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In probability theory and statistics, the beta distribution is a family of continuous probability distributions defined on the interval [0, 1] or (0, 1) in terms of two positive parameters, denoted by alpha (α) and beta (β), that appear as exponents of the variable and its complement to 1, respectively, and control the shape of the distribution.
In finance, the beta (β or market beta or beta coefficient) is a statistic that measures the expected increase or decrease of an individual stock price in proportion to movements of the stock market as a whole. Beta can be used to indicate the contribution of an individual asset to the market risk of a portfolio when it is added in small ...
In statistics, standardized (regression) coefficients, also called beta coefficients or beta weights, are the estimates resulting from a regression analysis where the underlying data have been standardized so that the variances of dependent and independent variables are equal to 1. [ 1] Therefore, standardized coefficients are unitless and ...
In statistical hypothesis testing, a type I error, or a false positive, is the rejection of the null hypothesis when it is actually true. For example, an innocent person may be convicted. A type II error, or a false negative, is the failure to reject a null hypothesis that is actually false. For example: a guilty person may be not convicted.
Beta regression is a form of regression which is used when the response variable, , takes values within (,) and can be assumed to follow a beta distribution. [1] It is generalisable to variables which takes values in the arbitrary open interval ( a , b ) {\displaystyle (a,b)} through transformations. [ 1 ]
In probability theory and statistics, the beta-binomial distribution is a family of discrete probability distributions on a finite support of non-negative integers arising when the probability of success in each of a fixed or known number of Bernoulli trials is either unknown or random. The beta-binomial distribution is the binomial ...
In statistics, the k th order statistic of a statistical sample is equal to its k th-smallest value. [ 1 ] Together with rank statistics, order statistics are among the most fundamental tools in non-parametric statistics and inference . Important special cases of the order statistics are the minimum and maximum value of a sample, and (with some ...
Beta function. Contour plot of the beta function. In mathematics, the beta function, also called the Euler integral of the first kind, is a special function that is closely related to the gamma function and to binomial coefficients. It is defined by the integral. for complex number inputs such that . The beta function was studied by Leonhard ...