Computes the skewness of a dataset, providing insight into the distribution’s symmetry around the mean.
The SKEW function in Excel is a statistical tool that helps to assess the asymmetry of a distribution of data points. This function calculates the skewness of a dataset, indicating whether the data is skewed to the left (negative skewness) or to the right (positive skewness). It’s essential for data analysis, as it provides insights into the behavior of data, which can impact interpretations and conclusions drawn from it.