What is the common choice of distribution to fit skewed data? I am in the process of studying the effect of skew on qqplot (and varies other). So I want to know the standard version of skewed distribution.
Ideally it should have mean, variance parameter just like a normal distribution. But an extra skewness control parameter.
Ideally it should have 1st, 2nd, 3rd moment non-zero, but every other moment above are 0.
Does such distribution exist? I find skewed normal, but it seems overly complex and does not have 4th moment =0.
Same applies to a $\text{standard kurtosis} \not= 0$ distribution, where we can set kurtosis freely. Does such distribution exist?