Author/Authors :
baş kaman, ferhan yıldırım beyazıt university - şereflikoçhisar faculty of applied science - department of banking and finance, Ankara, Turkey , olmuş, hülya gazi university - faculty of science - department of statistics, Ankara, Turkey
Title Of Article :
A Comparison of Copula Families on Dependence Structure of Extreme Order Statistics
Abstract :
Order statistics have an important place in probability theory and statistical inference, especially reliability analysis. It is aimed to compare the dependency structure with some copula families of min-max copula for the extreme order statistics in this study. Suitability of Clayton, Frank, Gumbel from Archimedean copula families, Gaussian, Farlie-Gumbel-Morgenstern and min-max copula are examined by simulation study. To find the most suitable copula family, some model selection criteries are used and important inferences are obtained.
NaturalLanguageKeyword :
Dependent structure , order statistics , copula , simulation
JournalTitle :
Journal Of Polytechnic
