Outrageously Funny Word Dictionary :: Lognormality

👉 Lognormality refers to a family of probability distributions that arise in many fields, including finance and engineering. The lognormal distribution is one such family of probability distributions, characterized by its bell-shaped curve with tails that are approximately normal but tapering towards zero. Lognormal distributions have been studied extensively for their ability to model complex financial market phenomena such as interest rates, stock prices, and exchange rate movements.

lognormality