This document summarizes moments and moment systems. It defines moments as a method for summarizing descriptive statistical measures that represents variability and skewness analogous to moments in physics. It discusses notations used for moments, calculating moments about the mean and arbitrary points, and the relationships between central moments and moments about arbitrary points. The document also includes an example calculating first four moments about an arbitrary point of 120 for employee earnings data and converting them to moments about the mean. It determines the distribution is positively skewed based on the positive value of the third central moment.