The Lomax-Claim Model: Bivariate Extension and Applications to Financial Data

<div>Graphical display of the <svg height="10.9105pt" id="M132" style="vertical-align:-2.15716pt" version="1.1" viewbox="-0.0498162 -8.75334 19.7772 10.9105" width="19.7772pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M720 -138C627 -96 538 -41 476 2C594 39 703 153 703 331C703 532 552 665 384 665C170 665 44 499 44 315C44 215 87 129 147 73C211 11 298 -11 355 -14C476 -99 554 -136 584 -144S664 -160 712 -159L720 -138ZM348 25C231 49 146 172 146 342C146 533 249 629 360 629C497 629 601 510 601 302C601 142 523 51 443 28C434 34 425 41 416 47L348 25Z"></path></g><g transform="matrix(.013,0,0,-0.013,9.92,0)"><path d="M720 -138C627 -96 538 -41 476 2C594 39 703 153 703 331C703 532 552 665 384 665C170 665 44 499 44 315C44 215 87 129 147 73C211 11 298 -11 355 -14C476 -99 554 -136 584 -144S664 -160 712 -159L720 -138ZM348 25C231 49 146 172 146 342C146 533 249 629 360 629C497 629 601 510 601 302C601 142 523 51 443 28C434 34 425 41 416 47L348 25Z"></path></g></svg> plot and AD test statistic result.</div>

Complexity

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Figure 14

Figure 14: The Lomax-Claim Model: Bivariate Extension and Applications to Financial Data 