{"product_id":"copula-methods-in-finance-marius-fredheim-9783639068146","title":"Copula Methods in Finance","description":"Copulas provide us with a tool for constructing multivariate distri-butions with arbitrary marginal distributions and a wide range of dependence structures. The aim of this book is to describe what the practitioner, or scientist, needs to know about copulas. Although the emphasis is on financial applications, the general theory is relevant for any multivariate setting. The outline of the book is as follows. Chapter 2 is a discussion of multivariate distribution functions that are useful for financial data. In chapter 3 we proceed with a discussion of commonly used depen-dence measures, and we highlight deficiencies of the correlation coefficient. We start chapter 4 by describing the properties a general function must satisfy in order to be a copula, and goes on by des-cribing the properties of the most common copulas. In chapter 5 we discuss the problem of estimating the parameters in a copula, and in chapter 6 we review the recent goodness-of-fit procedures suggested in the literature. Chapter 7 is a short review of some of the main applications of copulas in relation to credit risk models.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Marius Fredheim\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 3639068149\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9783639068146\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e VDM Verlag Dr. Mueller E.K.\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/30\/2008\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 120\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.38lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.25d","brand":"Marius Fredheim","offers":[{"title":"Paperback","offer_id":46140792635647,"sku":"9783639068146","price":52.92,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_5664fb15-babc-4e51-bc48-14f5fdc4701f.jpg?v=1726597047","url":"https:\/\/www.whiterainbookhouse.com\/products\/copula-methods-in-finance-marius-fredheim-9783639068146","provider":"WR Book House","version":"1.0","type":"link"}