Page 22 - FINAL CFA SLIDES DECEMBER 2018 DAY 3
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Session Unit 2:
8. Statistical Concepts and Market Returns (A)
LOS 8.j: Explain skewness and the meaning of a positively or negatively skewed return distribution, p.151/153
KEY:
Skew affects the mean more than the median
and mode, and the mean is “pulled” in the
direction of the skew.
Note the median is between the other two
measures for positively or negatively skewed
distribution
A.
