Papadatos, Nickos and Xifara, Tatiana (2013) A simple method for obtaining the maximal correlation coefficient and related characterizations. Journal of Multivariate Analysis, 118. pp. 102-114.
Full text not available from this repository.Abstract
We provide a method that enables the simple calculation of the maximal correlation coefficient of a bivariate distribution, under suitable conditions. In particular, the method readily applies to known results on order statistics and records. As an application we provide a new characterization of the exponential distribution: Under a splitting model on independent identically distributed observations, it is the (unique, up to a location-scale transformation) parent distribution that maximizes the correlation coefficient between the records among two different branches of the splitting sequence.