The BALM Copula

Abstract EN

The class of probability distributions possessing the almost-lack-of-memory property appeared about 20 years ago.

It reasonably took place in research and modeling, due to its suitability to represent uncertainty in periodic random environment.

Multivariate version of the almost-lack-of-memory property is less known, but it is not less interesting.

In this paper we give the copula of the bivariate almost-lack-of-memory (BALM) distributions and discuss some of its properties and applications.

An example shows how the Marshal-Olkin distribution can be turned into BALM and what is its copula.