Glossary of economics research
Results of search for leptokurtic follow:
leptokurtic:
An adjective describing a distribution with high kurtosis. 'High' means the
fourth central moment is more than three times the second central moment; such
a distribution has greater kurtosis than a normal distribution. This term is
used in Bollerslev-Hodrick 1992 to characterize stock price returns.
Lepto- means 'slim' in Greek and refers to the central part of the
distribution.
Source: Davidson and MacKinnon, 1993, p 62
Contexts: statistics
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