Table 4 Estimation results of MRS copula model (1).
Copula | θ | Dof | Copula | θ | Dof | AIC |
|---|---|---|---|---|---|---|
Gaussian | 0.0180 | / | Gaussian | 0.4310*** | / | −25.2644 |
Gaussian | −0.9020*** | / | t | 0.1340** | 6.5770** | −46.6360 |
Gaussian | −0.8640*** | / | Clayton | 0.2050** | / | −29.5434 |
Gaussian | 0.0070 | / | Gumbel | 1.3160*** | / | −28.6813 |
Gaussian | 0.0210 | / | S.Clayton | 0.4800** | / | −19.2790 |
Gaussian | 0.0210 | / | S.Gumbel | 1.3780*** | / | −31.7086 |
t | 0.0560 | 5.3760** | Gaussian | 0.2700* | / | −42.8318 |
t | 0.4790* | 11.6260 | t | −0.2230 | 27.4090 | −39.6212 |
t | 0.1610 | 2.2510** | Clayton | 0.0860 | / | −55.3029 |
t | 0.1040* | 5.7380** | Gumbel | 1.7010 | / | −39.9131 |
t | 0.1870 | 2.4150 | S.Clayton | 0.0220 | / | −51.1208 |
t | 0.1160 | 4.8180** | S.Gumbel | 1.0390** | / | −40.2318 |
Clayton | 0.0590 | / | Gaussian | 0.4340*** | / | −28.2992 |
Clayton | 0.0860 | / | t | 0.1610 | 2.2500** | −55.3148 |
Clayton | 0.0100 | / | Clayton | 0.3260* | / | −17.7864 |
Clayton | 0.2640* | / | Gumbel | 1.0600*** | / | −25.1113 |
Clayton | 0.2820* | / | S.Clayton | 0.0940 | / | −21.5625 |
Clayton | 0.1380* | / | S.Gumbel | 1.7450 | / | −13.8046 |
