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The tax-free prize money is paid out at a notional rate of 1.5 per cent.
However, as the long-term mean moves away from the level of the notional rate, the TNBS performs increasingly better than the CFS.
The demand for the workforce was reduced at a notional rate of 5% over the projection period, to illustrate productivity improvements through reforms including changed skill mix, changing models of care, technological change or other reforms.
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Lenders are applying 'stress testing' at notional rates way above the actual pay rates of the mortgage and looking for rental cover of up to 145%," he says.
A similar trick is used to calculate a notional exchange rate for the Venezuelan bolivar, fixed by government since 2003.
The 12-month (notional) forward rate for the yuan is currently betting on a 5.5% revaluation of the currency over the next year.
We don't, of course, know the details of what its president, Mario Draghi, will announce but it will presumably include a notional interest rate cut and a commitment to extend the quantitative easing (QE) programme indefinitely.
Two properties of this model are of importance, the notional reproductive rate (R') and the equilibrium prevalence.
It was shown that if the notional reproductive rate R' is under selection, changes in the prevalence are proportional to changes in 1/ R'.
The notional infusion rate and overall fluid required were calculated using the final fluid management model for the 24 patients in 2012-2013.
Bishop et al. [ 8] have derived an expression for the notional reproductive rate in a SEIR model as: (6) R ' = ϕ ξ N χ γ where χ = μ + ωN, i.e. the total rate at which the infection is removed from the environment.
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