The main focus of this paper is an investigation of the effect which the accuracy of data representation may have on the results obtained by using standard peaks-over-threshold (POT) methods. It is shown that this effect may lead to a substantial shift in the resulting predictions of long return period extreme values for specific types of estimators combined with the POT method. A brief discussion of the implication for the estimation of confidence intervals on the various estimates will also be given.
The Impact of Data Accuracy on the POT Estimates of Long Return Period Design Values
Contributed by the OMAE Division of THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS for publication in the ASME JOURNAL OF OFFSHORE MECHANICS AND ARCTIC ENGINEERING. Manuscript received by the ASME OMAE Division, July 2001; final revision, Oct. 2001. Guest Associate Editor: C. G. Soares.
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Naess, A., and Clausen, P. H. (October 1, 2001). "The Impact of Data Accuracy on the POT Estimates of Long Return Period Design Values ." ASME. J. Offshore Mech. Arct. Eng. February 2002; 124(1): 53–58. https://doi.org/10.1115/1.1446077
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