Statistics, Department of

 

The R Journal

Date of this Version

12-2019

Document Type

Article

Citation

The R Journal (December 2019) 11(2); Editor: Michael J. Kane

Comments

Copyright 2019, The R Foundation. Open access material. License: CC BY 4.0 International

Abstract

This article is a self-contained introduction to the R package ercv and to the methodology on which it is based through the analysis of nine examples. The methodology is simple and trustworthy for the analysis of extreme values and relates the two main existing methodologies. The package contains R functions for visualizing, fitting and validating the distribution of tails. It also provides multiple threshold tests for a generalized Pareto distribution, together with an automatic threshold selection algorithm.

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