I have some burning questions about the subject mentioned above.
Firstly, is a normal distribution with kurtosis of 3 considered a skinny or normal tailed distribution?
How can i also visualize leptokurtosis as being fat tailed? As df increases or decreases beyond the normal distribution, how does this translate to distribution becoming fat or skinny tailed?
Does skinny tailed = light tailed and heavy tailed = fat tailed?
Wonder why there are so many definitions. I know it is easier than it sounds but I want to clarify.. Thanks!