Veni, Arakelian; Dimitris, Karlis - Society for Computational Economics - SCE - 2006
Copulas have become recently a field of great importance due to their ability to describe complicated dependence … structures. In particular, copulas model separate the marginal properties and the existing dependence of the data, allowing for … flexible and realistic modelling far from simplistic assumptions like normality and linear dependence. Using copulas, the joint …