On Dependence Properties of Random Minima and Maxima |
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Authors: | Ali Dolati |
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Affiliation: | 1. Department of Statistics , Yazd University , Yazd , Iran adolati@yazduni.ac.ir |
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Abstract: | Let X (n) and X (1) be the largest and smallest order statistics, respectively, of a random sample of fixed size n. Quite generally, X (1) and X (n) are approximately independent for n sufficiently large. In this article, we study the dependence properties of random extremes in terms of their copula, when the sample size has a left-truncated binomial distribution and show that they tend to be more dependent in this case. We also give closed-form formulas for the measures of association Kendall's τ and Spearman's ρ to measure the amount of dependence between two extremes. |
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Keywords: | Copula Dependence ordering Extreme order statistics |
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