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Analysis of extreme events [15]

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Bullet points include: The overarching family system may have been chosen to facilitate selection. E.g. a key feature of the Pearson system is that the first four moments (if they exist) can be expressed in terms of the four parameters: Indeed, the mean, variance and moment ratios (cumulants) relating to the next two moments provide a compete taxonomy of possible Pearson densities Pearson suggested selecting an appropriate density function based on estimates of the values of the first four moments of the distribution, i.e. method of moments Or we may use other distribution / curve fitting techniques

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