Which key life metrics are estimated using historical failure data and distributions like Weibull for physical assets?

Answer

MTBF and MTTR

Analysts use historical failure data, often expressed through Weibull or exponential distributions, to estimate critical life metrics like Mean Time Between Failures (MTBF) and Mean Time To Repair (MTTR).

Which key life metrics are estimated using historical failure data and distributions like Weibull for physical assets?
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