Probability estimation of a Carrington-like geomagnetic storm

Intense geomagnetic storms can cause severe damage to electrical systems and communications. This work proposes a counting process with Weibull inter-occurrence times in order to estimate the probability of extreme geomagnetic events. It is found that the scale parameter of the inter-occurrence time...

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Bibliographic Details
Authors: Moriña, David, Serra, Isabel, Puig, Pedro, Corral, Alvaro
Format: article
Status:Published version
Publication Date:2019
Country:España
Institution:Universidad de Barcelona
Repository:Dipòsit Digital de la UB
OAI Identifier:oai:diposit.ub.edu:2445/171594
Online Access:https://hdl.handle.net/2445/171594
Access Level:Open access
Keyword:Tempestes
Geomagnetisme
Storms
Geomagnetism
Description
Summary:Intense geomagnetic storms can cause severe damage to electrical systems and communications. This work proposes a counting process with Weibull inter-occurrence times in order to estimate the probability of extreme geomagnetic events. It is found that the scale parameter of the inter-occurrence time distribution grows exponentially with the absolute value of the intensity threshold defining the storm, whereas the shape parameter keeps rather constant. The model is able to forecast the probability of occurrence of an event for a given intensity threshold; in particular, the probability of occurrence on the next decade of an extreme event of a magnitude comparable or larger than the well-known Carrington event of 1859 is explored, and estimated to be between 0.46% and 1.88% (with a 95% confidence), a much lower value than those reported in the existing literature.