Statistical Inference for Max-Stable Processes by Conditioning on Extreme Events
Statistical Inference for Max-Stable Processes by Conditioning on Extreme Events
In this paper we provide the basis for new methods of inference for max-stable processes ξ on general spaces that admit a certain incremental representation, which, in important cases, has a much simpler structure than the max-stable process itself. A corresponding peaks-over-threshold approach will incorporate all single events that are …