This professional-level course gives an introduction to univariate Extreme Value Statistics.

Most statistical methods are aimed at characterizing expected values. However, in many settings, it is the extreme values, or outliers, which are of interest, e.g. extreme weather events, rare drug toxicities or extreme movements in financial markets. This course will cover the theory and associated statistical methods which form the cornerstone of natural hazard risk planning and engineering design safety, and which enable extrapolation beyond the levels already observed in a dataset. We will look at current best practice and implementation of methods for calculating high quantiles and associated uncertainties, using detailed worked examples from environmental risk assessment, financial and clinical safety applications. All topics are accompanied by hands-on tutorials in R. Location: Royal Statistical Society, London UK Website & Booking: https://goo.gl/GLKMlo E-mail: training@rss.org.uk