Answers are grounded in this paper and cite their sources.
A class of first-order autoregressive processes is given for which the extreme value limit theorems of Loynes and Leadbetter do not apply. A limit theorem is derived for these processes that depends on the parameter r, an integer greater than or equal to 2.
No takes yet. Share an insight, caveat, or question.
Michael R. Chernick (1981) studied this question.
Synapse has enriched 5 related papers. Consider them for comparative context: