Abstract
Extreme values are a major concern in various areas including finance, insurance, hydrology, etc. Often, natural phenomena are explained by mixture distributions, for example, distribution of wind speed is the mixture of distribution of wind speed under normal circumstances and extreme circumstances. In this article, we consider the extreme behaviour of a mixture distribution and study the max domains of attraction of mixture distributions. A few illustrative examples are also discussed.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Journal of the Indian Society for Probability and Statistics
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.