mrlPlot: Mean Residual Life Plot for the Generalized Pareto...

In eva: Extreme Value Analysis with Goodness-of-Fit Testing

Description

Plots the empirical mean residual life, with confidence intervals. The mean residual life plot provides a visual diagnostic tool to choose a threshold for exceedances.

Usage

mrlPlot(data, thresholds = NULL, conf = 0.95, npoints = 100)

Arguments

data	Vector of data.
thresholds	A numeric vector of threshold(s) to plot vertically. Defaults to NULL.
conf	The level of the confidence bounds to use. Defaults to 0.95.
npoints	The number of points to interpolate with. Defaults to 100.

Examples

x <- rgpd(500, loc = 0, scale = 1, shape = 0.1)
mrlPlot(x, thresholds = c(2))

eva documentation built on Jan. 13, 2021, 8:34 p.m.