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<br />36 <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Probably the most valuable piece of planning data following a <br /> <br />catastrophic flood is an accurate assessment of return period, Unfor- <br /> <br />tunately, it is also the most difficult datum to obtain. In making this <br /> <br />computation, the hydrologist is first faced with the decision of whether <br /> <br />to include the flood discharge in the flood frequency analysis. If it is <br /> <br />included and is the flood of record, then a return period of N + 1 (one <br /> <br />greater than the length of the hydrologic record) is derived. For ex- <br /> <br />ample, if 50 years of record exist for the Big Thompson then a return per- <br /> <br /> <br />iod of 51 years for the July 31 flood must follow. If, on the other hand, <br /> <br /> <br />the flood discharge is not included in estimating the frequency distribution, <br /> <br /> <br />then a higher return period will be obtained but one of the basic rules of <br /> <br /> <br />statistics has been violated by extrapolating beyond the range of data from <br /> <br /> <br />which the distribution was estimated. The hydrologist that follows this <br /> <br /> <br />method is also open to the criticism that commonplace events are being used <br /> <br />to determine a curve for predicting rare events. Numerous additional prob- <br /> <br />lems and sources of error accompany the determination of return periods <br /> <br />for truly large floods. The hydrologist cannot escape the question of <br /> <br />whether it is preferable to err with too high or too Iowa return period. <br /> <br />Too large a return period costs land owners dollars. An underestimate may <br /> <br />be paid for in lives as well as dollars. <br /> <br />The events of July 31, 1976 have focused attention on the need for <br /> <br />flood plain regulation in the Big Thompson Canyon. Federal, state and local <br /> <br />resources as well as considerable effort are being expended on this activity, <br /> <br />and we can be sure that the results will be an improvement over the pathetic <br /> <br />state of affairs that existed prior to the flood. In view of all the <br /> <br />attention being directed towards the Big Thompson, one cannot help but wonder <br />