What is lyptokurtic?

Answer 1

Lyptokurtic refers to a statistical distribution that has a lower peak and thicker tails compared to a normal distribution. This type of distribution indicates that data points are more spread out from the mean, leading to a higher likelihood of extreme values. In contrast to leptokurtic distributions, which have sharper peaks and fatter tails, lyptokurtic distributions reflect lower kurtosis values, suggesting less volatility in the data.