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Diagnostic plots for identifying max domains of attraction under power normalization
Authors:Deepesh Bhati  Sreenivasan Ravi
Institution:Department of Studies in Statistics, University of Mysore, Mysuru, India
Abstract:Diagnostic plots for determining the max domains of attraction of power normalized partial maxima are proposed. A test to ascertain the veracity of the claim that data distribution belongs to a max domain of attraction under power normalization is given. The performance of this test is demonstrated using data simulated from many well-known distributions. Furthermore, two real-world datasets are analysed using the proposed procedure.
Keywords:Gumbel probability plot  Fréchet probability plot  extreme value laws  p-max stable laws  power normalization
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