Define Meaning Of Kurtosis. There are three. A quantity indicating how sharply a probability distribution function increases and decreases around the distributions mean.
Kurtosis K Vose Software from www.vosesoftware.com
Statistics a measure of the concentration of a distribution around its mean esp the statistic B 2 m 4 m 2. It tells us the extent to which the distribution is more or less outlier-prone heavier or light-tailed than the normal distribution. Unlike skewness which differentiates extreme values between one tail and another kurtosis computes the absolute values in each tail.
Hence it is clear that it is considered as a common measure of shape.
A quantity indicating how sharply a probability distribution function increases and decreases around the distributions mean. It tells us the extent to which the distribution is more or less outlier-prone heavier or light-tailed than the normal distribution. Jun 17 2020 Kurtosis is a statistical measure that is used to describe the size of the tails on a distribution. That is data sets with high kurtosis tend to have heavy tails or outliers.
