ON THE RANGE OF CORRELATION COEFFICIENTS OF BIVARIATE ORDERED
DISCRETE RANDOM VARIABLES
Keyword(s):
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.
1978 ◽
Vol 15
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pp. 304-308
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1964 ◽
Vol 24
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pp. 85-90
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2010 ◽
Vol 140
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pp. 1410-1416
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1980 ◽
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pp. 599-609
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2019 ◽
Vol 23
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pp. 340-354
2011 ◽
Vol 189-193
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pp. 1538-1542