Life Data Analysis with Only 2 Failures
Here’s a common problem: You have been tasked with peering into the future to predict when the next failure will occur.
Predictions are tough.
One way to approach this problem is to analyze the history of failures of the most typical system. The issue looms larger when you have only two observed failures from the population of systems in question.
While you can fit a straight line to two failures and account for all the systems that operated without failure, it is not very satisfactory. It is at best a crude estimate.
Let’s not consider calculating MTBF. That would not provide useful information as regular readers already know. So what can you do given just two failures to create a meaningful estimate of future failures? Let’s explore a couple of options. [Read more…]
