On the relationship between the reversed hazard rate and elasticity (Q744752)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | On the relationship between the reversed hazard rate and elasticity |
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On the relationship between the reversed hazard rate and elasticity (English)
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26 September 2014
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The usefulness of the reverse hazard rate function is discussed. Some properties of the reverse hazard rate function for both the continuous and the discrete case are given and discussed in Section 2. In Section 3, interpretations of the reverse hazard rate function are considered. At the end of the paper, an example for reasoning a probability distribution through elasticity is given.
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elasticity function
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hazard function
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probability distribution
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rate of increase
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reversed hazard function
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statistical characterization
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