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Qm 4 20100905

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• But kurtosis does not measure anything about the peak. It measures the rare, extreme observations only. Please see https://en.wikipedia.org/wiki/Talk:Kurtosis#Why_kurtosis_should_not_be_interpreted_as_.22peakedness.22

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• nice presentation...big help for me...thank you for sharing

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Qm 4 20100905

1. 1. Descriptive Statistics Measures of Symmetry Measures of Peakedness Ashutosh Pandey 5.9.2010
2. 2. Skewness The term skewness refers to the lack of symmetry. The lack of symmetry in a distribution is always determined with reference to a normal or Gaussian distribution. Note that a normal distribution is always symmetrical. The skewness may be either positive or negative. When the skewness of a distribution is positive (negative), the distribution is called a positively (negatively) skewed distribution. Absence of skewness makes a distribution symmetrical. It is important to emphasize that skewness of a distribution cannot be determined simply my inspection. QM / Ashutosh Pandey 2
3. 3. Measures of Symmetry Skewness Symmetric distribution Positively skewed distribution Negatively skewed distribution QM / Ashutosh Pandey 3
4. 4. Measures of Skewness If Mean > Mode, the skewness is positive. If Mean < Mode, the skewness is negative. If Mean = Mode, the skewness is zero. Symmetric QM / Ashutosh Pandey 4
5. 5. Measures of Symmetry Many distribution are not symmetrical. They may be tail off to right or to the left and as such said to be skewed. One measure of absolute skewness is difference between mean and mode. A measure of such would not be true meaningful because it depends of the units of measurement. The simplest measure of skewness is the Pearson’s coefficient of skewness: Mean - Mode Pearson' s coefficient of skewness = Standard deviation QM / Ashutosh Pandey 5
6. 6. Measures of Skewness Mean - Mode Pearson' s coefficient of skewness = Standard deviation 3(Mean - Median ) Pearson' s coefficient of skewness = Standard deviation D9 + D1 − 2M e Kelley' coefficien of skewness= s t D9 − D1 Bowley's coefficient of skewness = (Q3 + Q1 ) − 2M e Q3 − Q1 2 µ3 Moment based coefficient of skewness = 3 QM / Ashutosh Pandey µ2 6
7. 7. Central Moments First Moment µ1 = ∑ f (x − x) N 2 Second Moment µ = 2 ∑ f (x − x) N Third Moment µ3 = ∑ f ( x − x )3 N 4 Fourth Moment µ4 = ∑ f (x − x) N QM / Ashutosh Pandey 7
8. 8. Exercise-1: Find coefficient of Skewness using Pearson’s, Kelly’s and Bowley’s formula Income of daily Frequency (x) Labour (f) 40-50 3 45 50-60 5 55 60-70 10 65 70-80 8 75 80-90 4 85 90-100 4 95 100-110 1 105 Sum N=35 QM / Ashutosh Pandey 8
9. 9. Measures of Peakedness Kurtosis: is the degree of peakedness of a distribution, usually taken in relation to a normal distribution. Leptokurtic Platykurtic Mesokurtic QM / Ashutosh Pandey 9
10. 10. Kurtosis A curve having relatively higher peak than the normal curve, is known as Leptokurtic. On the other hand, if the curve is more flat- topped than the normal curve, it is called Platykurtic. A normal curve itself is called Mesokurtic, which is neither too peaked nor too flat-topped. QM / Ashutosh Pandey 10
11. 11. Measures of Kurtosis If β 2 − 3 > 0, the distribution is leptokurtic. If , the distribution is platykurtic. β2 −3 < 0 If , the distribution is mesokurtic. β2 −3 = 0 The most important measure of kurtosis based on the second and fourth moments is µ4 β2 = 2 µ2 QM / Ashutosh Pandey 11
12. 12. Co-efficient of Skewness and Kurtosis using Moments 2 Co-efficient of Skewness µ3 β1 = 3 µ2 Kurtosis µ4 β2 = 2 µ2 QM / Ashutosh Pandey 12
13. 13. Exercise-2: Find coefficient of skewness and Kurtosis using moments Class Frequenc x fx f(x-µ) f(x-µ)2 f(x-µ)3 f(x-µ)4 y (f) 25-30 2 30-35 8 35-40 18 40-45 27 45-50 25 50-55 16 55-60 7 60-65 2 Sum N=35 QM / Ashutosh Pandey 13