Maximum Value Distribution
The Type-III asymptotic distribution for the maximum values is useful whenever the parent distribution is defined over the range and has the form
where and are the parameters of the distribution. The above distribution denotes a uniform distribution when and a triangular distribution when . The Type-III extreme value distribution for the maximum value, , is given by
The corresponding PDF is
where is the upper bound of the initial distribution, is the characteristic maximum value of and is a shape parameter.
The mean and variance of are related to the parameters and as follows:
And
Minimum Value Distribution
The Type-III minimum value distribution can be used whenever the parent distribution is defined over the range and has the form
where and are the parameters of the distribution. In this case, the Type-III asymptotic distribution for the minimum value, , is given by
By differentiating the distribution function, the CDF can be obtained as
In this case mean and variance of are given by
And