An improved method for estimating the probability of extreme events was developed at VTT
Press release 23 January 2019 Researchers at VTT Technical Research Centre of Finland have developed a new and more accurate method for estimating the probability of extreme events, such as storms, floods and earthquakes. The new method will be used in updating building codes and land-use regulations, and is applicable also in developing artificial intelligence, as well as in economics and medical data analysis.Extreme events, such as storms, floods and earthquakes have always been disastrous to civilizations. Communities prepare for them by rigid constructions, flood banks, drainage