Abstract
Hazard rate functions are often used in modeling of lifetime data. The Exponential Power Series (EPS) family has a monotone hazard rate function. In this article, the influence of input factors such as time and parameters on the variability of hazard rate function is assessed by local and global sensitivity analysis. Two different indices based on local and global sensitivity indices are presented. The simulation results for two datasets show that the hazard rate functions of the EPS family are sensitive to input parameters. The results also show that the hazard rate function of the EPS family is more sensitive to the exponential distribution than power series distributions.
Original language | English |
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Pages (from-to) | 1-15 |
Number of pages | 15 |
Journal | Communications in Statistics: Simulation and Computation |
Early online date | 9 Aug 2017 |
DOIs | |
Publication status | Published - 2017 |
Keywords
- Global sensitivity
- Hazard rate function
- Local sensitivity