Fréchet Distribution

The Fréchet distribution is a statistical model used to describe the likelihood of extreme events, particularly large outliers or maxima, such as floods, financial crashes, or natural disasters. It belongs to a family called extreme value distributions and helps predict the probability of very rare, high-impact occurrences based on past data. Its shape depends on parameters that control how quickly the chances of extreme values decrease. Essentially, it’s a tool for understanding and estimating the risk of the most extreme outcomes in various natural or man-made systems.