Exponential Distribution - Parameter Estimation |
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The exponential probability density function is where q is the mean. Three popular methods for parameter estimation for the exponential distribution are are After distribution parameters have been estimated, reliability estimations and predictions are used for evaluations. The maximum likelihood estimation section explains how this can be done manually, but because of the complexity of the calculations, manual methods are not recommended. The predicting module explains how to estimate reliability using The Reliability and Maintenance Analyst software package. |