Copula Modeling: An Introduction for Practitioners (Foundations and Trends (R) in Econometrics): 1 (Foundations and Trends® in Econometrics) [Paperback] Trivedi, Pravin K.; Zimmer, David M. and Trivedi, P. K.

Trivedi, Pravin K; Zimmer, David M

ISBN 10: 1601980205 / ISBN 13: 9781601980205

Verlag: Now Publishers, 2007

Beschreibung

UNUSED - Some outer edges have minor scuffs. Cover has light scratches. Book content is in new unread condition. Bestandsnummer des Verkäufers 104021-4

Bibliografische Details

Titel: Copula Modeling: An Introduction for ...

Verlag: Now Publishers

Erscheinungsdatum: 2007

Einband: Softcover

Zustand: Very Good

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Inhaltsangabe:

Copula Modeling explores the copula approach for econometrics modeling of joint parametric distributions. Copula Modeling demonstrates that practical implementation and estimation is relatively straightforward despite the complexity of its theoretical foundations. An attractive feature of parametrically specific copulas is that estimation and inference are based on standard maximum likelihood procedures. Thus, copulas can be estimated using desktop econometric software. This offers a substantial advantage of copulas over recently proposed simulation-based approaches to joint modeling. Copulas are useful in a variety of modeling situations including financial markets, actuarial science, and microeconometrics modeling. Copula Modeling provides practitioners and scholars with a useful guide to copula modeling with a focus on estimation and misspecification. The authors cover important theoretical foundations. Throughout, the authors use Monte Carlo experiments and simulations to demonstrate copula properties