Extreme value theory is a branch of
statistics dealing with the extreme deviations from the mean of
statistical distributions[?]. Extreme value theory is important for assessing
risk for highly unusual events, such as
100-year floods.
Applications of extreme value theory:
History of extreme value theory
Founded by the German mathematician, pacifist, and anti-Nazi campaigner Emil Julius Gumbel who described the Gumbel distribution[?] in the 1950s.
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References:
- Gumbel, E.J.(1958). Statistics of Extremes. Columbia University Press.
See also:
External links:
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