#209 – HOW TO ESTIMATE THE NUMBER OF FAILURES NEXT MONTH – FRED SCHENKELBERG

Featured

ABC-Fred-150x150Let’s say you have shipped 1,000 products to your customer on January 1st. All are immediately placed into service. And each month since you have received a few product returns, what we are going to call failures. We also have fitted the data to a Weibull distribution. Then in May, your boss asks you to estimate how many failures to expect in June. Continue reading