USEFUL OR TRASH? Kurtosis and Skewness [WATCH THIS, BEFORE YOU USE] 

The video not only explains the concept of Kurtosis and Skewness using examples but also motivates you to think about applications of the concepts in real-life scenarios. The video also provides a comparative perspective on the historical and new definition of Kurtosis. The video provides a perspective to think whether Kurtosis and Skewness are useful Statistical parameters to study. It also, enables you to gain a fair understanding on why and where we could use Kurtosis and Skewness.
Time stamps:
00:00 : Introduction
01:06 : Definition of Skewness
01:30 : Definition of Kurtosis (Historical)
01:44 : Need for Measures of Shape
02:40 : What is Skewness? Types of Skewness.
04:23 : Is Skewness useful? Skewness equation and limitations
06:22 : What is Kurtosis? Old/New definition. Types of Kurtosis.
08:06 : Kurtosis equation, limitations and Excess Kurtosis
11:07 : Is Kurtosis useful? Applications
12:35 : Announcement and Wrap-up
Links to the papers on Kurtosis:
Peter H. Westfall (2014) Kurtosis as Peakedness, 1905-2014. R.I.P., The American Statistician, 68:3, 191-195, DOI: 10.1080/00031305.2014.917055
www.ncbi.nlm.nih.gov/pmc/arti...
Kaplansky, I. (1945). A common error concerning kurtosis. Journal of the American Statistical Association, 40, 259. doi.org/10.2307/2280139
Links to Tutorials:
Playlist for Probability Distribution:
• Probability Distributi...
Application of Mean, Median and Mode:
• Application of Mean, M...
Measures of Spread in Real Life:
• Measures Of Spread In ...
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