Jarque-Bera diagnostic
- Input
- Values: 1, 2, 3, 4, 5, 6, 7, 8.
- Method
- Compute skewness, kurtosis, and compare departures against normal-distribution expectations.
- Formula
- JB = n/6 * (S^2 + (K - 3)^2/4)
- Intermediate steps
- S is sample skewness
- K is kurtosis
- JB increases as skewness or kurtosis departs from normal expectations
- Final result
- The tool reports JB statistic and p-value.
- Interpretation
- A low p-value signals evidence against normality for this diagnostic.
- Limitation
- A high p-value does not prove normality.