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Skewness

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Skewness is a statistical measure used to describe the asymmetry of a probability distribution. In statistics, we often study how a real-valued random variable is spread out around its mean, which is the average value. While many people assume data is always balanced, it often is not. Skewness provides specific insights into the shape of these distributions by looking at their tails.

Negative and positive skew diagrams (English)
Negative and positive skew diagrams (English)

By measuring skewness, researchers can understand if the data leans more heavily toward one side than the other.

To understand how skewness works, you must look at the tails of a distribution. The tails are the tapering sides of the curve where values become less frequent. A distribution is considered left-skewed, or left-tailed, when the tail on the left side is longer. Even though the tail is on the left, the main mass of the data is concentrated on the right. This often makes the curve appear to lean toward the right. Conversely, a right-skewed distribution has a longer tail on the right side. In this case, the mass of the distribution is concentrated on the left.

SkewedDistribution
SkewedDistribution

These tails are the primary visual way to determine which kind of skewness a distribution possesses.

There are several different types of skewness values that can be observed. A positive skewness value indicates a right-tailed distribution. A negative skewness value indicates a left-tailed distribution. A skewness of zero means that the tails on both sides of the mean balance out overall. While a symmetric distribution always has zero skewness, an asymmetric distribution can also have a zero value. This happens if one tail is very long and thin, while the other tail is short but fat.

Asymmetric Distribution with Zero Skewness
Asymmetric Distribution with Zero Skewness

Because of this, relying only on the skewness number to judge symmetry can be risky.

Mathematically, skewness can be defined in several ways. One common method is Fisher's moment coefficient of skewness, also known as Pearson's moment coefficient of skewness. This is defined as the third standardized moment. It uses the mean and the standard deviation to calculate the result.

Relationship between mean and median under different skewness
Relationship between mean and median under different skewness

Other researchers use different formulas, such as the nonparametric skew. In older nonparametric definitions, skewness was defined by the relationship between the mean and the median. However, modern definitions do not always match these older rules. For example, a distribution can be skewed even if the mean is not on the side of the long tail.

Many textbooks teach a common rule of thumb regarding the mean and the median. They suggest that in a right-skewed distribution, the mean will be to the right of the median. In a left-skewed distribution, the mean should be to the left of the median. However, this rule fails with surprising frequency. It often fails in multimodal distributions or when one tail is long but the other is heavy. A notable example involves the distribution of adult residents across US households. In that specific case, the skew is to the right, yet the mean actually sits in the heavier left tail.

Positive skewness with mean less than median
Positive skewness with mean less than median

This contradicts the standard textbook interpretation.

History shows that many mathematicians have contributed to these measurements. Karl Pearson suggested several simpler skewness statistics. These include Pearson's first skewness coefficient, which uses the mode, and his second coefficient, which uses the median. Other researchers developed quantile-based measures. Bowley created a measure of skewness in 1901, which is also called Yule's coefficient. George Udny Yule later contributed to this in 1912. These various methods allow statisticians to choose the best tool for their specific type of data.

Skewness is a vital tool in many scientific and financial fields. It is used as a descriptive statistic alongside histograms and normal quantile plots. In finance, skewness helps calculate approximate probabilities and quantiles, such as value at risk. It is also used in D'Agostino's K-squared test, which is a goodness-of-fit test for normality. Many mathematical models assume a normal distribution, which always has a skewness of zero. However, real-world data is rarely perfectly symmetric. Understanding skewness allows scientists to know if deviations from the mean are likely to be positive or negative.

Comparison mean median mode
Comparison mean median mode
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🖼️ Images & Media (6)
File:SkewedDistribution.png
SkewedDistribution.png
File:Negative and positive skew diagrams (English).svg
Negative and positive skew diagrams (English).svg
File:Asymmetric Distribution with Zero Skewness.jpg
Asymmetric Distribution with Zero Skewness.jpg
File:Relationship between mean and median under different skewness.png
Relationship between mean and median...
File:Positive skewness with mean less than median.png
Positive skewness with mean less than median.png
File:Comparison mean median mode.svg
Comparison mean median mode.svg
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