Le Roux, ColetteDe Waal, Alta2020-05-152020-05-152019Le Roux, C. & De Waal, A. 2019, 'Modifying copulas for improved dependence modelling', CEUR Workshop Proceedings, vol. 2540, pp. 1-3.1613-0073http://hdl.handle.net/2263/74597In 2007 and 2008, underestimation of correlations and risks, as well as the misuse of dependence models, lead to the financial crisis. This highlighted the need to improve dependence modelling through both the correlation parameter and choice of model used. Copulas are useful for modelling dependence patterns in multivariate data, as well as prediction in regression analysis.en© 2019 for this paper by its authors. Use permitted under Creative Commons License Attribution 4.0 International (CC BY 4.0).CopulaCopula processesGaussian processesVine copulasBayesian methodsArticle