Bivariate copulas generated by perturbations. (English) Zbl 1284.62309
Summary: In this paper, we provide a family of bivariate copulas based on a perturbation of a given copula by a factor term. The new class generalizes well-known families of copulas and allows to describe a wide range of possible dependencies.
MSC:
| 62H05 | Characterization and structure theory for multivariate probability distributions; copulas |
Software:
QRMReferences:
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