Module 7 Analysis of Warranty Data

Lesson M07-00

Text: Section 13, pages 2 – 11

Duration: 1 minutes

Introduction to the Analysis of Warranty Data Module

The models developed to analyze time-to-failure data may be used to develop forecasts of the number of failures that may be expected over time.  This is useful for estimating warranty costs, estimating spare part requirements, and reacting to emerging field concerns.  In this module, we learn how to use conditional failure probability to predict the number of failures during the forecast period.