Failure rate of Birnbaum-Saunders distributions: shape, change-point, estimation and robustness (Q2415494): Difference between revisions

For a given symmetric random variable $Z$ on $\mathbb{R}$, a random variable $T$ with the corresponding generalised Birnbaum-Saunders distribution (with parameters $\alpha$ and $\beta$) is defined by \[ T=\beta\left(\frac{\alpha Z}{2}+\sqrt{\left(\frac{\alpha Z}{2}\right)^2+1}\right)^2\,. \] The authors investigate the properties and estimation of the failure rate of this random variable $T$ in the cases where $Z$ has either a standard normal, logistic or Student's-$t$ distribution. This includes a simulation study and application to real-world data.