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Invariant transformations to combine marginal probability functions to form multivariate distributions motivated by the need to enlarge the class of multivariate distributions beyond the multivariate normal distribution and its related functions such as the multi- variate Student's t-distribution and the Wishart distribution. An example is Frank's family of bivariate distributions. (The word 'copula' comes from Latin and means to connect or join.) Quintessentially copulas are measures of the dependent structure of the marginal distributions and they have been used to model correlated risks, joint default probabilities in credit portfolios and groups of individuals that are exposed to similar economic and physical environments. Also used in frailty models for surveying.
Regression through the origin : In some of the situations a relationship between the two variables estimated by the regression analysis is expected to pass by the origin because th
Blinder Oaxaca method: A method or technique used for assessing the effect of the role of income on racial wealth gap. The method or technique is based on the decomposition of the
Band matrix: A matrix which has its non zero elements arranged uniformly near to the diagonal, so that aij = 0 if (i - j)> ml or (j - i)> mu where aij are the elements of matrix a
Whats the independent variable in the following sentence? -1) In a drug prevention program for boys and girls, will family-participation result in effective drug use reduction?
Pattern recognition is a term for a technology that recognizes and analyses patterns automatically by machine and which has been used successfully in many areas of application inc
The interplay of the genes and environment on, for instance, the risk of disease. The term represents the step away from the argument as to whether the nature or nurture is the pre
Graduation is the term is employed most often in the application of the actuarial statistics to denote procedures by which the set or group of observed probabilities is adjusted t
A term usually used for unobserved individual heterogeneity. Such variation is of main concern in the medical statistics particularly in the analysis of the survival times where ha
A statewide survey of 1,706 California adults’ residents include the following question: would you favor or oppose providing a path to citizenship for illegal immigrants in the U.S
Chi-squared distribution : It is the probability distribution, f (x), of the random variable de?ned as the sum of squares of the number (v) of independent standard normal variables
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