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INVESTIGATION OF A TECHNIQUE FOR ESTIMATING THE PROBABILITY DISTRIBUTION OF FIRE LOSS BASED ON EXTREME VALUE THEORY

Rogers, F.E., 1976. INVESTIGATION OF A TECHNIQUE FOR ESTIMATING THE PROBABILITY DISTRIBUTION OF FIRE LOSS BASED ON EXTREME VALUE THEORY. Fire Research Notes 1062


ABSTRACT

The feasibility of applying a model based on the theory of extreme values to the problems of estimating the parameters of the distribution of overall fire loss, and of estimating the annual total loss in fires is investigated. Results and comprehensive discussion of the results are given for the Textile industry for the years 1966-72. The treatment of the subject is of necessity highly mathematical and somewhat complex in nature cut further publications giving details of practical applications are in course of preparation.



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