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.
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.