The Extreme Value Distribution (EVD) is a statistical model used to describe the behavior of the maximum or minimum values in a dataset. It helps in understanding the likelihood of extreme events, such as the highest flood levels or the lowest temperatures, occurring over a specified period. The EVD is particularly useful in fields like meteorology, finance, and engineering. There are three main types of extreme value distributions: the Gumbel, Fréchet, and Weibull distributions. Each type is suited for different kinds of data and extreme value scenarios. By applying the EVD, researchers can make informed predictions about rare events and assess risks associated with them.