+ Reply to Thread
Results 1 to 3 of 3

Thread: Hazard rate of the Pareto distribution

  1. #1
    Points: 734, Level: 14
    Level completed: 34%, Points required for next Level: 66

    Posts
    22
    Thanks
    1
    Thanked 0 Times in 0 Posts

    Hazard rate of the Pareto distribution




    I need to calculate the hazard rate of the Pareto distribution.

    I know that the residual life distribution looks at the remaining waiting time given that you have already waited for a certain amount of time x, and the hazard rate can be thought of as the likelihood of the wait time ending now, given that you have waited x time already

    But I don't quite see how to use that in order to compute it.

  2. #2
    TS Contributor
    Points: 12,501, Level: 73
    Level completed: 13%, Points required for next Level: 349

    Posts
    951
    Thanks
    0
    Thanked 103 Times in 100 Posts

    Re: Hazard rate of the Pareto distribution

    All things are known because we want to believe in them.

  3. The Following User Says Thank You to Mean Joe For This Useful Post:

    endlessend25 (12-17-2016)

  4. #3
    Points: 734, Level: 14
    Level completed: 34%, Points required for next Level: 66

    Posts
    22
    Thanks
    1
    Thanked 0 Times in 0 Posts

    Re: Hazard rate of the Pareto distribution


    Perfect ! What I needed

+ Reply to Thread

           




Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts






Advertise on Talk Stats