Hostname: page-component-cd9895bd7-7cvxr Total loading time: 0 Render date: 2024-12-27T17:57:55.541Z Has data issue: false hasContentIssue false
  • English
  • Français

ON THE RANGE OF CORRELATION COEFFICIENTS OF BIVARIATE ORDERED DISCRETE RANDOM VARIABLES

Published online by Cambridge University Press:  07 February 2001

Lung-fei Lee
Lung-fei Lee
Affiliation:
The Ohio State University
Get access Rights & Permissions [Opens in a new window]

Abstract

The range of correlation coefficient of any bivariate discrete random vector with finite or countably infinite values is derived. We show analytically that the normal-transformed discrete bivariate probability system of Van Ophem (1999, Econometric Theory 15, 228–237) has a flexible correlation coefficient. We establish the strictly monotonic relation of its correlation coefficient with the bivariate normal correlation-coefficient parameter in the system.

Type
Research Article
Information
Econometric Theory , Volume 17 , Issue 1 , February 2001 , pp. 247 - 256
Copyright
© 2001 Cambridge University Press

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)