Stochastic Modeling and Statistical Methods: Advances and Applications is the practical guide to the latest developments in data analysis and research methods. The book explores the significant research progress that has been seen in recent decades, offering vital tools for analyzing modern applications and real data. Topics covered include Dynamic Reliability, Stochastic Modeling, System Maintainability, and Parametric, Semi-Parametric, and Nonparametric Statistical Inference. Readers will find the latest advancements in these areas, making it an essential resource for researchers and practitioners who want to explore these evolving fields and stay updated on cutting-edge research. - Presents the latest breakthroughs in Reliability Engineering, along with current perspectives on the field - Includes shared, practical knowledge of contemporary statistical modeling techniques, thus enhancing analytical skills - Covers the probabilistic methods used to investigate various applications in Reliability Engineering