The Reliability Forecast report contains the Observed Data, Life Distribution, and Forecast reports. Use these reports to view the current data, compare distributions to find the right fit, and then adjust factors that affect forecasting. You can also save the forecast to a data table for use in financial forecasts. See Figure 10.1 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.
In the Reliability Forecast platform, the Observed Data report provides a quick view of Nevada and Dates data (Figure 10.11).
• 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.
In the Reliability Forecast platform, the Life Distribution report enables you to compare distributions and work with profilers to find the right fit. When you select a distribution in the Forecast report, the Life Distribution report is updated. For more information about this report, see “Life Distribution”. (Some of the options described in the Life Distribution chapter are not available in the Life Distribution report in the Reliability Forecast platform.)