Research Article
Risk Analysis of Gold Prices in Pakistan Using Extreme Value Theory
Table 5
Parameter estimation of GEV distribution based on the Maximum Likelihood method.
| | Parameter | Location (standard error) | Scale (standard error) | Shape (standard error) |
| | Monthly | 0.0063 (0.0003) | 0.0031 (0.00002) | 0.2657 (0.0981) | | Quarterly | 0.0101 (0.0007) | 0.0039 (0.0003) | 0.2618 (0.1822) | | Yearly | 0.0151 (0.0011) | 0.0038 (0.000002) | 0.5181 (0.5405) |
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