Beta Scaled Distribution#
Univariate, Continuous, Bounded, Symmetric (when α = β)
The Beta scaled distribution is a continuous probability distribution similar to the Beta distribution but instead of being bounded between 0 and1 it is bounded between \(lower\) and \(upper\). It is usually defined by two positive shape parameters: (\(\alpha\)) and (\(\beta\)). But other parametrization like mean (\(\mu\)) and concentration (\(\nu\)) are also common.
The Beta scaled distribution can adopt a wide range of “shapes” including uniform, U-shape, normal-like, exponential-like, and many others, always restricted to a given interval. This flexibility makes it a versatile choice for modeling random variables that are known to be bounded like percentages, grades, some physical quantities like temperature of liquid water at a given pressure.
Key properties and parameters#
Support |
\(x \in (lower, upper)\) |
Mean |
\(\dfrac{\alpha}{\alpha + \beta} (upper-lower) + lower\) |
Variance |
\(\dfrac{\alpha \beta}{(\alpha+\beta)^2(\alpha+\beta+1)} (upper-lower)\) |
Parameters:
\(\alpha\) : (float) Shape parameter, \(\alpha > 0\).
\(\beta\) : (float) Shape parameter, \(\beta > 0\).
\(lower\) : (float) Lower bound of the distribution, \(lower < upper\).
\(upper\) : (float) Upper bound of the distribution, \(upper > lower\).
Probability Density Function (PDF)#
where \(B(\alpha,\beta)\) is the Beta function
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Cumulative Distribution Function (CDF)#
where \(y\) is the scaled variable \(y = \frac{(x - lower)}{(upper - lower)}\). \(B(x;\alpha,\beta)\) is the Incomplete beta function and \(I_x(\alpha,\beta)\) is the regularized incomplete beta function.
See also
Related Distributions:
Beta - A Beta scaled distribution with \(lower=0\) and \(upper=1\).
Kumaraswamy - It is similar to the Beta scaled distribution, but restricted to the [0, 1] interval and with closed form expression for its probability density function, cumulative distribution function and quantile function.
Uniform - The Uniform distribution on the interval \([lower, upper]\) is a special case of the Beta scaled distribution with \(\alpha = \beta = 1\).
References#
Wikipedia - Beta distribution with four parameters