Extreme value theory or extreme value analysis (EVA) is the study of extremes in statistical distributions. It is widely used in many disciplines, such as structural engineering, finance, actuarial science, economics, earth sciences, traffic prediction, and geological engineering.
Extreme value theory or extreme value analysis (EVA) is the study of extremes in statistical distributions. It is widely used in many disciplines, such as structural engineering, finance, actuarial science, economics, earth sciences, traffic prediction, and geological engineering.
Source: Wikipedia "Extreme value theory" · CC BY-SA 4.0
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