Analytic posteriors for Pearson's correlation coefficient
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Publication:6089157
Abstract: Pearson's correlation is one of the most common measures of linear dependence. Recently, Bernardo (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.
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Cited in
(8)- Robust coefficients of correlation or spatial autocorrelation based on implicit weighting
- Objective Bayesian testing for the correlation coefficient under divergence-based priors
- The minimum Bayes factor hypothesis test for correlations and partial correlations
- Bayesian rank-based hypothesis testing for the rank sum test, the signed rank test, and Spearman's \(\rho\)
- Multiple Perspectives on Inference for Two Simple Statistical Scenarios
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- Analytic posterior distribution and Bayes factor for Pearson partial correlations
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