Fadal’s research proposes a new method that creates copulas that outperform the base (original) copulas. Researchers are interested in the flexible properties of these new copulas. Fadal explains that his new technique increases the performance and versatility of this powerful statistical tool. Using insurance data sets, Fadal demonstrates that his new copula families outperform the base copulas and offer more flexibility and an overall better fit for data-sets and improved analyses.
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Story by ORGS intern Hailey Nelson