The minimum extreme distribution is continuous. It is commonly used to describe the smallest value of a response over a period of time: for example, rainfall during a drought. This distribution is closely related to the maximum extreme distribution.
After you select the Likeliest parameter, you can estimate the Scale parameter. The Scale parameter is a number greater than 0. The larger the Scale parameter, the greater the variance. |
Conditions and parameters are complex. See: Castillo, Enrique. Extreme Value Theory in Engineering. London: Academic Press, 1988.