Diagnostic plots for identifying max domains of attraction under power normalization |
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Authors: | Deepesh Bhati Sreenivasan Ravi |
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Institution: | Department of Studies in Statistics, University of Mysore, Mysuru, India |
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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. |
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Keywords: | Gumbel probability plot Fréchet probability plot extreme value laws p-max stable laws power normalization |
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