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https://doi.org/10.17559/TV-20180529125449

A New Methodology for the Block Maxima Approach in Selecting the Optimal Block Size

Çiğdem Özari   ORCID icon orcid.org/0000-0002-2948-8957 ; İstanbul Aydın University, İstanbul, Turkey
Özge Eren   ORCID icon orcid.org/0000-0002-3850-818X ; İstanbul Aydın University, İstanbul, Turkey
Hasan Saygin ; İstanbul Aydın University, İstanbul, Turkey

Puni tekst: engleski, pdf (1 MB) str. 1292-1296 preuzimanja: 60* citiraj
APA 6th Edition
Özari, Ç., Eren, Ö. i Saygin, H. (2019). A New Methodology for the Block Maxima Approach in Selecting the Optimal Block Size. Tehnički vjesnik, 26 (5), 1292-1296. https://doi.org/10.17559/TV-20180529125449
MLA 8th Edition
Özari, Çiğdem, et al. "A New Methodology for the Block Maxima Approach in Selecting the Optimal Block Size." Tehnički vjesnik, vol. 26, br. 5, 2019, str. 1292-1296. https://doi.org/10.17559/TV-20180529125449. Citirano 15.11.2019.
Chicago 17th Edition
Özari, Çiğdem, Özge Eren i Hasan Saygin. "A New Methodology for the Block Maxima Approach in Selecting the Optimal Block Size." Tehnički vjesnik 26, br. 5 (2019): 1292-1296. https://doi.org/10.17559/TV-20180529125449
Harvard
Özari, Ç., Eren, Ö., i Saygin, H. (2019). 'A New Methodology for the Block Maxima Approach in Selecting the Optimal Block Size', Tehnički vjesnik, 26(5), str. 1292-1296. https://doi.org/10.17559/TV-20180529125449
Vancouver
Özari Ç, Eren Ö, Saygin H. A New Methodology for the Block Maxima Approach in Selecting the Optimal Block Size. Tehnički vjesnik [Internet]. 2019 [pristupljeno 15.11.2019.];26(5):1292-1296. https://doi.org/10.17559/TV-20180529125449
IEEE
Ç. Özari, Ö. Eren i H. Saygin, "A New Methodology for the Block Maxima Approach in Selecting the Optimal Block Size", Tehnički vjesnik, vol.26, br. 5, str. 1292-1296, 2019. [Online]. https://doi.org/10.17559/TV-20180529125449

Sažetak
The Block Maxima method divides sample data into equal blocks. Predictions are based on the maximum values of the observations. Choosing an efficient and proper block size for the Block Maxima method is an important issue and varies across fields (e.g., flood, rainfall, finance). However, the main problem is deciding which block size is suitable or optimal for the prediction. In the literature, it is a known fact that the selection of a small block size leads to bias, while the selection of a large block size leads to a variance problem. In one respect, this issue is any trade off problem between the bias and the variance. This paper proposes simple and easy computational method to specify the optimal block size selection process for the Block Maxima method.

Ključne riječi
Block Maxima; Extreme Value Theory; Maximum Likelihood

Hrčak ID: 226011

URI
https://hrcak.srce.hr/226011

Posjeta: 116 *