between variables. This research proposes an alternative SWG that introduces the advantages of the copula modeling into the … replication of stochastic weather patterns. The semiparametric copula-based SWG introduces more exibility allowing researcher to …

for the marginal distributions while introducing non-normal dependence using copulas. In an application of the copula … the Frank copula outperforms the standard bivariate probit model. -- Bivariate probit ; binary endogenous regressor … ; Frank copula ; Clayton copula …

. Using copula theory we determine the value at risk of energy production for given allocation sets of wind farms and derive … energy supply on daily as well as hourly frequency. -- Wind power ; Vine copula ; Optimal turbine allocation … investment, the resulting overall allocation of wind turbines may be unfavorable for energy suppliers and the economy because of …