An method on dealing with field failure data that are heavily censored(failures recorded as 0.5 -1.5% for each month). The data consists of failures for the past 28 months. Need to estimate failures for the next 12 months.
plot the hazard function and see whether it looks like the hazard function for any theoretical distribution. if yes ( you are lucky) then that should guide your analysis. for instance if the hazard is weibull, then you assume weibull distribution and then go forward from there.