kurtosis
/kɜrˈtoʊsɪs/
noun
- A statistical measure that describes how much the tails of a data distribution differ from the tails of a normal distribution, indicating the presence of outliers or extreme values.
- The kurtosis of the test scores was high, meaning there were many very high and very low scores.
- When analyzing stock returns, investors often look at kurtosis to understand the risk of extreme price changes.
- The data set had a kurtosis value close to zero, suggesting it followed a normal distribution.