An improved method for estimating the probability of extreme events
Wednesday, January 23, 2019 - 08:30
in Mathematics & Economics
Researchers at VTT Technical Research Centre of Finland have developed a new and more accurate method for estimating the probability of extreme events, such as storms, floods and earthquakes. The new method will be used in updating building codes and land-use regulations, and is applicable also in developing artificial intelligence, as well as in economics and medical data analysis.