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Tests of fit are given for the generalized Pareto distribution (GPD) based on Cramér–von Mises statistics. Examples are given to illustrate the estimation techniques and the goodness-of-fit procedures. The tests are applied to the exceedances over given thresholds for 238 river flows in Canada; in general, the GPD provides an adequate fit. The tests are useful in deciding the threshold in such applications; this method is investigated and also the closeness of the GPD to some other distributions that might be used for long-tailed data.
Choulakian et al. (Thu,) studied this question.
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