Abstract: | Our results illustrate the performance of at-site and regional GEV/PWM flood quantile estimators in regions with different coefficients of variation, degrees of regional heterogeneity, record lengths, and number of sites. Analytic approximations of bias and variance are employed. For realistic GEV distributions and short records, the index-flood quantile estimator performs better than a 2-parameter GEV/PWM quantile estimator with a regional shape parameter, or a 3-parameter at-site GEV/PWM quantile estimator, in both humid and especially in arid regions, as long as the degree of regional heterogeneity is moderate. As regional heterogeneity or record lengths increases, 2-parameter estimators quickly dominate. Flood frequency models that assign probabilities larger than 2% to negative flows are unrealistic; experiments employing such distributions provide questionable results. This appraisal generally demonstrates the value of regionalizing estimators of the shape of a flood distribution, and sometimes the coefficient of variation. |