Construction of Asymmetric Copulas and Its Application in Two-Dimensional Reliability Modelling

  title={Construction of Asymmetric Copulas and Its Application in Two-Dimensional Reliability Modelling},
  author={Shaomin Wu},
  journal={Econometrics: Econometric Model Construction},
  • Shaomin Wu
  • Published 2014
  • Mathematics, Computer Science
  • Econometrics: Econometric Model Construction
  • Copulas offer a useful tool in modelling the dependence among random variables. In the literature, most of the existing copulas are symmetric while data collected from the real world may exhibit asymmetric nature. This necessitates developing asymmetric copulas that can model such data. In the meantime, existing methods of modelling two-dimensional reliability data are not able to capture the tail dependence that exists between the pair of age and usage, which are the two dimensions designated… CONTINUE READING

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