Discuss the Cumulative Summing Relationship

question 41

Essay

Discuss the cumulative summing relationship.

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Definitions:

Distribution

The way in which something is shared out among a group or spread over an area, often referring to the statistical spread of values in a dataset.

Negatively Skewed

Describes a distribution of data where the tail is longer on the left side of the distribution's peak, indicating most values are high and few are low.

Tail

The far end portions of a distribution curve where the likelihood of values occurring becomes smaller; in skewed distributions, one tail may be longer than the other.

Negative Skew

A distribution that is skewed to the left, indicating that the tail on the left side is longer or fatter than the right side and the mean is typically less than the median.