This book examines the fundamental mathematical and stochastic process techniques needed to study the behavior of extreme values of phenomena based on independe

Focuses on theoretical results along with applications All the main topics covering the heart of the subject are introduced to the reader in a systematic fashio

Classical Extreme Value Theory-the asymptotic distributional theory for maxima of independent, identically distributed random variables-may be regarded as rough

Because of its potential to ...predict the unpredictable,... extreme value theory (EVT) and methodology is currently receiving a great deal of attention from st

Directly oriented towards real practical application, this book develops both the basic theoretical framework of extreme value models and the statistical infere