Heterogeneous extremes in the presence of random covariates and censoring

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Hauptverfasser: Bladt, Martin, Øhlenschlæger, Christoffer
Format: Preprint
Veröffentlicht: 2024
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author Bladt, Martin
Øhlenschlæger, Christoffer
author_facet Bladt, Martin
Øhlenschlæger, Christoffer
contents The task of analyzing extreme events with censoring effects is considered under a framework allowing for random covariate information. A wide class of estimators that can be cast as product-limit integrals is considered, for when the conditional distributions belong to the Frechet max-domain of attraction. The main mathematical contribution is establishing uniform conditions on the families of the regularly varying tails for which the asymptotic behaviour of the resulting estimators is tractable. In particular, a decomposition of the integral estimators in terms of exchangeable sums is provided, which leads to a law of large numbers and several central limit theorems. Subsequently, the finite-sample behaviour of the estimators is explored through a simulation study, and through the analysis of two real-life datasets. In particular, the inclusion of covariates makes the model significantly versatile and, as a consequence, practically relevant.
format Preprint
id arxiv_https___arxiv_org_abs_2406_06113
institution arXiv
publishDate 2024
record_format arxiv
spellingShingle Heterogeneous extremes in the presence of random covariates and censoring
Bladt, Martin
Øhlenschlæger, Christoffer
Statistics Theory
62G32
The task of analyzing extreme events with censoring effects is considered under a framework allowing for random covariate information. A wide class of estimators that can be cast as product-limit integrals is considered, for when the conditional distributions belong to the Frechet max-domain of attraction. The main mathematical contribution is establishing uniform conditions on the families of the regularly varying tails for which the asymptotic behaviour of the resulting estimators is tractable. In particular, a decomposition of the integral estimators in terms of exchangeable sums is provided, which leads to a law of large numbers and several central limit theorems. Subsequently, the finite-sample behaviour of the estimators is explored through a simulation study, and through the analysis of two real-life datasets. In particular, the inclusion of covariates makes the model significantly versatile and, as a consequence, practically relevant.
title Heterogeneous extremes in the presence of random covariates and censoring
topic Statistics Theory
62G32
url https://arxiv.org/abs/2406.06113