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Definitions from the Web

Term: Lognormal

Part of Speech: Adjective

Sense 1: Popular in statistics, lognormal refers to a probability distribution whose logarithm is normally distributed. It is often used to model variables that have positive values and skewed distributions.

Sample Sentence: The lognormal distribution is frequently employed in finance to represent the returns of assets.

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Part of Speech: Noun

Sense 1: In mathematics, a lognormal is a random variable whose natural logarithm has a normal distribution. It is often used to describe quantities that cannot be negative.

Sample Sentence: The stock market tends to exhibit lognormality due to its upward trend over time.

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Sense 2: Locally used, lognormal refers to a person or organization that is widely recognized or admired within a specific community or locality.

Sample Sentence: The local artist has become quite lognormal for his unique style and captivating exhibitions.

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