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Table 1
Parameter estimate by Maximum Pseudo Likelihood Method and BIC value for the copula between the pseudo-observations ranks (X 1) and ranks (X 2).
| Copula | Parameter estimate | BIC |
|---|---|---|
| Frank | −23.886 | 123.181 |
| Gaussian | −0.954 | 110.234 |
| t | −0.958 ( = 8.96) |
109.419 |