I'm trying to calculate the first few cumulants of a random variable using $Z$-scores.
The situation
Suppose we have a random variable $X$ with mean $\mu$ and standard deviation $\sigma$, and define the $Z$-score
$$Z = \frac{X - \mu}{\sigma}.$$
I know that the first two cumulants are $\kappa_1 = \mu$ and $\kappa_2 = \sigma^2$, and I'd like to calculate some more cumulants.
The formulas I'm trying to use
The Wikipedia article about cumulants states that some of the higher cumulants can be written in terms of standardized central moments, giving the following formulas:
- $\kappa_3=\mu_3$
- $\kappa_4=\mu_4-3$
- $\kappa_5=\mu_5-10\mu_3$
As far as I know, the $k$th standardized moment for $k \ge 3$ is simply $E(Z^k)$ (with $Z$ as defined above), which led me to believe that the formulas for these cumulants were:
- $\kappa_3=E(Z^3)$
- $\kappa_4=E(Z^4)-3$
- $\kappa_5=E(Z^5)-10 E(Z^3)$
The problem
whuber pointed out in a comment that, as stated by Wolfram MathWorld, a Poisson distribution has all cumulants equal to $\lambda$. However, according to the formulas in the above list, the third cumulant is $E(Z^3)$, which is simply the skewness, and the skewness of a Poisson distribution is $\lambda^{-1/2}$. So, these formulas give the wrong third cumulant for all Poisson distributions with $\lambda \ne 1$.
The correct formulas?
The answers on "Name of third cumulant?" seem to suggest that the above formulas are actually for the so-called standardized cumulants $\kappa_3/\sigma^3$, $\kappa_4/\sigma^4$, and so forth. That implies that the correct formulas for these cumulants are:
- $\kappa_3=\sigma^3 E(Z^3)$
- $\kappa_4=\sigma^4 (E(Z^4)-3)$
- $\kappa_5=\sigma^5 (E(Z^5)-10 E(Z^3))$
Is this correct?
(Perhaps Wikipedia should be edited to change "To express the cumulants [...] as functions of the standardized central moments" so that it says "To express the standardized cumulants [...] as functions of the standardized central moments"?)