The hazard function, also known as the hazard rate, is a statistical measure that describes the instantaneous risk of an event occurring at a specific time, given that the event has not yet occurred. It is commonly used in survival analysis to quantify the likelihood of failure or death in a given time interval, allowing for the assessment of the effect of covariates on the timing of events. The hazard function can provide insights into the dynamics of survival data, which is crucial for understanding various medical and reliability contexts.
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