Browsing School of Pure and Applied Sciences by Subject "Generalized Pareto distribution"

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    • Optimal threshold determination based on the meanexcess plot 

      Chukwudum, Queensley C.; Mwita, Peter; Mung’atu, Joseph K. (Taylor and Francis Group, 2019)
      Choosing a suitable threshold has been an issue in practice. Based on the mean excess plot (MEP), the eyeball inspection approach(EIA) is mainly used to determine the threshold. This involves fitting the threshold at the ...