1.
Open the Small Production.jmp sample data table, located in the Reliability folder.
2.
Select Analyze > Reliability and Survival > Reliability Forecast.
3.
On the Nevada Format tab, click Sold Quantity and Production Count.
4.
Select Sold Month and click Timestamp role.
6.
Observed Data Report
7.
Click the Life Distribution disclosure icon.
JMP fits production and failure data to a Weibull distribution using the Life Distribution platform. (Life Distribution Report). JMP then uses the fitted Weibull distribution to forecast returns for the next five months (Forecast Report).
Life Distribution Report
The Forecast report shows previous production on the left graph (Forecast Report). On the right graph, you see that the number of previous failures increased steadily over time.
Forecast Report
Production and Failure Estimates
Future Production Counts and Forecasted Failures