Excessively long blocks lower asymptotic relative efficiency in the block-maxima method, and new likelihood and diagnostic procedures are proposed to check whether a chosen length is adequate under rounding or censoring.
Philosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences , volume = 360, number = 1796, pages =
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Excessively long blocks lower asymptotic relative efficiency in the block-maxima method, and new likelihood and diagnostic procedures are proposed to check whether a chosen length is adequate under rounding or censoring.