Input: A sequence of input data latency L= l1, l2 … ln. |
Distribution model M = {Gamma, LogNormal, Weibull}. |
Output: Probability density function for distribution model, Hazard rate. |
• H(⋅|x) is a hazard rate that models the probability of an event to occur at time t. |
• F(t) is the Probability Density Function for input data. |
• μ = Scale, σ = Shape. |
Step-1: Identify the suitable distribution model m ∈ M. // find the suitable distribution model |
Step-2: Calculate the probability distribution function for model m. // Fit the model |
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Step-3: Calculate hazard rate // Forecast the probability of delay |