In many applications, the manifest variables are not even approximately multivariate normal. If this happens to be the case with your data set, the default generalized least-squares and maximum ...

Kurtosis, or the fourth central moment in statistics, is commonly used to estimate the shape of the statistical distribution of a signal (or data). It is widely used for detecting non-normality in the ...

Kurtosis is a statistical measure that describes the shape of a distribution's tails in relation to a normal distribution. In finance, kurtosis is used to assess the risk of investments, particularly ...