calc_returnValue_fevd {climextRemes}

Calculates return value and standard error given return period(s) of interest

Description

Calculates return value (also known as the return level) given return period(s) of interest, using model fit from extRemes::fevd. Standard error is obtained via the delta method. The return value is the value for which the expected number of blocks until an event that exceeds that value is equal to the return period. For non-stationary models (those that include covariates for the location, scale, and/or shape parameters, return values and standard errors are returned for as many sets of covariates as provided.

Usage

calc_returnValue_fevd(fit, returnPeriod, covariates = NULL)

Arguments

fit

fitted object from extRemes fevd

returnPeriod

value(s) for which return value is desired

covariates

matrix of covariate values, each row a set of covariates for which the return value is desired