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January 13, 2009 09:38 AM

In statistics, what are some practical applications of skewness and kurtosis?

it's all about statistics....
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January 15, 2009 11:54 PM
-----Quote----
A fundamental task in many statistical analyses is to characterize the location and variability of a data set. A further characterization of the data includes skewness and kurtosis.

Skewness is a measure of symmetry, or more precisely, the lack of symmetry. A distribution, or data set, is symmetric if it looks the same to the left and right of the center point.

Kurtosis is a measure of whether the data are peaked or flat relative to a normal distribution. That is, data sets with high kurtosis tend to have a distinct peak near the mean, decline rather rapidly, and have heavy tails. Data sets with low kurtosis tend to have a flat top near the mean rather than a sharp peak. A uniform distribution would be the extreme case.

The histogram is an effective graphical technique for showing both the skewness and kurtosis of data set.
----Quote----
http://www.itl.nist.gov/div898/handbook/eda/section3/eda35b.htm
Source(s):
http://www.itl.nist.gov/div898/handbook/eda/section3/eda35b.htm



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