References in periodicals archive ?
55 indicating that these sediments are very platykurtic to mesokurtic to leptokurtic to very leptokurtic.
In both cases, a 0 would indicate a perfectly symmetrical and mesokurtic distribution (for all the simulations h was fixed to 0).
In fact, it is not even necessary for the distribution of returns to be symmetric or mesokurtic since the criterion explicitly incorporates the third and fourth moments of the distribution, a highly desirable property which allows for nonparametric empirical applications.
In this case, an adequate factor solution is that whose distribution of residuals was unbiased and was approximately mesokurtic.
The normal distribution is mesokurtic when the kurtosis is equal to 3 because the values are close to the central value.