Hi Guys
I'm working on 800 bivariate data. ( loss & Expense) . I've found fitted distribution which was Pareto. I also worked on Copula to find the best Copula for their dependence. Frank Copula was the best. So now third step I need to find simulation for 5000000 pairs. ( also I'm doing all steps in R) . I'm a bit confused now how to start and how to bring copula formula as a code to introduce simulation.
Can anyone help me please?!!
Many Thanks
Zore