Aufsatz(elektronisch)#15. Juli 2017
Analytic posteriors for Pearson's correlation coefficient
In: Statistica Neerlandica: journal of the Netherlands Society for Statistics and Operations Research, Band 72, Heft 1, S. 4-13
ISSN: 1467-9574
Pearson's correlation is one of the most common measures of linear dependence. Recently, Bernardo (11th International Workshop on Objective Bayes Methodology, 2015) introduced a flexible class of priors to study this measure in a Bayesian setting. For this large class of priors, we show that the (marginal) posterior for Pearson's correlation coefficient and all of the posterior moments are analytic. Our results are available in the open‐source software package JASP.