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On the computation of the extremal index for time series

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arxiv 1904.04936 v1 pith:6BUDH7KS submitted 2019-04-09 math.DS nlin.CD

classification math.DSnlin.CD
keywords extremalindexsystemsdynamicalintroducedpropertiesquantityannealed
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The extremal index is a quantity introduced in extreme value theory to measure the presence of clusters of exceedances. In the dynamical systems framework, it provides important information about the dynamics of the underlying systems. In this paper we provide a review of the meaning of the extremal index in dynamical systems. Depending on the observables used, this quantity can inform on local properties of attractors such as periodicity, stability and persistence in phase space, or on global properties such as the Lyapunov exponents. We also introduce a new estimator of the extremal index and shows its relation with those previously introduced in the statistical literature. We reserve a particular focus to the systems perturbed with noise as they are a good paradigm of many natural phenomena. Different kind of noises are investigated in the annealed and quenched situations. Applications to climate data are also presented.

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