How is 2nd moment calculated?
2nd moment = sum of (distance from mean)^2 to each data point/ number of data points = variance
How is 3rd moment calculated?
3rd moment = sum of (distance from mean)^3 to each data point/ number of data points
How to calculate skewness
skewness= 3rd moment/SD^3
How is 4th moment calculated
4th moment = sum of (distance from mean)^4 to each data point / number of data points
How is kurtosis calculated?
kurtosis = 4th moment/ SD^4