ALTA ALTA Standard Folio Data IPL-Weibull: Difference between revisions

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==IPL-Weibull==
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The IPL-Weibull model can be derived by setting  <math>\eta =L(V)</math> , yielding the following IPL-Weibull  <math>pdf\ \ :</math>
 
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::<math>f(t,V)=\beta K{{V}^{n}}{{\left( K{{V}^{n}}t \right)}^{\beta -1}}{{e}^{-{{\left( K{{V}^{n}}t \right)}^{\beta }}}}</math>
 
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This is a three parameter model. Therefore it is more flexible but it also requires more laborious techniques for parameter estimation. The IPL-Weibull model yields the IPL-exponential model for  <math>\beta =1.</math>
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