What is the Bera-Jarque statistic?
The Bera-Jarque statistic combines skewness and kurtosis into a single measurement, and determines whether kurtosis is unusually different from its expected value.
It is calculated as T/6[skewness^2 + (kurtosis^2/4)]
If the Bera-Jarque statistic is less than 5.99, the returns are considered normally distributed.
The Intelligent Investor: The Classic Text on Value Investing
Financial Statement Analysis: A Practitioner's Guide, 3rd Edition
Managing Investment Portfolios: A Dynamic Process (CFA Institute Investment Series)
