Statistics of Extremes: Animation 6
Abstract
An animation from the 2015 review by A.C. Davison and R. Huser, "Statistics of Extremes," from the Annual Review of Statistics and Its Application.
Illustration of the construction and simulation of a max-stable process, here a unidimensional Smith model. A large (but in theory, infinite) number of random storms with random decreasing sizes are generated (light gray curves), and the resulting max-stable process corresponds to the pointwise supremum (black curve).
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