Modeling the Tail Distribution and Ratemaking: An Application of Extreme Value Theory

Economic analysis of weather risk often depends on accurate assessment of the probability (P) of tail quantiles (Q). Extreme value theory can provide a promising estimation of the tail part risk and this paper intends to apply the extreme value model to estimate the tail risk on India excess rainfall.


Issue Date:
2005
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/19190
Total Pages:
38
Series Statement:
Selected Paper 132083




 Record created 2017-04-01, last modified 2017-08-24

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