Transcribed

LOR17: Extremes and Outliers

May 3, 2025 · 12m 28s
LOR17: Extremes and Outliers
Description

In this episode, we dive into the critical difference between extremes and outliers. As we will soon discover, understanding this distinction is vital for accurate modeling, especially when assessing (tail)...

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In this episode, we dive into the critical difference between extremes and outliers. As we will soon discover, understanding this distinction is vital for accurate modeling, especially when assessing (tail) risk.
We'll explore how both concepts relate to the range of possible values--the support--of a random variable and show you how to avoid common modeling pitfalls. 
Are you ready to take the risk?
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Author Pasquale Cirillo
Organization Pasquale
Website -
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