Moments describe aspects of a distribution and help determine its nature. The first moment is the mean, describing the center. The second moment is the variance, describing the spread. Higher moments describe skew and peak. Moments can be calculated about the mean or origin for ungrouped or grouped data using formulas. Moment ratios like variance divided by mean squared indicate skew. A distribution is symmetrical if equidistant values have equal frequency, and skewed if one tail is longer, measured by the moment ratio β1. Positive skew means the right tail is longer, negative means the left tail is longer.