A Simplified Method of Estimating Extreme Values from Data Samples
- 1 February 1963
- journal article
- Published by American Meteorological Society in Journal of Applied Meteorology
- Vol. 2 (1) , 82-89
- https://doi.org/10.1175/1520-0450(1963)002<0082:asmoee>2.0.co;2
Abstract
After a review of the methods, advanced most recently, of estimating extreme values from data samples it is concluded that the straightforward method of moments offers the advantages of stability and simplicity without bias. The sample mean and standard deviation are computed, but the observations need not be ordered and the equation of estimate need not differ with sample size. A few charts are readily constructed, or used out of this text, to yield answers to the operational risks involved in a given period of time.Keywords
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