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A copula is a multivariate distribution with uniform marginal distributions. Copulas are mostly used to represent or to model the structure of dependence between random variables, separately from the marginal distributions.
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Creating a bivariate distribution with one customized marginal distribution
Note, if you are interested in seeing what I have attempted to try and model this:
This is the same data in the previous question I posted:
Copula for non-standard distributions in R
In that question …
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Copula for non-standard distributions in R
I've been folling the tutorial here:
https://www.r-bloggers.com/how-to-fit-a-copula-model-in-r-heavily-revised-part-2-fitting-the-copula/
Using the copula and VineCopula packages, using BiCopSelect, … So running BiCopSelect again but this time having the input parameter familyset = c(1,2,3,4,5,6,7) , restricting to the standard family types, it tells me I should use Bivariate copula: Frank (par = -0.23 …