Copulas are functions that enable the construction of multivariate probability distributions by binding together univariate marginal distributions. Central to probability theory, they allow ...
Flexible stationary diffusion-type models are developed that can fit both the marginal distribution and the correlation structure found in many time series from, for example, finance and turbulence.
Figure 1: Joint and marginal probability distributions of climate sensitivity and transient climate response. Representing current knowledge on future carbon-cycle responses is difficult, and might be ...