Abstract:Summary
A simple strategy is proposed to model total accumulation in non‐overlapping clusters of extreme values from a stationary series of daily precipitation. Assuming that each cluster contains at least one value above a high threshold, the cluster sum S is expressed as the ratio S=M/P of the cluster maximum M and a random scaling factor P ∈ (0,1]. The joint distribution for the pair (M,P) is then specified by coupling marginal distributions for M and P with a copula. Although the excess distribution of M i… Show more
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