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Possible Answers:
SKEW.
Last seen on: –Daily Boston Globe Crossword Monday, 18 December 2023
Vox Crossword Monday, January 16, 2023
Random information on the term “SKEW”:
Skewness risk in financial modeling is the risk that results when observations are not spread symmetrically around an average value, but instead have a skewed distribution. As a result, the mean and the median can be different. Skewness risk can arise in any quantitative model that assumes a symmetric distribution (such as the normal distribution) but is applied to skewed data.
Ignoring skewness risk, by assuming that variables are symmetrically distributed when they are not, will cause any model to understate the risk of variables with high skewness.
Skewness risk plays an important role in hypothesis testing. The analysis of variance, one of the most common tests used in hypothesis testing, assumes that the data is normally distributed. If the variables tested are not normally distributed because they are too skewed, the test cannot be used. Instead, nonparametric tests can be used, such as the Mann–Whitney test for unpaired situation or the sign test for paired situation.