Meaning of Correlation, Importance
by Correlation, in the finance and investment industries, is a statistic that measures the degree to …
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Measures of Skewness and Kurtosis
Measures of Skewness Mathematical measures of skewness can be calculated by : (a) Bowley’s Method …
Standard Deviation and their coefficients
As the name suggests, this quantity is a standard measure of the deviation of the …
Standard and Mean Deviation
Standard Deviation As the name suggests, this quantity is a standard measure of the deviation …
Range and co-efficient of Range
The Range of a distribution gives a measure of the width (or the spread) of …
Kurtosis
Kurtosis is a statistical measure that defines how heavily the tails of a distribution differ …
Skewness
Skewness, in statistics, is the degree of distortion from the symmetrical bell curve, or normal distribution, …
Measures of Dispersion Meaning, Absolute and Relative
The measure of dispersion shows the scatterings of the data. It tells the variation of …
Geometric Mean Properties, Applications and Limitations
A geometric mean is a mean or average which shows the central tendency of a …
Harmonic Mean Characteristics, Applications and Limitations
A simple way to define a harmonic mean is to call it the reciprocal of …