Application of Extreme Value Analysis in the Assessment of Budget Variance Risk

This paper presents the methods for the evaluation of budget variance risk, i.e. the risk of a difference between the budgeted and actual figures. The postulated approach is based on extreme value analysis (EVA), to offer, among other things, the evaluation of maxima distribution parameters for stud...

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Bibliographic Details
Main Authors: Zdzisław Kes, Łukasz Kuźmiński
Format: Article
Language:English
Published: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu 2019-01-01
Series:Ekonometria
Online Access:https://journals.ue.wroc.pl/eada/article/view/899
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