What Does Skewness Number Tell You. A given distribution can be either be skewed to the left or the right. Jul 06 2020 Also skewness tells us about the direction of outliers.
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Skewness tells you the amount and direction of skewdeparture from horizontal symmetry and kurtosis tells you how tall and sharp the central peak is. When the mean is less than the median has a negative skewness. Skewness is better to measure the performance of the investment returns.
The reason for dividing the difference is so that we have a dimensionless quantity.
Again the mean reflects the skewing the most. Sep 28 2020 Summary. When the median is closer to the bottom of the box and if the whisker is shorter on the lower end of the box. To one side of the mean.
