Which of the following are valid approaches for extreme value analysis given a dataset:
1. The Block Maxima approach
2. Least squares approach
3. Maximum likelihood approach
4. Peak-over-thresholds approach
For EVT, we use the block maxima or the peaks-over-threshold methods. These provide us the data points that can be fitted to a GEV distribution.
Least squares and maximum likelihood are methods that are used for curve fitting, and they have a variety of applications across risk management.
Layla
9 months agoPansy
9 months agoAlexia
9 months agoPansy
9 months agoLayla
9 months agoAlexia
9 months agoNathan
9 months agoDanica
10 months agoBrittani
11 months agoAretha
11 months ago