Skewness and Kurtosis Formulas:
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Skewness and Kurtosis are statistical measures that describe the shape of a probability distribution. Skewness measures the asymmetry of the distribution, while Kurtosis measures the "tailedness" or peakiness of the distribution compared to a normal distribution.
The calculator uses the following formulas:
Where:
Explanation: Skewness measures the degree of asymmetry in the distribution, while Kurtosis measures whether the data are heavy-tailed or light-tailed relative to a normal distribution.
Details: These measures are crucial for understanding the shape characteristics of data distributions, identifying outliers, and determining if data follows a normal distribution, which is important for many statistical tests and analyses.
Tips: Enter your data points as comma-separated values. The calculator will compute the mean, standard deviation, skewness, and kurtosis automatically. Ensure you have at least 3 data points for meaningful results.
Q1: What does positive skewness indicate?
A: Positive skewness indicates the distribution is skewed to the right, with a longer tail on the right side and most values concentrated on the left.
Q2: What does negative skewness indicate?
A: Negative skewness indicates the distribution is skewed to the left, with a longer tail on the left side and most values concentrated on the right.
Q3: What is the interpretation of kurtosis values?
A: Kurtosis > 3 indicates heavy tails (leptokurtic), kurtosis = 3 indicates normal tails (mesokurtic), and kurtosis < 3 indicates light tails (platykurtic).
Q4: When are skewness and kurtosis most useful?
A: They are particularly useful in finance for risk assessment, in quality control for process monitoring, and in research for data normality testing.
Q5: What are the limitations of these measures?
A: They can be sensitive to outliers and may not provide meaningful results with very small sample sizes. They describe distribution shape but not necessarily the underlying causes.