Extreme Value Analysis: A Brief Overview with an Application to Flow Discharge Rate Data in a Hydrometric Station in the North of Portugal

Helena Penalva; Sandra Nunes; M. Manuela Neves

doi:10.57805/revstat.v14i2.186

Extreme Value Analysis

A Brief Overview with an Application to Flow Discharge Rate Data in a Hydrometric Station in the North of Portugal

Authors

Helena Penalva Polytechnic Institute of Setúbal
Sandra Nunes Polytechnic Institute of Setúbal
M. Manuela Neves University of Lisbon

DOI:

https://doi.org/10.57805/revstat.v14i2.186

Keywords:

extreme value theory, parametric and semi-parametric estimation, statistical choice of the tail, statistical tests

Abstract

Extreme value theory is dedicated to characterise the behaviour of the extreme observations. The interest is then focused in the tails of the underlying distribution. It is important to test for the adequate shape of the tail, because it influences the estimation of parameters of extreme or even rare events. The aim of this work is to present a brief overview on several tests and parameter estimation procedures available in the literature. They will be applied to daily mean flow discharge rate values in the hydrometric station of Fragas da Torre in the river Paiva, collected from 1946/47 to 2005/06.

Downloads

REVSTAT2016v14n2_6

Published

2016-04-20

How to Cite

Penalva , H., Nunes , S., & Neves , M. M. (2016). Extreme Value Analysis: A Brief Overview with an Application to Flow Discharge Rate Data in a Hydrometric Station in the North of Portugal. REVSTAT-Statistical Journal, 14(2), 193–215. https://doi.org/10.57805/revstat.v14i2.186