Negative Skew = Amount of efforts( e.g. in terms of time) put in studies from start of one semester to the next
@eliebadlissi28185 жыл бұрын
recalling the mode video graphic was hilarious. Excellent content as usual thank you!
@英語で学ぶ会計入門3 жыл бұрын
I actually did a degree in Statistics very many years ago (knowledge which I have never used directly since) , and I would totally agree with your comments about hand-waving explanations about degrees of freedom from lecturers! Another that baffled me at the time was moments. Both your explanations were much better! Enjoying the videos as I try to remember what I learned (temporarily) at university.
@johnsonmshiu48375 жыл бұрын
For example If you have provided an easy test to a students in a class majority of them will score high marks while few of them will score lower marks (Negative Skewness) and vice versa
@amymjmurphy5 жыл бұрын
Your videos make all of this so understandable!! I am in graduate school and taking quantitative analysis, and this has helped me so much!
@waeltoumi96503 жыл бұрын
he is wrong in same examples
@waeltoumi96503 жыл бұрын
when the mean
@farrukhzaidi30943 жыл бұрын
Example of negatively skewed data: Submission of assignments by students. (if we take the date on x-axis and assignments submitted on the y-axis.)
@sundarramsrinivasan9053 жыл бұрын
The most commonly viewed parameter in a factory has negative skew. Machine speed. Another common one is impurities in a chemical process that build up over time and are purged periodically.
@ShiNguyenchu5 жыл бұрын
scenario for negative skew: a super easy close book test, so that the majority of the students get high mark while very few students get lower score
@zedstatistics4 жыл бұрын
Good one! I've seen many of these. One has to question the integrity of these types of tests :)
@prakharagrawal40113 жыл бұрын
Same example if I see in my class but for Positive skew, As majority of student get low mark and few students get High score.
@英語で学ぶ会計入門3 жыл бұрын
I thought about this before looking at the comments and had an idea very similar to yours, an easy exam with a few difficult questions given to a class where most people are pretty studious and a smaller number are lazy and/or stupid.
@chaseezra54503 жыл бұрын
instablaster
@chunlangong22142 жыл бұрын
define integrity
@wyattsullivan27142 жыл бұрын
Negative skew example: a measure of performance for a high level competition. For example, the javeline throw event in the Olympics.
@bryantorres60575 жыл бұрын
Distribution of age at death in a developed country.
@judahdsouza91963 жыл бұрын
perfect
@barhammd Жыл бұрын
Challenge: a high or low specification limit will indicate in a skewed data set, such as car speed data will be negatively skewed to the upper speed limit
@avahsieh46454 жыл бұрын
Negative skew distribution example: Wealth by age. As you grow older, usually you earn more.
@abhinavshukla12644 жыл бұрын
It think distributions are not something having an independent variable x ( like you mentioned age ) and there function f(x) ( like you say wealth.) It's different thing. In your case you choose x as age then the negative skewed distribution is representing that old aged people have greater probabilty of being there in a locale.
@alecdelu833 жыл бұрын
Not in Argentina
@avahsieh46453 жыл бұрын
@@alecdelu83 I am curious. What's it like in Argentina?
@alecdelu833 жыл бұрын
Government makes people pay every month a "percetnage for retirement" through taxes and then it steals it from their savings to pay the deficit they created in the first place, and to be even more corrupt. Result: destroyed country with poor old people.
@avahsieh46453 жыл бұрын
@@alecdelu83 Thanks for sharing your insight. Sorry to hear that your people have to endure this. Hope everything gets better and fairer in the future. All the best.
@1089874 жыл бұрын
The outcome of writing put options with a strike price way below the current market price (out-of-the-money puts). Most of the time you will be making money (being on the righthand side of the distribution mass) but once in a while you will incur heavy losses (black swans) where the probability of occurring is low but severe (i.e in the left tail).
@yoongwaichan61025 жыл бұрын
Negative skewed data: Japan's aging population.
@parthpardeshi13304 жыл бұрын
Ya please explain
@bryanross4214 жыл бұрын
@@parthpardeshi1330 It is simple... picture where the graph will be tailing off. It is going to be tailing off towards the left because Japan has an aging population and fewer people in the younger scale, hence negatively skewed. Also if you get an imaginary set of numbers where majority of the people are above 60, you will see that the mean is less than the median...try it
@kshitijkumar66104 жыл бұрын
Damn! Japan needs to work on this!
@parthpardeshi13304 жыл бұрын
@@bryanross421 Oh ya, that's easy, I wonder why I didn't get that 😅 Anyways thanks Bryan.
@parthpardeshi13304 жыл бұрын
@@kshitijkumar6610 How will that happen? Does the government need to promote a higher birth rate somehow?
@kaykwanu Жыл бұрын
You presentations are awesome....and intuitive. I will consume all your content!
@naftalibendavid5 жыл бұрын
Superb explanation. Loved the reference to Joy Division. Appreciate the commitment to accessibility with accuracy
@zedstatistics5 жыл бұрын
Hehe a reference definitely lost on my younger students!
@andreasengert46584 жыл бұрын
Another example of negative skew: realized payoffs from loans to lenders. Most borrowers pay but some default.
@glorysonhorace32652 жыл бұрын
I really can't thank you enough. May God bless you
@richardpanduroallanson1076 Жыл бұрын
An anecdotal example of negative skew that reflects what some are already saying: I was on a science jeopardy team in high school, and we had weekly practice all semester for the end-of-semester science bowl. All the local high schools would compete in the science bowl. I never studied but attended weekly practices. When science bowl day came, everyone was constantly reading textbooks, including myself. My teacher told us he saw us study more on competition day than the whole semester combined... whoops. If time was on the x-axis, and the amount of studying was on the y-axis, my graph would be highly skewed... perhaps a skew = -2 or greater.
@Shinykip5 жыл бұрын
Highly skewed data: income. Excellent video, by the way. Look forward to a follow up on kurtosis.
@shukailu67315 жыл бұрын
Thank you Justin! Your video is amazing!! Cheers to all Math lovers here!
@vrindaarora78695 жыл бұрын
Eg. Concentration in studies. First we struggle to get into that flow state , then when we actually get it our attention is high and then it falls again😂
@goldfishdoc19993 жыл бұрын
😂😂
@felixgrant14 жыл бұрын
Challenge: Anything with socially desirable responding. For instance, asking people how much healthy food they eat might mean that people want to appear healthy and so you end up with plenty of high values and few low values, resulting in negative skew
@astadash15984 жыл бұрын
A negative skew can occur in a class of average students having an easy test to answer. In such a way most of students can have good grades and a few will have bad grades, as a result our data will be negatively skewed.
@surajpadhan86504 жыл бұрын
Negative skewed : acquisition of knowledge (skill or experience) with time.
@XYZmmc5 жыл бұрын
The first video that could explained exactly true and all details, thanks
@cahyaningsih56825 жыл бұрын
negative skew: my heart
@zedstatistics5 жыл бұрын
THIS
@parthpardeshi13304 жыл бұрын
How?
@naftalibendavid5 жыл бұрын
Price of a book on the web usually has the new retail price as the mode on the far right and various discounted prices to the left at Lowe frequency...
@amleshkanekar3283 жыл бұрын
Scenario for negative skew: The variable Age in a country which for an extended period of time, has had an excellent public healthcare system and also an enforced birth control policy such as a "one child policy".
@skwasigr3 жыл бұрын
negativ skewness is also the distribution of arrival time in min of students before a lecture at a university
@hrishikeshbhaumik3072 жыл бұрын
Examples of negative skew:- 1. Online reviews of a reliable product on a particular scale 2. Waiting time of customers at a popular eatery
@chaineloisir2506 Жыл бұрын
I'm pretty sure if we check for the distribution of the debt in a population, using a negative number if you are a debtor and positive number if you are a creditor, it will result in negative skew.
@MouadDROUICHE-c4v2 күн бұрын
negative skeweness is showable in the distribution of salaries in almost every company in the world also in the distribution of scores in schools, but it's kinda moderate negative skeweness, cuz usually the majority of students take scores like about 50 to 80 , few take less, and more few take more.
@aneesasolwa99403 жыл бұрын
the mode part was so extra. I loved it.
@michaelh.63084 жыл бұрын
I'm not sure why, but moments are reminding me a lot of derivatives. Are these related somehow? Position = x , change in x with time = velocity , change in velocity with time = acceleration. 0th, 1st, and 2nd derivatives. Position of average amount = mean, change in amount with distance from mean = variance, change in variance amount with distance from mean =skew 1st, 2nd, and 3rd moments.
@Undercover_FE Жыл бұрын
I know this is old, and I hope you are now well versed on these topics, but for anyone wondering: We are not finding deltas in moment calculations. They are just averages. Indeed, the first moment is the average of n elements, more so (since you mention physics) the Center of Mass of the n elements. That's why I don't agree with what is said in the video, that is when he states that we are finding the average distance from the origin for the mean calculation---this is not true since the negatives will always interfere in this calculation (Recall this is the entire motivation of the variance involving squares). The second (centralized) moment is the average area of squares each given by deviations from the mean. (xi - u) is the deviation from the mean, then squaring it, (xi - u)^2 , gives the area of that respective square. Do this for each i until reaching n, then add them all together, then dividing by n gives the average area. Square rooting the variance (the average area of squares, which we now arrange as a square) will give the length of the leg of said square holding the average area, therefore giving the average distance from the mean. Note that when using xbar rather than u, we have to apply Bessel's correction to move the variance estimate closer to the true variance (n-1). So, second moment is just an average area problem. Third moment is finding the average volume, BUT negative deviations yield negative on odd powers. So, if all negative volumes cancel with positive volumes in our centralized calculation, then we have a perfectly centered distribution. So, Mean: Finds center of mass Variance: Finds average area of squares each given by deviations from the mean Std Dev: finds length of leg of sqaure given by variance, which is therefore the avg distance from the mean Skew: averages centralized volumes then compares is to volume given by avg distance from the mean. Hence if the num > denom, we have large skew. We then apply correction for sampling. Also, Zed These videos are great. I have so many questions I would love to ask you!
@sidharthar5679 ай бұрын
Negative skew scenario was my interview question for college admission
@AmitTiwari-wf1xj5 жыл бұрын
Negative skewness eg: Marks scored by student of 50 in Math in 11th class
@gregmakov26803 жыл бұрын
negative skew is usually present in the statistics of grades in a class. Several students got bad grades, a handful amount of student got good grades, but just some of them have high grades.
@jayashrishobna4 ай бұрын
Just discovered your videos and watching all of them! As a dog owner, my dog's poop occupies unreasonably large amount of my brainspace. So- the volume of my dog's poop for any particular poop is negatively skewed. His average poop is large volume. He sometimes poops more than that, but usually not much more. In contrast, there are many more instances and range of smaller volume poops eg. when he's eaten less than usual or is constipated. Terrible example, sorry! XD
@sheshs83574 жыл бұрын
An instance of negatively skewed distribution can be "utility of an amount of money "
@ibrahimsiali24192 жыл бұрын
Oh wow, I like that observation. Very perceptive of you.
@adityabaksi6363 жыл бұрын
Dataset of the scores from an easy examination is an example of negatively skewed.
@michaelh.63084 жыл бұрын
Perhaps for unpopular athletic events where many participants are approaching what is currently possible? Say, a high-jumping hobby club. A few members are new, but most of the members have stuck around for a while and are nearing the physical limits of jump height.
@yunguzi11532 жыл бұрын
negative skew: velocity samples in a flow
@KaeAlSa Жыл бұрын
I have a real world negative skewed data set. A manufacturing production facilities throughout that isn't under control. They can only go so much over their standard rate before they hit their theoretical maximums. But they can miss it all the way down to 0.
@dr_ramy_abougreeda6 ай бұрын
A classical example of Negative Skewed distribution is the distribution of the age of old people in a party with some of their children. 😊🎉
@arjitmalhotra37542 ай бұрын
scenario for negative skew: A firm with insider information regarding a trade that the stock will go up but it goes down
@faisaltasleemft2 жыл бұрын
an unequal distribution of income... the taxation body of underdeveloped countries and developing countries also show this type of distribution as most people pay the average or low-income tax, whereas only a few people pay very high-income taxes
@walterreuther17795 ай бұрын
Negative skew looks like a hockeystick: Income, CO2, average temperature over time (these are not the typical subject of statistics I suppose) Another example could be all things associated with old age on the Y axis and old age on the X axis. (E.g. hearing loss vs. age, number of close people died vs. age etc.)
@jeet1819 Жыл бұрын
Nice, Sir, Kindly shar the pdf as well.
@m.c.degroffdavis98854 жыл бұрын
Data set with a negative skew: age at death in developed countries (y-axis) and number in population (x-axis); years of working in industry and salary (similarly, years of formal education and salary)
@user-ri7xi7up8z2 жыл бұрын
Recently I did one project on Movie rating prediction where IMDB rating was right skewed and another scenario is human mortality rate.
@cmrityun4 жыл бұрын
Another example of negetive skewness: Holidaying during the christmas time is more and slowly it slows down during the later part of the year.
@ranamaegulam3206 Жыл бұрын
This is our lesson in biostatistics, but I'm looking for a video that teaches how to explain negatively skewed or positively skewed data from a data set problem like E. coli levels in 50 beaches in a region. In highschool we are taught how to solve this, but now that I've reached college, we are more focused on explaining the answer to the solving. I hope you make a video about interpreting the results 🥲.
@ankurkulshrestha13089 ай бұрын
Example of negative skew: currency coins. Majority of them will be from last few years, you may get a little very very old but you will never get for a future date.
@ckbyrd1114 жыл бұрын
Example of negative skew - Maillard browning in food as a function of temperature. At the molecular level, most food doesn't heat evenly, so some parts will reach the threshold temp and start browning early on, but relatively few. As the food temp exceeds ~140F, more of the surface will brown. If you keep raising the temperature, the amount of brown (as measured by light absorption/reflection) will flatten out, but never reverse (the food burns and carbonizes, which is still technically brown). See e.g. www.researchgate.net/publication/223019438_Temperature_effect_on_the_non-volatile_compounds_of_Maillard_reaction_products_derived_from_xylose-soybean_peptide_system_Further_insights_into_thermal_degradation_and_cross-linking
@avi12 Жыл бұрын
0:01 When the "Skewness" blinks, the whole slide offsets by 1 pixel back and forth
@karankharayat1934 жыл бұрын
Negative skew - Selling Call and Put options. Profits are small and frequent in the form of premiums but the are small chances of a big loss.
@kahanbhalani36073 жыл бұрын
Distribution of marks of students. There might be a some students who performed considerably bad and hence the date got negatively skewed.
@paleozon11 ай бұрын
I read somewhere that cricket scores are a good example of a negatively skewed distribution. Since I am completely ignorant of the game, I can only take the author for his word!
@shantanubapat69373 жыл бұрын
for most people their investment return when they trade on their own(as opposed to indexing) will be negatively skewed.
@muznahraza35773 жыл бұрын
Example for negative skew: Education and training expenses in the life of a person
@esraaomer22273 жыл бұрын
Thank you very much your explanation is very clear👏👏
@arthigamyafinancialservice37933 жыл бұрын
That recall video omg hilarious!
@malharjajoo73934 жыл бұрын
Negative skew: output of softmax layer in Neural networks. aka overconfident predictions
@danielprager47233 жыл бұрын
Negative skewed data: Heights (or weights) for an entire country, because young people that are shorter (or lighter) are a small proportion of the total population of the country; most of the data will be taller (or heavier)
@vinayshimpi3632 Жыл бұрын
Usually entrance exams(mostly MCQ based) have negative skew
@rajeshnayak91995 жыл бұрын
Student scores is one of the situation where we see the possibility of negative skewness.
@НазираАлимжанова-ю3ь Жыл бұрын
Hello! Can you please explain building the L-moments ratio diagram for comparing best fit Probability Distribution Functions?
@marzenazygis4414 жыл бұрын
Very well explained!
@YRPortfolio4 жыл бұрын
Not sure, but perhaps temperature at which cells and viruses die. I vaguely remember proteins breaking down at around 42 Celsius
@mouradmadouni82773 жыл бұрын
Thank you very much!
@ruby_gleyzes3 жыл бұрын
Excelent video. Thanks!
@veronicanwabufo59053 жыл бұрын
Thanks Justin. Your videos are interesting and I understand Statistics more. Do you have a good advanced stat textbook you can recommend, the one that talks about the applications of statistical concepts? Thank you
@japhethchew16043 жыл бұрын
negative skew- subscribers of zstats over time
@GoMissy3 жыл бұрын
super helpful. Thanks
@moguerestherg.65474 жыл бұрын
Thank you very much.
@sahibar4 жыл бұрын
retirement age of a population.. very few people retire early.. lets say before 40, majority of the population gets retired around 55-65.
@zhuwenhao4852 Жыл бұрын
great job.
@Spacetime232 жыл бұрын
Please help me understand how the numerical formulae were derived for Skewness. I got the idea behind dividing the difference in Mean and Mode/Median by Standard Deviation for scaling purpose though !!...
@ctRonIsaac Жыл бұрын
While I am not positive, I think salaries of Undergraduates from a University would show a negative skew. We have fewer STEM students that other types of students, and their salaries are generally higher
@manishdaga2 жыл бұрын
Negative Skew = Growth of Bussiness
@maujmishra40982 жыл бұрын
Price of things that rich people buy can be an example of negative skew
@kingjohnkk2 жыл бұрын
not sure if anyone said this but a negative skew could describe population aging and death... more people die when they are older and such..
@mendezcordero3 жыл бұрын
Thanks!
@zedstatistics3 жыл бұрын
Thanks for the love, RM!
@rainjoyaman94704 жыл бұрын
How do you draw the graph of skewness based on the value of skewness? I'm confused😩
@reicutanda013 жыл бұрын
Positive Skewness Example: My Motivation In Life To Exist
@kumuthaailangovan50653 жыл бұрын
Example of negatively skewed: Cost of a bitcoin from the year 2010 to 2020
@satyajitdash39673 жыл бұрын
Demand of Air Conditioners over the years or Demand of Sanitizer in year 2020
@KevinNguyenSESE Жыл бұрын
Negative Skew can result for the duration of subscription services.
@davidlocke49775 жыл бұрын
The notion of growth insists on an exponential curve, but game theory insists that exponential growth exceeds the game-theoretic value of the game. We see this in every boom/bust cycle.
@ayushbhattacharya28942 жыл бұрын
How about the price of items in a super high-end fashion store. Most items will be in the very high price range, and only a few items will have a low price resulting in a negative skew.
@rehankazi35322 жыл бұрын
number of death by year.is a negative skewed.
@Alias.Nicht.VerfügbarАй бұрын
thanks!
@luiscarlospallaresascanio2374 Жыл бұрын
Que programa usar para las presentaciones?
@mywayvideo30044 жыл бұрын
negative skew:a running business with stable or even increasing profits for years, but suddenly went to bankruptcy in 2008
@raghuttamarao Жыл бұрын
Negative skew is a typical representation of credit loss in a portfolio of loans or bonds.
@wesr9258 Жыл бұрын
Scenario for negative skew: the PDF of the altitude of a point on a mountain that looks like this ____/\.
@JonhMalcovich4 жыл бұрын
Excelent!
@thumpinhippo Жыл бұрын
@zedstatistics Thank You!! Great video. Can you help me understand what is a large or small sample in terms of when the mode is in/reliable?
@thumpinhippo Жыл бұрын
Un/reliable*
@hamiltonfarias24445 жыл бұрын
Negative skew: Sale of sunscreen due to temperature. In the end the temperature is so high that people don't buy and prefer to stay home.
@parthpardeshi13304 жыл бұрын
So you're saying that as the temperature rises (on the X - Axis), number of people buying the sunscreen will gradually increase simultaneously (on the Y - Axis), right? I think that's a good example but I think that it'll be better if we represent "number of days into the summer season" on the X - axis. So as people move further into the season (i.e. more and more hot days pass, assuming the temperature keeps increasing little by little), their need for sunscreen will increase gradually. But as they reach the end of the season they'll prefer to adjust with the already bought sunscreen and try to pass through the season with them. So this will cause a sudden drastic drop in the in the sales of sunscreen as people wouldn't prefer to buy a new bottle knowing it won't be used completely.