|Definition||:||Lorenz Asymmetry Coefficient|
|Category||:||Academic & Science » Mathematics|
What does LAC mean?
Lorenz Asymmetry Coefficient (LAC) is a summary statistic of the Lorenz curve that measures the degree of asymmetry of the curve. It is used in the analysis of wealth or income inequality within the population.
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Frequently Asked Questions (FAQ)
What is the full form of LAC in Statistics?
The full form of LAC is Lorenz Asymmetry Coefficient