Which of the following statements is (are) FALSE concerning extreme value distributions?
- Using block maxima, local maxima may not resemble extreme observations.
- Small tails reduce the variance of the estimator in cluster analysis.
- The two classes of EVT models are block maxima and generalized extreme value distribution.
A. I and II only. B. I and III only. C. I, II, and III. D. II and III only.
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