dwheats
September 2, 2014, 11:44pm
#1
I am going through the Schweser for FRM Part 1.

They describe the central moments in terms of the expected value operator, however do not provide a formula for computing skew or kurtosis.

Should I know how to compute it? Or is it only necessay to understand how they affect the distribution of the data?

Juz4fun
September 3, 2014, 9:32am
#2
IMO, you do not need to know how to calculate, but need to know their (skewness&kurtosis) implications such as +/- skewness and kurtosis more/less than 3.

Hope that helps

dwheats
September 3, 2014, 1:52pm
#3
That does! Thanks! Very surprising thoughâ€¦

Similarly for the Level I CFA exam. I wrote a couple of articles on these: