Search results for "Frequentist probability"
showing 2 items of 2 documents
Finding Prediction Limits for a Future Number of Failures in the Prescribed Time Interval under Parametric Uncertainty
2012
Computing prediction intervals is an important part of the forecasting process intended to indicate the likely uncertainty in point forecasts. Prediction intervals for future order statistics are widely used for reliability problems and other related problems. In this paper, we present an accurate procedure, called ‘within-sample prediction of order statistics', to obtain prediction limits for the number of failures that will be observed in a future inspection of a sample of units, based only on the results of the first in-service inspection of the same sample. The failure-time of such units is modeled with a two-parameter Weibull distribution indexed by scale and shape parameters β and δ, …
Confidence Interval or P-Value?: Part 4 of a Series on Evaluation of Scientific Publications
2009
An understanding of p-values and confidence intervals is necessary for the evaluation of scientific articles. This article will inform the reader of the meaning and interpretation of these two statistical concepts.The uses of these two statistical concepts and the differences between them are discussed on the basis of a selective literature search concerning the methods employed in scientific articles.P-values in scientific studies are used to determine whether a null hypothesis formulated before the performance of the study is to be accepted or rejected. In exploratory studies, p-values enable the recognition of any statistically noteworthy findings. Confidence intervals provide informatio…