What does fat-tailed distribution mean?
Definitions for fat-tailed distribution
fat-tailed dis·tri·bu·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word fat-tailed distribution.
Wikipedia
Fat-tailed distribution
A fat-tailed distribution is a probability distribution that exhibits a large skewness or kurtosis, relative to that of either a normal distribution or an exponential distribution. In common usage, the terms fat-tailed and heavy-tailed are sometimes synonymous; fat-tailed is sometimes also defined as a subset of heavy-tailed. Different research communities favor one or the other largely for historical reasons, and may have differences in the precise definition of either. Fat-tailed distributions have been empirically encountered in a variety of areas: physics, earth sciences, economics and political science. The class of fat-tailed distributions includes those whose tails decay like a power law, which is a common point of reference in their use in the scientific literature. However, fat-tailed distributions also include other slowly-decaying distributions, such as the log-normal.
Wikidata
Fat-tailed distribution
A fat-tailed distribution is a probability distribution that has the property, along with the other heavy-tailed distributions, that it exhibits large skewness or kurtosis. This comparison is often made relative to the normal distribution, or to the exponential distribution. Fat-tailed distributions have been empirically encountered in a variety of areas: economics, physics, and earth sciences. Some fat-tailed distributions have power law decay in the tail of the distribution, but do not necessarily follow a power law everywhere.
Numerology
Chaldean Numerology
The numerical value of fat-tailed distribution in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of fat-tailed distribution in Pythagorean Numerology is: 4
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"fat-tailed distribution." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/fat-tailed+distribution>.
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