Interpretation summary for Warranty Prediction

Use Warranty Prediction to fit a chosen distribution to existing warranty data in order to predict future warranty claims.

Data description

A reliability engineer wants to predict warranty claims that are caused by defective refrigerator compressors. The engineer collects and analyzes monthly failure data for the previous year.

The engineer knows that the future production schedule is for 1000 units to be shipped each month. The failure data can be modeled using a Weibull distribution. After reformatting the pre-process warranty data, the engineer uses warranty prediction to forecast future warranty claims.

Data: CompressorFailures_preprocess.MTW

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