Question

What is the skewness explain advantages and disadvantages

Answer 1

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In probability theory and statistics, skewness is a measure of the asymmetry of the probability distribution of a real-valued random variable about its mean. The skewness value can be positive or negative, or undefined.


ADVANTAGES ---


As few return distributions come close to normal, skewness is a better measure on which to base performance predictions. This is due to skewness risk. Skewness risk is the increased risk of turning up a data point of high skewness in a skewed distribution.

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Answer 2

Skewness is the unpredictable rising and downfall of a particular company. Its advantage is that  it may double the income of the company over night and retain the initial financial ability of the company. Its disadvantage is that it may lead to abrupt bankruptcy of an individual company or an organisation. thus the company should run in a stable and p[predictable manner