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Asymmetry is an inherent property of bivariate associations and therefore must not be ignored. The currently applicable dependence measures mask the potential asymmetry of the underlying dependence structure by implicitly assuming that…

Applications · Statistics 2019-02-14 Robert R. Junker , Florian Griessenberger , Wolfgang Trutschnig

So far, one-factor copulas induce conditional independence with respect to a latent factor. In this paper, we extend one-factor copulas to conditionally dependent models. This is achieved through new representations which allow to build new…

Methodology · Statistics 2016-12-12 Nathan Uyttendaele , Gildas Mazo

Generalized additive models for location, scale and shape (GAMLSS) are a popular extension to mean regression models where each parameter of an arbitrary distribution is modelled through covariates. While such models have been developed for…

Methodology · Statistics 2024-12-02 Lucas Kock , Nadja Klein

We propose a flexible Bayesian approach for estimating the joint density of a multivariate outcome of interest in the presence of categorical covariates. Leveraging a Gaussian copula framework, our method effectively captures the dependence…

Methodology · Statistics 2026-04-10 Giovanni Toto , Peter Müller , Abhra Sarkar

We propose a model to flexibly estimate joint tail properties by exploiting the convergence of an appropriately scaled point cloud onto a compact limit set. Characteristics of the shape of the limit set correspond to key tail dependence…

Methodology · Statistics 2025-04-07 Reetam Majumder , Benjamin A. Shaby , Brian J. Reich , Daniel Cooley

Copulas have now become ubiquitous statistical tools for describing, analysing and modelling dependence between random variables. Sklar's theorem, "the fundamental theorem of copulas", makes a clear distinction between the continuous case…

Methodology · Statistics 2019-02-12 Gery Geenens

We introduce a new class of multivariate elliptically symmetric distributions including elliptically symmetric logistic distributions and Kotz type distributions. We investigate the various probabilistic properties including marginal…

Statistics Theory · Mathematics 2020-08-04 Yeshunying Wang , Chuancun Yin

Despite the fact that copulas are commonly considered as analytically smooth/regular objects, derivatives of copulas have to be handled with care. Triggered by a recently published result characterizing multivariate copulas via…

Statistics Theory · Mathematics 2024-08-13 Nicolas Dietrich , Wolfgang Trutschnig

This article presents factor copula approaches to model temporal dependency of non-Gaussian (continuous/discrete) longitudinal data. Factor copula models are canonical vine copulas which explain the underlying dependence structure of a…

Methodology · Statistics 2025-02-18 Subhajit Chattopadhyay

Bayesian computation for filtering and forecasting analysis is developed for a broad class of dynamic models. The ability to scale-up such analyses in non-Gaussian, nonlinear multivariate time series models is advanced through the…

Methodology · Statistics 2022-06-07 Isaac Lavine , Andrew Cron , Mike West

The concept of intermediate tail dependence is useful if one wants to quantify the degree of positive dependence in the tails when there is no strong evidence of presence of the usual tail dependence. We first review existing studies on…

Methodology · Statistics 2012-12-05 Lei Hua , Harry Joe

Normal copula with a correlation coefficient between $-1$ and $1$ is tail independent and so it severely underestimates extreme probabilities. By letting the correlation coefficient in a normal copula depend on the sample size, H\"usler and…

Methodology · Statistics 2016-05-04 Xin Liao , Liang Peng , Zuoxiang Peng , Yanting Zheng

Gaussian factor models have proven widely useful for parsimoniously characterizing dependence in multivariate data. There is a rich literature on their extension to mixed categorical and continuous variables, using latent Gaussian variables…

Methodology · Statistics 2013-01-14 Jared S. Murray , David B. Dunson , Lawrence Carin , Joseph E. Lucas

We introduce a new copula-based correction for generalized linear mixed models (GLMMs) within the integrated nested Laplace approximation (INLA) approach for approximate Bayesian inference for latent Gaussian models. While INLA is usually…

Computation · Statistics 2015-12-16 Egil Ferkingstad , Håvard Rue

We propose a copula-based measure of asymmetry between the lower and upper tail probabilities of bivariate distributions. The proposed measure has a simple form and possesses some desirable properties as a measure of asymmetry. The limit of…

Methodology · Statistics 2020-08-05 Shogo Kato , Toshinao Yoshiba , Shinto Eguchi

We present a joint copula-based model for insurance claims and sizes. It uses bivariate copulae to accommodate for the dependence between these quantities. We derive the general distribution of the policy loss without the restrictive…

Statistics Theory · Mathematics 2012-09-25 Nicole Kraemer , Eike C. Brechmann , Daniel Silvestrini , Claudia Czado

We propose a new multivariate dependency measure. It is obtained by considering a Gaussian kernel based distance between the copula transform of the given d-dimensional distribution and the uniform copula and then appropriately normalizing…

Statistics Theory · Mathematics 2019-11-12 Angshuman Roy , Alok Goswami , C. A. Murthy

We construct new multivariate copulas on the basis of a generalized infinite partition-of-unity approach. This approach allows - in contrast to finite partition-of-unity copulas - for tail-dependence as well as for asymmetry. A possibility…

Risk Management · Quantitative Finance 2020-12-17 Dietmar Pfeifer , Hervé Awoumlac Tsatedem , Andreas Mändle , Côme Girschig

We study asymptotic properties of Bayesian multiple testing procedures and provide sufficient conditions for strong consistency under general dependence structure. We also consider a novel Bayesian multiple testing procedure and associated…

Statistics Theory · Mathematics 2020-05-15 Noirrit K. Chandra , Sourabh Bhattacharya

Co-compact entropy is introduced as an invariant of topological conjugation for perfect mappings defined on any Hausdorff space(compactness and metrizability not necessarily required). This is achieved through the consideration of…

Dynamical Systems · Mathematics 2015-06-12 Zheng Wei , Yangeng Wang , Guo Wei