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Likelihood Intervals in Reliability Profilers

Status: Acknowledged Submitted by on ‎05-25-2018 06:51 AM
1 Comment (1 New)

It would be great if Distribution and Quantile Profilers in the Reliability Platform optionally showed Likelihood Intervals instead of Wald Intervals.

 

As Likelihood Intervals tend to be more precise than Wald Intervals, we prefer Likelihood Intervals in Custom Estimation. When accompanying these estimations by Distribution/Quantile Profilers, however, it can get confusing when the intervals used in graphs don't reflect the custom estimations.

 

Ideally, Profilers could also optionally show one-sided intervals instead of two-sided ones.

 

Below is an example created with the JMP Sample Locomotive Data where except for the first 5 Failes all other observations were set to "Censored".

LikelihoodIntervals_inGraph.JPG

1 Comment
Sarah-Sylvestre
Level V
‎12-14-2022 11:46 AM
‎12-14-2022 11:46 AM
Status changed to: Acknowledged

Hi @gerd, thank you for your suggestion! We have captured your request and will take it under consideration.