The hazard function is a concept used in survival analysis and event history analysis that represents the instantaneous rate at which events occur, given that an individual has survived up to a certain time. It helps to quantify the risk of an event happening at a specific time, providing insights into the likelihood of failure or occurrence over time. This function is crucial for modeling time-to-event data and understanding the dynamics of risk in various fields such as medicine, engineering, and social sciences.
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