Moments for a bivariate beta distribution

A common choice for a probability distribution of a probability is the beta distribution. It has the required support between 0 and 1, and with its two parameters we can obtain a pretty wide qualitative range for the probability density function. What should we do if we want to create correlated probabilities? We might look for some kind of multivariate generalisation of the beta distribution, … Continue reading Moments for a bivariate beta distribution