Description Usage Arguments Value Details
Function to calculate the alpha and beta parameters of the Beta distribution based on the method of moments using the mean μ and standard deviation σ of the random variable of interest.
1 |
mean |
Mean of the random variable. |
sigma |
Standard deviation of the random variable (i.e., standar error). |
alpha Alpha parameter of beta distribution
beta Beta parameter of beta distribution
Based on methods of moments. If μ is the mean and σ is the standard deviation of the random variable, then
α = (\frac{1-μ}{σ^2} - \frac{1}{μ}) μ^2
and
β = α (\frac{1}{μ} -1)
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