|
Parameters |
probability of success (\(p\)) |
|
Kernel |
\(p^{x}(1-p)^{1-x}\) |
|
Support |
0 or 1 |
|
Mean |
\(p\) |
|
Variance |
\(p(1-p)\) |
|
Main Uses |
Realizations of 0-1 valued variables (usually latent regimes) |
|
Random Draws |
%RANFLIP(p) is a draw from a Bernoulli(p) (returning 0 or 1).
%RANBRANCH(||p1,p2||) draws one or more independent trials with (integer) values 1 or 2. The probability of 1 is \(\dfrac{p1}{p1+p2}\) and the probability of 2 is \(\dfrac{p2}{p1+p2}\). (Thus, you only need to compute the relative probabilities of the two states). The 1-2 coding is used because %RANBRANCH extends to more than two choices. |
Copyright © 2025 Thomas A. Doan