“…It should be emphasized that the majority of extrapolation techniques that are often used in offshore engineering practice do, in fact, rely on assuming certain extrapolation parametric/functional classes
8–33,39–41 . Among the widely used techniques, the techniques currently in use are peak over the threshold (POT),
31 Pareto, modified Weibull method,
42–47 bivariate modified Weibull,
48,49 traditional Weibull fit, and Gumbel fit; these are just a few examples of fitting techniques. In the simplest instance, PDFs pX1 and
may represent two identically distributed processes,
and
, with
.…”