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We present a novel statistical treatment, the "metastatistics of extreme events", for calculating the frequency of extreme events. This approach, which is of general validity, is the proper statistical framework to address the problem of…

Applications · Statistics 2012-11-14 Massimiliano Ignaccolo , Marco Marani

Real-time dispatch practices for operating the electric grid in an economic and reliable manner are evolving to accommodate higher levels of renewable energy generation. In particular, stochastic optimization is receiving increased…

Optimization and Control · Mathematics 2018-06-28 Ryan N. King , Matthew Reynolds , Devon Sigler , Wesley Jones

Assessing climate risk and its potential impacts on our cities and economies is of fundamental importance. Extreme weather events, such as hurricanes, floods, and storm surges can lead to catastrophic damages. We propose a flexible approach…

Risk Management · Quantitative Finance 2024-02-06 Chi Truong , Matteo Malavasi , Han Li , Stefan Trueck , Pavel V. Shevchenko

A methodology is developed, based on nonparametric Bayesian dictionary learning, for joint space-time wind field data extrapolation and estimation of related statistics by relying on limited/incomplete measurements. Specifically, utilizing…

Machine Learning · Statistics 2025-07-16 George D. Pasparakis , Ioannis A. Kougioumtzoglou , Michael D. Shields

Projections of storm surge return levels are a basic requirement for effective management of coastal risks. A common approach to estimate hazards posed by extreme sea levels is to use a statistical model, which may use a time series of a…

Applications · Statistics 2018-08-28 Tony E. Wong

Extreme value analysis is an essential methodology in the study of rare and extreme events, which hold significant interest in various fields, particularly in the context of environmental sciences. Models that employ the exceedances of…

Methodology · Statistics 2025-07-16 Lorenzo Dell'Oro , Carlo Gaetan

An offshore wind turbine needs to withstand the environmental loads, which can be expected during its life time. Consequently, designers must define loads based on extreme environmental conditions to verify structural integrity. The…

Methodology · Statistics 2017-10-20 Andreas F. Haselsteiner , Jan-Hendrik Ohlendorf , Klaus-Dieter Thoben

This study aims to improve the spatial representation of uncertainties when regressing surface wind speeds from large-scale atmospheric predictors for sub-seasonal forecasting. Sub-seasonal forecasting often relies on large-scale…

Machine Learning · Computer Science 2025-10-21 Ganglin Tian , Anastase Alexandre Charantonis , Camille Le Coz , Alexis Tantet , Riwal Plougonven

A variety of methods have been proposed for inference about extreme dependence for multivariate or spatially-indexed stochastic processes and time series. Most of these proceed by first transforming data to some specific extreme value…

Statistics Theory · Mathematics 2018-05-22 James E. Johndrow , Robert L. Wolpert

Short-term wind speed prediction is essential for economical wind power utilization. The real-world wind speed data is typically intermittent and fluctuating, presenting great challenges to existing shallow models. In this paper, we present…

Machine Learning · Computer Science 2023-05-08 Hailong Shu

This paper introduces a robust and computationally efficient estimation framework for high-dimensional volatility models in the BEKK-ARCH class. The proposed approach employs data truncation to ensure robustness against heavy-tailed…

Statistics Theory · Mathematics 2026-05-26 Kejun Chen , Yuchang Lin , Qianqian Zhu

Simultaneous occurrences of extreme events need not imply symmetric or reciprocal tail dependence. However, most existing measures of extremal dependence are inherently symmetric and hence often fail to capture directional influence in tail…

Methodology · Statistics 2026-03-17 Bikramjit Das , Xiangyu Liu

Describing the complex dependence structure of extreme phenomena is particularly challenging. To tackle this issue we develop a novel statistical algorithm that describes extremal dependence taking advantage of the inherent hierarchical…

Methodology · Statistics 2018-07-24 Sabrina Vettori , Raphaël Huser , Johan Segers , Marc G. Genton

The block maximum method, which is widely used in extreme value analysis, uses a generalized extreme value distribution to approximate that of the maximum of m observations. The quality of this approximation depends on the value of m and…

Methodology · Statistics 2026-05-14 Léo R. Belzile , Anthony C. Davison

We present a method for comparing point forecasts in a region of interest, such as the tails or centre of a variable's range. This method cannot be hedged, in contrast to conditionally selecting events to evaluate and then using a scoring…

Applications · Statistics 2022-02-16 Robert J. Taggart

In this paper, we present a comprehensive analysis of extreme temperature patterns using emerging statistical machine learning techniques. Our research focuses on exploring and comparing the effectiveness of various statistical models for…

Applications · Statistics 2023-07-27 Kameron B. Kinast , Ernest Fokoué

Context. The presence of a magnetic guide field induces several types of anisotropy in solar wind turbulence. The energy cascade rate between scales in the inertial range depends strongly on the direction of this magnetic guide field,…

Plasma Physics · Physics 2022-05-18 N. Andrés , F. Sahraoui , Huang , L. Z. Hadid , S. Galtier

In the multivariate setting, estimates of extremal risk measures are important in many contexts, such as environmental planning and structural engineering. In this paper, we propose new estimation methods for extremal bivariate return…

Methodology · Statistics 2022-10-11 C. J. R. Murphy-Barltrop , J. L. Wadsworth , E. F. Eastoe

Accurate models of turbulent wind fields have become increasingly important in the atmospheric sciences, e.g., for the determination of spatiotemporal correlations in wind parks, the estimation of individual loads on turbine rotor and…

Fluid Dynamics · Physics 2022-09-02 Jan Friedrich , Daniela Moreno , Michael Sinhuber , Matthias Waechter , Joachim Peinke

Extreme value analysis (EVA) uses data to estimate long-term extreme environmental conditions for variables such as significant wave height and period, for the design of marine structures. Together with models for the short-term evolution…

Methodology · Statistics 2024-07-30 Matthew Speers , David Randell , Jonathan Angus Tawn , Philip Jonathan
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