From AMS Glossary
- The product of a distance and another parameter.
The moment may be about a point, line, or plane; if the parameter is a vector, the moment is the vector product of the vector distance from the point, line, or plane, into the parameter. Thus, the moment of the momentum of a fluid parcel per unit volume about an axis is r × ρu, where r is the vector from axis to the parcel, ρ the density, and u the velocity vector of the parcel; this is also called the angular momentum. The moment of a force F about an axis is r × F, called the torque. The second moment of a parameter is the moment of the first moment, and so on, for higher moments.
The symbol μn′ (or νn) is used for a raw moment as distinguished from the corresponding central moment μn taken about the mean μ. Thus the raw moments arewhere E(xn) is the expected value of the variate x to the nth power. In particular, μ0′ ≡ 1 and μ1′ ≡ ν1 ≡ μ. The central moments arewhere E[(x - μ)n] is the expected value of the nth power of the deviation of the variate from its mean. In particular, μ0 ≡ 1, μ1 ≡ 0, μ2 ≡ σ2, where σ2 is the variance.