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The hazard rate is the rate of death for an item of a given age (x). Part of the hazard function, it determines the chances of survival for a certain time.
Its advantages are representative estimates of average hazard ratios also for covariates with non-proportional and, in particular, converging hazard functions. The latter are often encountered in ...
The correspondence between a survival function and its hazard or failure-rate is a central idea in survival analysis and in the theory of counting processes. This correspondence is shown to be a ...
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