Describe The Concept Of Kurtosis. But the terms skewness and kurtosis are non-intuitive. Kurtosis gives a measure of flatness of distribution.
If R is a range in Excel containing the data elements in S then KURT R the kurtosis of S. The difference in implied volatility IV across options with different expiration dates. A uniform distribution would be.
A distribution that has tails shaped.
Karl Pearson has called it the Convexity of a Curve. But the terms skewness and kurtosis are non-intuitive. Aug 17 2019 Kurtosis refers to a measure of the degree to which a given distribution is more or less peaked relative to the normal distribution. That is data sets with high kurtosis tend to have heavy tails or outliers.
