Question

Advantages and disadvantages of skewness and kurtosis

Answer 1

Is this a maths question??

Answer 2

Answer:

• The term skewness is used in the probability theory and statistics and they are also known as the asymmetric measure of the probability distribution.
• The advantage of skewness is that it can be either positive or negative or it may even be undefined.
• They also turn up the data point of high skewness into skewed distribution.
• The major disadvantage of the skewness is it is unpredictable.
• For example, the rise and downfall of a company or the healthy and weak state of a country are the best examples of the skewness.
• The kurtosis can also be expressed as the standardized moments of the standard variable and is particularly called the standardized cumulant.
• Mostly the kurtosis will be in the positive form and the advantage is that the distribution about the means get tighter as the mean gets larger.
• The disadvantage is that it will not have negative or undefined form.