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Motivated by the need for parametric families of rich and yet tractable distributions in financial mathematics, both in pricing and risk management settings, but also considering wider statistical applications, we investigate a novel…

Statistical Finance · Quantitative Finance 2009-01-06 William T. Shaw , Ian R. C. Buckley

Kurtosis minus squared skewness is bounded from below by 1, but for unimodal distributions this parameter is bounded by 189/125. In some applications it is natural to compare distributions by comparing their kurtosis-minus-squared-skewness…

Statistics Theory · Mathematics 2023-12-12 Chris A. J. Klaassen , Bert van Es

In a recent paper [\textit{M. Cristelli, A. Zaccaria and L. Pietronero, Phys. Rev. E 85, 066108 (2012)}], Cristelli \textit{et al.} analysed relation between skewness and kurtosis for complex dynamical systems and identified two power-law…

Statistical Mechanics · Physics 2014-12-04 Ahmet Celikoglu , Ugur Tirnakli

Kurtosis is seen as a measure of the discrepancy between the observed data and a Gaussian distribution and is defined when the 4th moment is finite. In this work an empirical study is conducted to investigate the behaviour of the sample…

Statistical Finance · Quantitative Finance 2018-11-06 J. Martin van Zyl

Noise is an unavoidable part of most measurements which can hinder a correct interpretation of the data. Uncertainties propagate in the data analysis and can lead to biased results even in basic descriptive statistics such as the central…

Instrumentation and Methods for Astrophysics · Physics 2023-11-27 Lorenzo Rimoldini

Consider testing normality against a one-parameter family of univariate distributions containing the normal distribution as the boundary, e.g., the family of $t$-distributions or an infinitely divisible family with finite variance. We prove…

Statistics Theory · Mathematics 2007-06-13 Akimichi Takemura , Muneya Matsui , Satoshi Kuriki

Central moments and cumulants are often employed to characterize the distribution of data. The skewness and kurtosis are particularly useful for the detection of outliers, the assessment of departures from normally distributed data,…

Instrumentation and Methods for Astrophysics · Physics 2014-03-24 Lorenzo Rimoldini

Skewness and kurtosis are fundamental statistical moments commonly used to quantify asymmetry and tail behavior in probability distributions. Despite their widespread application in statistical mechanics, condensed matter physics, and…

Mathematical Physics · Physics 2025-06-23 Carlo De Michele , Samuele De Bartolo

Many measures of peakedness, heavy-tailedness and kurtosis have been proposed in the literature, mainly because kurtosis, as originally defined, is a complex combination of the other two concepts. Insight into all three concepts can be…

Statistics Theory · Mathematics 2017-02-01 R. G Staudte

Fourier analysis and representation of circular distributions in terms of their Fourier coefficients, is quite commonly discussed and used for model-free inference such as testing uniformity and symmetry etc. in dealing with 2-dimensional…

Methodology · Statistics 2018-02-27 S. Rao Jammalamadaka , Gyorgy Terdik

We formalise and generalise the definition of the family of univariate double two--piece distributions, obtained by using a density--based transformation of unimodal symmetric continuous distributions with a shape parameter. The resulting…

Methodology · Statistics 2015-08-07 F. J. Rubio , M. F. J. Steel

To generalize the notion of distribution function to dimension $d\geq 2$, in the recent papers it was proposed a concept of center-outward distribution function based on optimal transportation ideas, and the inferential properties of the…

Analysis of PDEs · Mathematics 2018-05-15 Alessio Figalli

Multivariate elliptically-contoured distributions are widely used for modeling correlated and non-Gaussian data. In this work, we study the kurtosis of the elliptical model, which is an important parameter in many statistical analysis.…

Statistics Theory · Mathematics 2024-08-23 Bowen Zhou , Peirong Xu , Cheng Wang

The impact of the third (skewness) and fourth (kurtosis) reduced centered moments on the statistical modeling of E1 lines in complex atomic spectra is investigated through the use of Gram-Charlier, Normal Inverse Gaussian and Generalized…

Atomic Physics · Physics 2015-05-13 Jean-Christophe Pain , Franck Gilleron , Jacques Bauche , Claire Bauche-Arnoult

Order statistics theory is applied in this paper to probabilistic robust control theory to compute the minimum sample size needed to come up with a reliable estimate of an uncertain quantity under continuity assumption of the related…

Optimization and Control · Mathematics 2008-05-13 Xinjia Chen , Kemin Zhou

We study properties of the cross-sectional distribution of returns. A significant anti-correlation between dispersion and cross-sectional kurtosis is found such that dispersion is high but kurtosis is low in panic times, and the opposite in…

Statistical Finance · Quantitative Finance 2009-08-04 Lisa Borland

First and second kind modifications of usual confidence intervals for estimating the expectation and of usual local alternative parameter choices are introduced in a way such that the asymptotic behavior of the true non-covering…

Statistics Theory · Mathematics 2015-04-13 Wolf-Dieter Richter

We introduce the univariate two--piece sinh-arcsinh distribution, which contains two shape parameters that separately control skewness and kurtosis. We show that this new model can capture higher levels of asymmetry than the original…

Applications · Statistics 2015-05-21 F. J. Rubio , E. O. Ogundimu , J. L. Hutton

The Mardia measures of multivariate skewness and kurtosis summarize the respective characteristics of a multivariate distribution with two numbers. However, these measures do not reflect the sub-dimensional features of the distribution.…

Methodology · Statistics 2022-07-20 Joydeep Chowdhury , Subhajit Dutta , Reinaldo B. Arellano-Valle , Marc G. Genton

In this work we investigate the origin of the parabolic relation between skewness and kurtosis often encountered in the analysis of experimental time-series. We argue that the numerical values of the coefficients of the curve may provide…

Data Analysis, Statistics and Probability · Physics 2010-07-30 F. Sattin , M. Agostini , R. Cavazzana , G. Serianni , P. Scarin , N. Vianello
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