This format is used to create images without compression on Nikon Coolpix cameras. The created RAW files contain electronic data from the camera sensor. It is able to save more data compared with compressed photos. With NRW files you can set the exposure, white balance and other settings while preserving all the details in the image.
This format is used for storing bitmap images with improved levels of color and brightness performance. It combines exposures to record darker tones in the shadows or detail in the lighter areas of a given photo. HDR is able to combine multiple images with different levels of light distribution. It is used to create rich images.