Power Pivot Principles: The A to Z of DAX Functions – BETA.INV
2 November 2021
In our long-established Power Pivot Principles articles, we continue our series on the A to Z of Data Analysis eXpression (DAX) functions. Things continue to get BETA…
In probability theory and statistics, the beta distribution is a family of continuous probability distributions defined on the interval [0, 1] parameterised by two positive shape parameters, denoted by α (alpha) and β (beta), that appear as exponents of the random variable and control the shape of the distribution. It has nothing to do with either the beta function (Euler integral) used in other areas of mathematics or the beta cited as the scalar in the Capital Asset Pricing Model.
The beta distribution has been applied to model the behavior of random variables limited to intervals of finite length in a wide variety of disciplines. For example, it has been used as a statistical description of allele frequencies in population genetics, time allocation in project management / control systems, sunshine data, variability of soil properties, proportions of the minerals in rocks in stratigraphy and heterogeneity in the probability of HIV transmission. Who’d have thought statistics and Excel could be so interesting?
In Bayesian inference, the beta distribution is the conjugate prior probability distribution for the Bernoulli, binomial, negative binomial and geometric distributions. For example, the beta distribution can be used in Bayesian analysis to describe initial knowledge concerning probability of success such as the probability that a space vehicle will successfully complete a specified mission. The beta distribution is a suitable model for the random behavior of percentages and proportions.
The usual formulation of the beta distribution is also known as the beta distribution of the first kind, whereas beta distribution of the second kind is an alternative name for the beta prime distribution.
The BETA.INV function returns the inverse of the beta cumulative probability density function (BETA.DIST).
If probability = BETA.DIST(x,...TRUE), then BETA.INV(probability,...) = x. The beta distribution can be used in project planning to model probable completion times given an expected completion time and variability.
The BETA.INV function employs the following syntax to operate:
BETA.INV(probability, alpha, beta, [A], [B])
The BETA.INV function has the following arguments:
- probability: required. This represents a probability associated with the beta distribution
- alpha: also required. This is a parameter of the distribution
- beta: required. This is also a parameter the distribution
- A: optional. This is a lower bound to the interval of x
- B: this is also optional. This is an upper bound to the interval of x.
It should be further noted that:
- if any argument is nonnumeric, BETA.INV returns the #VALUE! error value
- if alpha ≤ 0 or beta ≤ 0, BETA.INV returns the #NUM! error value
- if probability ≤ 0 or probability > 1, BETA.INV returns the #NUM! error value
- if you omit values for A and B, BETA.INV uses the standard cumulative beta distribution, so that A = 0 and B = 1
- this function is not supported for use in DirectQuery mode when used in calculated columns or row-level security (RLS) rules.
Given a value for probability, BETA.INV seeks that value x such that BETA.DIST(x, alpha, beta, TRUE, A, B) = probability. Thus, precision of BETA.INV depends upon the precision of BETA.DIST.
Here’s an example:
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