher Effect Is the Relationship Between Three Items: the Nominal

question 9

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The Fisher Effect is the relationship between three items: the nominal rate,the real rate,and inflation.


Definitions:

Nominal

Referring to data classified into categories without a natural order or ranking among the categories.

Interval Data

A type of data that consists of numerical scores that exist on a scale with equal intervals between values but no true zero point.

Nominal Data

Categorical data that cannot be ordered or ranked in a meaningful way.

Ordinal Data

A type of categorical data with a set order or scale, but without a standard spacing between the categories.

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