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This tag indicates questions about definitions of statistical terms. Use a more general tag [terminology] for questions on statistical parlance that are not specifically about definitions.
238
votes
Accepted
What is the difference between fixed effect, random effect in mixed effect models?
This definition is standard in the multilevel modeling literature (see, for example, Snijders and Bosker, 1999, Section 4.2) and in econometrics. …
9
votes
Accepted
What practical implications/interpretations are there of a kurtotic distribution?
The kurtosis also indicates the "fat tailedness" of the distribution. A distribution with high kurtosis will have many extreme events (events far away from the center) and many "typical" events (event …