M03 Assessing & Selecting Models for Time-to-Failure Data

Module 3 Assessing & Selecting Models for Time-to-Failure Data

Lesson M03-00

Text: Section 5

Duration: 2 minutes

Introduction to Assessing & Selecting Models for Time-to-Failure Data Module

Module 3 focuses on how we determine appropriate models for describing the time-to-failure data.  We introduce Probability plots and goodness-of-fit statistics that assist in determining which distributions may provide a good fit to the data.  We also learn how to handle censoring and multiple failure modes when attempting to find reasonable models for the data.