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Direct linkMarek Arendarczyk; Tomasz J. Kozubowski; Anna K. Panorska – Journal of Statistics and Data Science Education, 2023
We provide tools for identification and exploration of data with very large variability having power law tails. Such data describe extreme features of processes such as fire losses, flood, drought, financial gain/loss, hurricanes, population of cities, among others. Prediction and quantification of extreme events are at the forefront of the…
Descriptors: Natural Disasters, Probability, Regression (Statistics), Statistical Analysis
