Page 59 - FINAL CFA SLIDES JUNE 2019 DAY 2
P. 59
LOS 8.j: Explain skewness and the Session Unit 2:
meaning of a positively or negatively 8. Statistical Concepts and Market Returns (A)
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.
