ELI5: Explain Like I'm 5

Moment generating function

Imagine you have a magic machine that takes a bunch of numbers and magically turns them into one super special number. That's kind of like what a moment generating function does!

Basically, if you have a bunch of numbers (like maybe how much money you made each week at your lemonade stand), you can use the moment generating function to find one special number that tells you a lot about all those other numbers.

This special number is called the "moment," and it helps you see things like how spread out your numbers are or how much they tend to be different from the average.

So, in summary, a moment generating function is a magic machine that takes a bunch of numbers and turns them into one super special number called a "moment" that helps you understand things about all those other numbers!