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Which measure is used to determine whether the distribution is heavy-tailed or light-tailed?

Which measure is used to determine whether the distribution is heavy-tailed or light-tailed?

کون سا پیمانہ اس بات کا تعین کرنے کے لئے استعمال کیا جاتا ہے کہ تقسیم بھاری دم ہے یا ہلکی دم ہے؟
Explanation
  • Kurtosis measures whether a distribution has heavy tails (leptokurtic) or light tails (platykurtic) compared to a normal distribution.

  • A high kurtosis value indicates more extreme outliers, while a low value suggests fewer outliers.