Standard Article

Exceedance Probability

Extremes and Environmental Risk

  1. Holger Drees

Published Online: 15 JAN 2013

DOI: 10.1002/9780470057339.vae053.pub2

Encyclopedia of Environmetrics

Encyclopedia of Environmetrics

How to Cite

Drees, H. 2013. Exceedance Probability . Encyclopedia of Environmetrics. 2.

Author Information

  1. University of Hamburg, Hamburg, Germany

Publication History

  1. Published Online: 15 JAN 2013

Abstract

The probability that a future observation exceeds a high threshold is approximated and estimated using an extreme value approach.

Keywords:

  • exceedance over threshold;
  • extrapolation;
  • extreme value theory;
  • generalized Pareto distribution;
  • threshold models