Skewness and Its Measures
Skewness and Its Measures
Measures
BY- DEEPANSHU, CHANDAN, DEV, AYUSH
GUPTA, HARSH SINGH, VAIBHAV
Table of Contents
• What is Skewness
• Measures of Skewness
What is skewness ?
• Skewness is a measure of the asymmetry of a distribution. A
distribution is said to be skewed if it is not symmetrical. A
distribution can have right (or positive), left (or negative), or
zero skewness. A right-skewed distribution is longer on the right
side of its peak, and a left-skewed distribution is longer on the
left side of its peak.
Positive Skewness
Positive skewness occurs when the tail of the distribution
extends towards the right. In a positively skewed
distribution, the mean is greater than the
median.
Examples of positively skewed data include income
distribution and stock returns.
Negative skewness
Negative skewness occurs when the tail of the distribution extends
towards the left. In a negatively skewed distribution, the
mean is less than the median.
Examples
of negatively skewed data include age distribution and
exam scores.
Zero skewness
When a distribution has zero skew, it is symmetrical. Its left and
right sides are mirror images. Normal distributions have
zero skew, but they’re not the only distributions
with zero skew. Any symmetric distribution , such as a
uniform distribution or some bimodal (two peak)
distribution , will also have zero skew .
•
Measures of Skewness
Pearson’s first coefficient of skewness = Compares
the Mode and mean of a distribution
• Pearson’s second coefficient of skewness =
Compares the median and mean of a distribution
• Bowley’s coefficient of skewness = Compares the
difference between the quartiles of a distribution
• Kelly’s Coefficient of skewness = Compares the tails of
a distribution to assess its asymmetry
1. Pearson’s first coefficient of skewness
Pearson’s first coefficient of skewness , also known as the mode skewness, is a measure of
skewness that compares the mode and mean of a distribution . It provides an indication of
the direction and magnitude of a distribution’s asymmetry.
} Skewness = (Mean-Mode)/Sample standard deviation
Formula :-
(Mean–Mode)/ Sd OR (Xˉ−M)/ Sd
Where :
Xˉ= Mean
M= Mode
Sd= Standard Deviation
3. Bowley’s coefficient of skewness