Titlebook: Applied Extreme Value Statistics; With a Special Focus Arvid Naess Book 2024 The Editor(s) (if applicable) and The Author(s), under exclusi

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Kristina R. Dahlstrom,Erich M. Sturgiseme values. The typical data that are used in this process are the extreme values observed over specified periods of time, e.g., over 1 year periods. Such a procedure, extracting only extremes over blocks of data, would immediately appear to be wasteful, since potentially very useful data might be d

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HR Analytics and Digital HR Practiceser, this problem will be approached by exploiting the concept of the mean upcrossing rate. It will be shown that this opens the door to very robust and reasonably accurate approximations to the extreme value distributions of stochastic processes, provided some reasonable conditions are satisfied. In

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https://doi.org/10.1007/978-981-16-7099-2or example, yearly extreme wind speeds at a given location, are distributed according to the so-called generalized (asymptotic) extreme value distribution with unknown parameters to be estimated on the basis of the observed data, cf. Chap. 2 or Coles (An introduction to statistical modeling of extre

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https://doi.org/10.1007/978-3-658-25655-5was established in 1996 as a common electricity market for Norway and Sweden. Finland followed into the Nord Pool market area in 1998, and western and eastern Denmark joined in 1999 and 2000, respectively. In 2002 Nord Pool spot was established and today runs the spot (1 day ahead) market for electr

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How to Earn a Seat at the Executive Table,asons for this increase. First, the computational power available today, even for a laptop computer, is formidable and steadily increasing. Second, the versatility of Monte Carlo methods make them very attractive as a way of obtaining solutions to stochastic problems. The drawback of Monte Carlo met

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