dc.description.abstract | There are a wide range of industries that make use of theWeibull distribution, including
industrial engineering, general insurance, survival analysis, electrical engineering,
and reliability engineering, to name just a few. The Weibull distribution is expanded
to become the Weibull-Pareto distribution, also known simply as the Weibull distribution.
A notable use of the Weibull-Pareto distribution is in the modeling of
asymmetrical data, which is also one of its most important applications. During the
course of this inquiry, a hierarchical Bayesian model will be created with the use of
a Weibull-Pareto distribution as a reference. | en_US |