Moments are the sum of the deviations. It is the sum of the deviation is also known as the first moment of dispersion. It is the sum of the deviations of the items of a series from mean of the series, divided by the total number of items in the distribution. In other words, it is the average deviation of the items from the mean. The arithmetic means of the various powers of the deviations of the items in a distribution are called the moments of the distribution.
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