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The Burr distribution as an asymptotic law for extreme order statistics and its application to the analysis of statistical regularities in the interplanetary magnetic field

  • Vladimir Bening , Victor Korolev EMAIL logo , Natalia Sukhareva , Hong Xiaoyang and Ruslan Khaydarpashich
Published/Copyright: April 8, 2024

Abstract

The representability of the Burr distribution as a mixture of Weibull distribution is studied in order to justify its utility for modelling the statistical regularities in extreme values registered in non-stationary flows of informative events. A result of [24] is improved by extending the domain of admissible values of the parameters which provide the representability of the (generalized) Burr distribution as a scale mixture of the Weibull distribution. This result gives an argument in favour of application of the Burr distribution as a model of statistical regularities of extreme values registered within moderate regular time intervals, say, daily (short-term) extremes. In turn, if we are interested in the statistical regularities of the behaviour of the absolute extreme observation over a long period, say, a decade (the long-term extreme), then it can be noted that the daily extreme values form a sample of the Burr-distributed random variables. As is known, the Burr distribution belongs to the domain of max-attraction of the Fréchet distribution. The problem of improving the accuracy of the approximation of the distribution of the absolute extreme by the Fréchet distribution by the construction of an asymptotic expansion for the distribution of the extreme order statistics in the sample of independent identically Burr-distributed random variables is also considered. These results are illustrated by an example of fitting the Burr distribution to the data representing the extreme values of characteristics of the interplanetary magnetic field.

MSC 2010: 60F05; 62M10; 62P35; 78M34

Funding statement: This work was done with the support of MSU Program of Development, Project No. 23-SCH03-03.

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Received: 2024-01-31
Accepted: 2024-02-06
Published Online: 2024-04-08
Published in Print: 2024-04-25

© 2024 Walter de Gruyter GmbH, Berlin/Boston

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