The Reliability Forecast report contains the Observed Data report, Life Distribution report, and Forecast report. These tools help you view the current data, compare distributions to find the right fit, and then adjust factors that affect forecasting. Saving the forecast in a data table then lets you import the data into Microsoft Excel for use in financial forecasts. See Figure 9.1 Example of a Reliability Forecast for an example of the report.
The Reliability Forecast red triangle menu contains options for filtering the observed data by date and saving the data in another format. See Reliability Forecast Platform Options.
The Observed Data report gives you a quick view of Nevada and Dates data (Figure 9.11).
• Bar charts show the production and failure counts for the specified production periods.
• Line charts show the cumulative forecast by production period.
Note: Time-to-Event data does not include date-time information, such as production or failure dates, so the platform does not create an Observed Data report for this format.
The Life Distribution report lets you compare distributions and work with profilers to find the right fit. And when you select a distribution in the Forecast report, the Life Distribution report is updated. See Life Distribution for more information about this report. Some of the options described in the Life Distribution chapter are not available in the Life Distribution report in the Reliability Forecast platform.