05 - Advanced Computational Methods, Vol Assessment 1 Flashcards
1
Q
What is kurtosis
A
Measure of wether the data is heavy tailed or light tailed relative to normal distribution
2
Q
What is skewness
A
Symmetry or lack thereof.
Bunched to the left = positive skew
3
Q
What is standard deviation
A
Measure used to quantify the amount of variation of dispersion of a set of data values. Low SD means they are close to the mean. High SD means data is spread out over a wider range of values
