LOR18: Introducing (simple) moments

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LOR18: Introducing (simple) moments

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In this episode we introduce moments, the bedrock of studying random variables and risk.
We begin with a concise overview, then zero in on simple (raw) moments, the foundation upon which central and standardized moments are built. You’ll learn how to compute an expected value (the first moment) and how to extend the same principles to higher-order simple moments.
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