Modeling asymmetrically dependent automobile bodily injury claim data using Khoudraji Copulas

Emel Kızılok Kara; Sibel Açık Kemaloğlu

Modeling asymmetrically dependent automobile bodily injury claim data using Khoudraji Copulas

Abstract

Linear-dependent variables are typically modeled through the Spearman correlation, a classical statistical technique. In reality, the dependence between the data cannot always be linear. The copula approach has often been a popular tool for modeling dependent data in these cases. Archimedean copulas, which can model mostly symmetrical data, are also among the copula families used for this purpose. Recently, asymmetric copula models have been developed to model unsymmetrical-dependent variables. The dependency measure is calculated using directional dependency coefficients instead of the Spearman correlation when the data is asymmetrical. Appropriate asymmetric model selection is made with the help of these measurements. In the study, first, dependency parameters corresponding to different Spearman coefficients were obtained for Archimedean copula families, and asymmetric copulas were derived from them. Then, simulation data were obtained for these parameter values to determine the effect of asymmetry on data modeling, and directional dependency measures were found. In addition, the study methodology was applied to automobile bodily injury claims data, which is a real dataset with an asymmetric structure. Here, we used two different asymmetric models: the Khoudraji copula KC models, which are created by multiplying independent and Archimedean copulas, and the LCC models, which are linear-convex combinations of Archimedean copulas. Finally, the appropriate model was selected according to the directional dependency coefficients, and the results were interpreted.

Keywords

References

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Details

Primary Language

English

Subjects

Biochemistry and Cell Biology (Other)

Journal Section

Research Article

Authors

Emel Kızılok Kara
0000-0001-7580-5709
Türkiye

Sibel Açık Kemaloğlu ^*
0000-0003-0449-6966
Türkiye

Publication Date

August 1, 2024

Submission Date

February 3, 2023

Acceptance Date

May 13, 2023

Published in Issue

Year 2024 Volume: 42 Number: 4

IZ

https://izlik.org/JA63XR25GR

Cite

RIS / Bibtex

APA

Kızılok Kara, E., & Açık Kemaloğlu, S. (2024). Modeling asymmetrically dependent automobile bodily injury claim data using Khoudraji Copulas. Sigma Journal of Engineering and Natural Sciences, 42(4), 1183-1193. https://izlik.org/JA63XR25GR

AMA

1.Kızılok Kara E, Açık Kemaloğlu S. Modeling asymmetrically dependent automobile bodily injury claim data using Khoudraji Copulas. SIGMA. 2024;42(4):1183-1193. https://izlik.org/JA63XR25GR

Chicago

Kızılok Kara, Emel, and Sibel Açık Kemaloğlu. 2024. “Modeling Asymmetrically Dependent Automobile Bodily Injury Claim Data Using Khoudraji Copulas”. Sigma Journal of Engineering and Natural Sciences 42 (4): 1183-93. https://izlik.org/JA63XR25GR.

EndNote

Kızılok Kara E, Açık Kemaloğlu S (August 1, 2024) Modeling asymmetrically dependent automobile bodily injury claim data using Khoudraji Copulas. Sigma Journal of Engineering and Natural Sciences 42 4 1183–1193.

IEEE

[1]E. Kızılok Kara and S. Açık Kemaloğlu, “Modeling asymmetrically dependent automobile bodily injury claim data using Khoudraji Copulas”, SIGMA, vol. 42, no. 4, pp. 1183–1193, Aug. 2024, [Online]. Available: https://izlik.org/JA63XR25GR

ISNAD

Kızılok Kara, Emel - Açık Kemaloğlu, Sibel. “Modeling Asymmetrically Dependent Automobile Bodily Injury Claim Data Using Khoudraji Copulas”. Sigma Journal of Engineering and Natural Sciences 42/4 (August 1, 2024): 1183-1193. https://izlik.org/JA63XR25GR.

JAMA

1.Kızılok Kara E, Açık Kemaloğlu S. Modeling asymmetrically dependent automobile bodily injury claim data using Khoudraji Copulas. SIGMA. 2024;42:1183–1193.

MLA

Kızılok Kara, Emel, and Sibel Açık Kemaloğlu. “Modeling Asymmetrically Dependent Automobile Bodily Injury Claim Data Using Khoudraji Copulas”. Sigma Journal of Engineering and Natural Sciences, vol. 42, no. 4, Aug. 2024, pp. 1183-9, https://izlik.org/JA63XR25GR.

Vancouver

1.Emel Kızılok Kara, Sibel Açık Kemaloğlu. Modeling asymmetrically dependent automobile bodily injury claim data using Khoudraji Copulas. SIGMA [Internet]. 2024 Aug. 1;42(4):1183-9. Available from: https://izlik.org/JA63XR25GR