Large number of random driving forces acting in a synchronised way may generate complex phenomena with non-linear inner interdependence. Complex modelling, identification of the interdependence structure, description of extremal behaviour, and long-term prediction — all heavily influenced by non-linearity — are the focus of interest of the research group. The problems we consider originate mainly from environmental applications, financial and actuarial risk management. Solutions may be provided by theoretical considerations as well as simulations, bootstrapping and cross validation techniques.
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