High order cumulants

Source: forexautomaton.com

Cumulants are statistical measures of correlation designed to go to zero whenever any one or more quantities under study become statistically independent of the rest. Cumulants generalize the concept of a correlation measure; in particular, a correlation of two bodies, quantities and so on, the most intuitive one, can be represented and measured by the second-order cumulant. Higher orders can be conceived.


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