Kurtosis

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Related to Curtosis: skewness, leptokurtic

Kurtosis

Measures the fatness of the tails of a probability distribution. A fat-tailed distribution has higher-than-normal chances of a big positive or negative realization. Kurtosis should not be confused with skewness, which measures the fatness of one tail. Kurtosis is sometimes referred to as the volatility of volatility.
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References in periodicals archive ?
El valor estandarizado de la curtosis multivariada de Mardia de las 7 variables manifiestas fue 3,70, lo que indico muy ligera desviacion de la normalidad multivariada.
Todas las series tienen curtosis positiva y son leptocurticas y, por lo tanto, ninguna serie sigue una distribucion normal tal y como lo indica la prueba de Jarque-Bera.