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- W4385341061 abstract "The Copula concept has long been used in many applications, especially in the financial field. This concept was first used in 1959 by Sklar in his mathematical work and greatly assisted in the applications of financial and insurance areas. The copula functions have been widely used in dependence modeling. In this study, we look at how the copula began to develop from a basic form to a more advanced form through studies that previous researchers have made. Throughout this study, we find various types of the copula, and each exhibits its own characteristics lying under two main families, Elliptical and Archimedean copulas. Our findings suggest that copula is vital in solving problems in statistical dependence measures and joint marginal distribution functions. This comprehensive study served as a review paper on the development of copulas from their initial existence to their latest evolution." @default.
- W4385341061 created "2023-07-29" @default.
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- W4385341061 date "2023-10-04" @default.
- W4385341061 modified "2023-10-09" @default.
- W4385341061 title "A comprehensive review on the development of copulas in financial field" @default.
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- W4385341061 doi "https://doi.org/10.3233/jifs-223481" @default.
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