Survival Analysis

calender iconUpdated on July 09, 2023
corporate finance and accounting
corporate insurance

Table of Contentstable of content icon

Survival analysis is a statistical method used to analyze the time-to-event data, where the event is typically death or a particular occurrence of interest. It is a powerful tool for exploring and understanding the survival curves of a population.

Key concepts in survival analysis:

  • Survival function: Describes the probability of surviving beyond a given time point.
  • Hazard function: Describes the rate of events occurring at different time points.
  • Log-rank test: Tests for differences in survival curves between groups or treatments.
  • Cox proportional hazards model: Regresses the hazard function on covariates to assess the impact of factors on survival.
  • Kaplan-Meier curves: Graphical representation of the survival function.

Common survival analysis techniques:

  • Kaplan-Meier curves: Plot the estimated survival function, including confidence intervals.
  • Log-rank test: Compare survival curves between groups or treatments.
  • Cox proportional hazards model: Estimate the hazard function and its relationship with covariates.
  • Survminer package: Provides R functions for survival analysis, including curve plotting and comparison.
  • Survfit package: Implements parametric survival models for curve fitting and comparison.

Applications of survival analysis:

  • Medical research: Analyzing patient survival and survival outcomes.
  • Quality of life studies: Assessing the impact of interventions on quality of life.
  • Epidemiology: Studying disease incidence and mortality patterns.
  • Reliability engineering: Evaluating the reliability of systems.

Benefits of survival analysis:

  • Provides insights into survival patterns: Helps understand the factors influencing survival.
  • Allows for comparison of survival curves: Enables comparisons between groups or treatments.
  • Informs treatment decisions: Supports informed decisions about treatment options.
  • Informs patient counseling: Provides information for patient counseling and expectations.

Challenges of survival analysis:

  • Data requirements: Needs sufficient time-to-event data.
  • Interpretation: Requires careful interpretation of results.
  • Assumptions: Assumes the underlying assumptions of the model are met.

Overall, survival analysis is a valuable statistical tool for analyzing time-to-event data, providing insights into survival patterns and outcomes.

Categories

Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548):

The SEBI Registration No. allotted to us is INZ000313732.
NSE Member Code: 90326| BSE Member Code: 6808| MCX Member Code: 57120
DP CDSL: 12099800

Compliance Officer : Mr. Randhir Kumar Chaudhari
Tel no: 011- 49022222 / 011-49022277
Email: randhir@pocketful.in

Registered Address/Correspondence Address: C- 3, Ground Floor, Okhla Industrial Area, Phase - 1, New Delhi - 110020

For any complaints, drop us an email atlegal@pocketful.in

Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID.

Smart Online Dispute Resolution|Link To Circular|Procedures and Policies|Broker Investor Charter|DP Investor Charter

Benefits: Effective Communication, Speedy redressal of the grievances.

Benefits: Effective Communication, Speedy redressal of the grievances.

Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI and our Terms of Use and Privacy Policy.
The brand name Pocketful and logo is in process of trademarks registration. The cost-effective brokerage plans make Pocketful a trustworthy and reliable online stock broker. Available on both the web and mobile, it offers unmatched convenience to traders. If you are considering opening......

Read More