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 ...

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 ...