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Generalized pareto distribution

family of probability distributions often used to model tails or extreme values

Pronunciation
/ˈʤɛnərəˌlaɪzd pəˈrɛdoʊ ˌdɪstrəˈbjuʃən/
/ˈʤɛnərəlʌɪzd paˈreɪtəʊ dɪstrɪˈbjuːʃən/