 Frequency of exceedance

Frequency of exceedance is a statistical concept commonly used in fields such as hydrology, meteorology, and risk assessment. It refers to the likelihood or probability that a certain event (e.g., rainfall, flooding, or an earthquake) will exceed a specific threshold within a given time period. To elaborate: 1. **Definition**: The frequency of exceedance quantifies how often an event is expected to be exceeded in a specific time frame.