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Lorenz curve is a measure of : ans central tendency dispersion skewness kurtosis
Lorenz curve is a measure of : Ans Central Tendency Dispersion Skewness Kurtosis
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Nidhi taparia Best Answer
The answer according to me should be 2. dispersion. It must be noted that Lorenz curve is a measure of income inequality. Lorenz curve is a type of absolute measure of dispersion. Unlike others, it is a graphical measure of dispersion. Lorenz curve graphically represents the actual curve and a line of equal distribution and exhibits the deviation between these two. By and large, the deviation of an actual curve from the line of equal distribution is termed as the Lorenz coefficient. Larger is the distance of Lorenz curve from the line of equal distribution, greater is the Lorenz coefficient along with the degree of scattering and inequality within the distribution.