Mesokurtic - definition of mesokurtic by The Free Dictionary
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(of a distribution) having kurtosis B2
= 3, concentrated around its mean like a normal distribution. Compare leptokurtic
[C20: from meso- + Greek kurtos arched, bulging + -ic]
References in periodicals archive
kur] = 3: mesokurtic
distribution(normally distributed surface)
In fact, it is not even necessary for the distribution of returns to be symmetric or mesokurtic
since the criterion explicitly incorporates the third and fourth moments of the distribution, a highly desirable property which allows for nonparametric empirical applications.
The normal distribution is mesokurtic
when the kurtosis is equal to 3 because the values are close to the central value.