Hazard plotting, Advanced Statistics

Hazard plotting is based on the hazard function of a distribution, this procedure gives estimates of distribution parameters, the proportion of units failing by the given time period, percentiles of the distribution, the behaviour of failure rate of the units as a function of time, and conditional failure probabilities for units at any period of time.

Posted Date: 7/28/2012 7:01:50 AM | Location : United States

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