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A NEW GENERALIZED CUADRAS COPULA WITH AN APPLICATION
Keywords:
Cuadras copula, dependence, Fréchet distribution, economic data.DOI:
https://doi.org/10.17654/0972361722070Abstract
In this article, we propose a new generalization of the Cuadras copula, which allows modeling a higher level of dependence structure between random variables. The new copula is used to fit a new bivariate Fréchet distribution for an Egyptian economic dataset. It is shown that our new copula outperformed some of the existing copulas.
Received: July 1, 2022
Revised: August 9, 2022
Accepted: August 18, 2022
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