Bounded Distributions place Limits on Skewness and Larger Moments

Abstract: Distributions of strictly positive numbers are common and can be characterized by standard statistical measures such as mean, standard deviation, and skewness. We demonstrate that for these distributions the skewness $D_3$ is bounded from below by a function of the coefficient of variation (CoV) $\delta$ as $D_3 \ge \delta-1/\delta$. The results are extended to any distribution that is bounded with minimum value $x_{\rm min}$ and/or bounded with maximum value $x_{\rm max}$. We build on the results to provide bounds for kurtosis $D_4$, and conjecture analogous bounds exists for higher statistical moments.