Beta (Generalized) Distribution In probability theory and statistics, the Beta distribution is a family of continuous probability distributions defined on the interval [0,1] parameterized by two non-negative shape parameters, typically denoted by alpha and beta.
This is a generalized version of the Beta distribution with dynamic interval defined by parameters min and max.
f(x,alpha,beta,min,max) = ( ( ( (x-min)/(max-min) ) ^(alpha-1) )*(1-( (x-min)/(max-min) ) )^ (beta-1))/(Beta(alpha,beta)-min/(max-min) )
where Beta (the beta function) is a normalization constant to ensure that the total probability is 1 and has next formula
Beta(alpha,beta) = integral from 0 to 1 of t^(alpha-1)*(1-beta)^(alpha-1) dt support [min ⇐ x ⇐ max]
Parameter | Description | Default value |
---|---|---|
alpha | The first shape parameter | 2.0 |
beta | The second shape | 2.0 |
Min | The minimum value) | 0.0 |
Max | The maximum value | 1.0 |