What does kurtosis serve?

Answer:

In probability theory and statistics, kurtosis (from the Greek word κυρτός, kyrtos or kurtos, meaning bulging) is a measure of the "peakedness" of the probability distribution of a real-valued random variable. Higher kurtosis means more of the variance is due to infrequent extreme deviations, as opposed to frequent modestly sized deviations.

Sometimes kurtosis gets confused with skewness, so I have added links to both these terms.

First answer by Dblord. Last edit by Dblord. Contributor trust: 154 [recommend contributor recommended]. Question popularity: 2 [recommend question].