What are Moments in Statistics? Why are they called Moments?

The video explains what are moments in statistics and why they are called moments. Four moments in statistics are discussed and an intuition behind the concept is provided. Chapters: 00:00 : Introduction 01:03 : Moments (Introduction to Concept) 02:50 : Moments (Introduction in Statistics) 03:33 : First Moment of Statistics 04:28 : Second Moment of Statistics 07:44 : Higher Order Moments 07:54 : Third Order Moment 08:07 : Fourth Order Moment 08:34 : Raw and Centered Moments 08:56 : More intuition on Third and Fourth Moment 13:32 : Moment with Sampling Adjustment and Summary Sound effects from https://quicksounds.com The channel is agenda-free and not sponsored by anyone. If you appreciate the content and want to support the channel you can always 'buy me a coffee' by clicking on the link below: https://www.buymeacoffee.com/learning... Connect with me on - Facebook :   / learningpuree   Twitter :   / learningpuree   Instagram :   / learningpuree