Criteria | Non-parametric method | Parametric method | Semi-parametric method |
---|---|---|---|
Method Scope and Completeness | Implementing a multi-step approach for the desired outcomes | Implementing a multi-step approach for the desired outcomes | Implementing a one-step approach for the desired outcomes |
Data Availability and Abundance | Employing a partial dataset for each step | Employing a partial dataset for each step | Employing full dataset simultaneously |
Variable Categorization | Failure-related variables | Failure-related variables | Failure-related and non-failure-related variables |
Uncertainty Quantification | 0.28 | 0.11 | 0.15 |
Extrapolation Capability and Predictive Power | Null | Extrapolation beyond the data range | Extrapolation beyond the data range |