Page 25 - FINAL CFA SLIDES DECEMBER 2018 DAY 3
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Session Unit 2:
8. Statistical Concepts and Market Returns (B)
LOS 8.k: Describe the relative locations of the mean, median, and mode for a unimodal, non-symmetrical
distribution.
Sample kurtosis is measured using deviations raised to the fourth power.
Excess kurtosis values that exceed 1.0 in
Positive values of excess kurtosis indicate a
absolute value are considered large.
distribution that is leptokurtic
Negative values indicate a platykurtic distribution.
B.
