“…To select a suitable threshold, many methods have been proposed, such as graphical diagnostics (Coles, 2001;Sánchez-Arcilla et al, 2017;Bernardara et al, 2014), empirical methods (Ferreira et al, 2003;Neves and Alves, 2004;Reiss and Thomas, 2007), probabilistically based techniques (Hill, 1975;Beirlant et al, 2006;Goegebeur et al, 2008), computational approaches (Danielsson et al, 2001;Beguería, 2005; and mixture models (Carreau and Bengio, 2009;Eastoe and Tawn, 2010;MacDonald et al, 2011). Among these methods, a graphical diagnostic referred to as the sensitivity of the return-significant wave height to the threshold (Scarrott and MacDonald, 2012) is commonly accepted (Petrov et al, 2013;Northrop and Coleman, 2014;Vanem, 2015b;Northrop et al, 2017;Sulis et al, 2017).…”