64th ISI World Statistics Congress

64th ISI World Statistics Congress

Mixed-frequency extreme value regression: estimating the effect of Mesoscale Convective Systems on extreme rainfall intensity

Conference

64th ISI World Statistics Congress

Format: IPS Abstract

Keywords: extreme-value theory, mixed-frequency

Session: IPS 259 - Canadian Contributions to the Statistical Sciences

Thursday 20 July 10 a.m. - noon (Canada/Eastern)

Abstract

Understanding and modeling the determinants of extreme hourly rainfall intensity is of utmost importance for the management of flash flood risk. Increasing evidence shows that mesoscale convective systems (MCS) are the principal driver of extreme rainfall intensity in the United States. We use extreme value statistics to investigate the relationship between MCS activity and extreme hourly rainfall intensity in Greater St. Louis, an area particularly vulnerable to flash floods. Using a block maxima approach with monthly blocks, we find that the impact of MCS activity on monthly maxima is not homogeneous within the month/block. To appropriately capture this relationship, we develop a mixed-frequency extreme value regression framework accommodating a covariate sampled at a frequency higher than that of the extreme observation. This is joint work with L. Trapin (University of Bologna).