Can anybody explain in easy to understand "simple speak" what Kurtosis means to you.
I think you get it from drinking too much
Ok googled it..
My interpretation of the Wikipedia is
'the pointiness of a chart'
A chart that rises and falls quickly has more Kurtosis then a chart that is flat.
I might be wrong. Has happened before.
Actually I think it is better described as a way to measure pointiness.
mesokurtotic is zero kurtosis
leptokurtic is positive kurtosis - meaning it is more pointy then normal
platykurtic is negative kurtosis - meaning it is less pointy then normal
It seems to be a way of measuring the statistical value of data, where you have an expected outcome.
Is is measurable? What is this skewness stuff that I read about when it is in the context of Kurtosis? Are there any indicators?
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