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Taraldsen's Exact Correlation Density

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  • Hrishikesh Vinod

    (Fordham University, Department of Economics)

Abstract

This short paper serves as a vignette for the R package "practicalSigni" describing the usage of pvTarald() and qTarald(), respectively, for computing the p-values and quantiles of Taraldsen's new exact sampling distribution of Pearson correlation coefficient and its generalized versions. A new table allows practitioners to see one-sided critical values from Taraldsen's (2023) exact sampling distribution, which generalizes Fisher's z-transform. It computes p-values and quantiles for the arbitrary hypothesized value of the population correlation coefficient, Ï âˆˆ [−1, 1].

Suggested Citation

  • Hrishikesh Vinod, 2023. "Taraldsen's Exact Correlation Density," Fordham Economics Discussion Paper Series dp2023-10er:dp2023-10, Fordham University, Department of Economics.
    • Handle: RePEc:frd:wpaper:dp2023-10er:dp2023-10
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    File URL: https://archive.fordham.edu/ECONOMICS_RESEARCH/PAPERS/dp2023_10_vinod.pdf
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    References listed on IDEAS

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    1. Vinod, Hrishikesh D. & Lopez-de-Lacalle, Javier, 2009. "Maximum Entropy Bootstrap for Time Series: The meboot R Package," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 29(i05).
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    JEL classification:

    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation

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