How Are Moments Used in Statistics?
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In this video I explain how moments are used in statistics in order to describe the characteristics of a distribution. The first four moments help to tell us about the mean, variance, skew, and kurtosis of a distribution and allow us to make comparison between distributions. I define raw or crude moments and how changing reference points can provide centralized and standardized moments to describe the shape of a distribution. ... https://www.youtube.com/watch?v=vpPIf3FSfw8
2024-05-30
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