Table 3.

Results from fitting the GPD model

Estimate	MLE		PWM
	Right tail	Left tail	Right tail	Left tail
	$u=0.8$	$u=0.15$	$u=0.8$	$u=0.15$
Shape parameter $(\widehat{\mathit{\xi }})$	0.6339	0.4455	0.6147	0.43
Conf. interval (lower, upper)	(0.3968, 0.8702)	(0.2777, 0.6133)	(0.2871, 0.7994)	(0.2647, 0.6021)
Std. error	0.12097	0.0856	–	0.12064
Scale parameter $(\widehat{\mathit{\sigma }})$	0.4142	0.4329	0.4153	0.4348
Conf. interval (lower, upper)	(0.3048, 0.5237)	(0.3482, 0.5177)	(0.3139, 0.5622)	(0.3492, 0.5201)
Std. error	0.05584	0.04323	0.1306	0.04863