Revolutionizing Engineering with Flexible Copula-Based Multivariate Modeling Techniques!
The article discusses using copulas for multivariate modeling in engineering. Copulas help separate how variables are related from their individual behaviors. They are useful for analyzing non-normal data and have been applied in fields like insurance and finance. The study explains how copulas work and introduces two main types: elliptical and Archimedean copulas. The researchers show that copulas can be used to simulate random data and estimate relationships between variables.