Return period: Difference between revisions
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<div class="definition"><div class="short_definition">( | <div class="definition"><div class="short_definition">(''Also called'' recurrence interval.) The average time until the next occurrence of a defined event.</div><br/> <div class="paragraph">When the time to the next occurrence has a geometric distribution, the return period is equal to the inverse of [[probability]] of the event occurring in the next time period, that is, ''T'' = 1/''P'', where ''T'' is the return period, in number of time intervals, and ''P'' is the [[probability]] of the next event's occurrence in a given time interval.</div><br/> </div> | ||
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Latest revision as of 15:00, 20 February 2012
return period
(Also called recurrence interval.) The average time until the next occurrence of a defined event.
When the time to the next occurrence has a geometric distribution, the return period is equal to the inverse of probability of the event occurring in the next time period, that is, T = 1/P, where T is the return period, in number of time intervals, and P is the probability of the next event's occurrence in a given time interval.
