In descriptive statistics, summary statistics are used to summarize a set of observations, in order to communicate the largest amount as simply as possible. Statisticians commonly try to describe the observations in
- a measure of location, or central tendency, such as the arithmetic mean
- a measure of statistical dispersion like the standard deviation
- a measure of the shape of the distribution like skewness or kurtosis
- if more than one variable is measured, a measure of statistical dependence such as a correlation coefficient
Examples of summary statistics
Common measures of statistical dispersion are the standard deviation, variance, range, interquartile range, absolute deviation and the distance standard deviation. Measures that assess spread in comparison to the typical size of data values include the coefficient of variation.
Common measures of the shape of a distribution are skewness or kurtosis, while alternatives can be based on L-moments. A different measure is the distance skewness, for which a value of zero implies central symmetry.
The common measure of dependence between paired random variables is the Pearson product-moment correlation coefficient, while a common alternative summary statistic is Spearman's rank correlation coefficient. A value of zero for the distance correlation implies independence.
- Upton, G., Cook, I. (2006). Oxford Dictionary of Statistics, OUP. ISBN 978-0-19-954145-4