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arxiv: 1406.5881 · v2 · pith:UTATLPOBnew · submitted 2014-06-23 · 📊 stat.ME · math.ST· stat.TH

Constructions for a bivariate beta distribution

classification 📊 stat.ME math.STstat.TH
keywords distributionbetabivariatebinomialprobabilitybasicconstructionscorrelations
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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.

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