"Extreme-Value" Methods Simplified

Ralph R. Botts

Journal of Agricultural Economics Research, 1957, vol. 09, issue 3, 9

Abstract: New methods have been devised for fitting skewed statistical distributions that conform to a double exponential model. Such distributions characterize a large class of phenomena of interest to agricultural economists. Distributions of data involving rainfall, temperature, crop yields, crop-hail losses, and others follow this pattern,. The new technique, under the name of the theory of extreme values, makes use of graphics and is much less complex and time-consuming than older methods. But most of the available literature is highly mathematical and not easily understood. This paper presents a nonmathematical explanation for the working agricultural economist.

Keywords: Research and Development/Tech Change/Emerging Technologies; Research Methods/Statistical Methods (search for similar items in EconPapers)
Date: 1957
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:144927

DOI: 10.22004/ag.econ.144927

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