
arXiv: 1406.5881
The beta distribution is a basic distribution serving several purposes. It is used to model data, and also, as a more flexible version of the uniform distribution, it serves as a prior distribution for a binomial probability. The bivariate beta distribution plays a similar role for two probabilities that have a bivariate binomial distribution. We provide a new multivariate distribution with beta marginal distributions, positive probability over the unit square, and correlations over the full range. We discuss its extension to three or more dimensions.
10 pages, 1 table, 1 figure
FOS: Computer and information sciences, Measures of association (correlation, canonical correlation, etc.), bivariate families, Bayesian analysis, Dirichlet distribution, Mathematics - Statistics Theory, Statistics Theory (math.ST), Methodology (stat.ME), bivariate beta distribution, Characterization and structure theory of statistical distributions, FOS: Mathematics, Statistics - Methodology, hypergeometric functions
FOS: Computer and information sciences, Measures of association (correlation, canonical correlation, etc.), bivariate families, Bayesian analysis, Dirichlet distribution, Mathematics - Statistics Theory, Statistics Theory (math.ST), Methodology (stat.ME), bivariate beta distribution, Characterization and structure theory of statistical distributions, FOS: Mathematics, Statistics - Methodology, hypergeometric functions
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