Actuarial Mathematics
Accelerated failure time models are a class of survival analysis techniques that focus on modeling the time until an event occurs, such as failure or death, by relating it to explanatory variables. These models assume that the effect of covariates accelerates or decelerates the life time of an individual, thereby affecting the time until the event of interest. They provide an alternative approach to traditional survival models by emphasizing the time variable rather than the hazard function.
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