Regardless, that post was a great read.
Regardless, that post was a great read.
You should never, ever extrapolate. It doesn't matter what your model is, it won't work.
On a side note, it could be that there is a breakpoint at Magnitude 7.25, where the slope of the line really changes, and a segmented linear regression is appropriate (https://en.wikipedia.org/wiki/Segmented_regression). But we would need more data to be sure, anyway.
But a sensible thing to do would be to draw many samples from the posterior distribution, instead of just using the maximum likelyhood estimate. That way the prediction accurately represents the uncertainty resulting from not having any data above magnitude 8 as well as, perhaps, your background knowledge that earthquakes of magnitude 15 never happen.
I was also curious about how the data in the past few years did not follow the same trend as before. Does anyone know if that is what geologists call to be 'overdue' to an earthquake? Like California is supposed to be for a while?
Here's another plot, this time from UK seismic frequency, where again the frequency for high magnitude earthquakes seem 'under' the expected curve. Yet, again, these are 2 plots...
http://www.frontiersin.org/files/Articles/233038/fbuil-02-00...