Calculus and Statistics Methods
The hazard function, often represented as $h(t)$, describes the instantaneous risk of an event occurring at a particular time $t$, given that the event has not yet occurred. This function is crucial in survival analysis as it helps to understand the likelihood of failure or death at any specific moment, thus providing insights into the timing and nature of events in life data. It is closely related to survival functions and can be used to model various types of time-to-event data.
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