predict.Renouv: Compute return levels and confidence limits for a "Renouv"...

In Renext: Renewal Method for Extreme Values Extrapolation

Compute return levels and confidence limits for a "Renouv" object

Description

Compute return levels and confidence limits for an object of class "Renouv".

Usage

   ## S3 method for class 'Renouv'
predict(object,
        newdata = c(10, 20, 50, 100, 200, 500, 1000),
        cov.rate = TRUE,
        level = c(0.95, 0.7),
        prob = FALSE,
        trace = 1, eps = 1e-06,
        ...)

Arguments

object	An object of class "Renouv" typically created by using the Renouv function.
newdata	The return period at which return levels and confidence bounds are wanted.
cov.rate	If FALSE, the delta method will not take into account the uncertainty on the event rate lambda of the Poisson process. Note however that when distname.y is "exponential" and when no MAX or OTS data is used, the value of cov.rate has no impact for now, because the delta method is not used then.
level	Confidence levels as in other 'predict' methods (not percentages).
prob	If TRUE a prob column is found in the returned data frame. This column can be used to find which quantile was used to compute the return level.
trace	Some details are printed when trace is not zero.
eps	Level of perturbation used to compute the numerical derivatives in the delta method.
...	Further arguments passed to or from other methods.

Details

Unless in some very special cases, the confidence limits are approximated ones computed by using the delta method with numerical derivatives.

Value

A data frame with the expected return levels (col. named "quant") at the given return periods, and confidence limits. The returned object has an infer.method attribute describing the method used to compute the confidence limits.

Note

Despite of its name, this method does not compute true predictions. A return period is to be interpreted as an average interevent time rather than the duration of a specific period of time. For instance, the expected return level for a given return period with length 100 years is the level that would be on average exceeded once every 100 years (assuming that the model description in object is correct).

Author(s)

Yves Deville

References

Coles S. (2001) Introduction to Statistical Modelling of Extremes Values, Springer.

See Also

Renouv to fit Renouv model.

Examples

## Use Brest data
fit <- Renouv(Brest)
pred <- predict(fit, newdata = c(100, 125, 150, 175, 200),
                level = c(0.99, 0.95))

Renext documentation built on Aug. 30, 2023, 1:06 a.m.