Why would I care about the fact that only 10% of turbines globally have Siemens sensors? I don't know the failure data outside of the turbines I own and operate, and those are the only ones I need to predict failures for.
Why would I care about the fact that only 10% of turbines globally have Siemens sensors? I don't know the failure data outside of the turbines I own and operate, and those are the only ones I need to predict failures for.
Say that turbines have an average lifespan of X years, and from year 0 to 10 you bought 90% Siemens and then from year 10 to 20 you bought 10% Siemens and then you measure failure rates from year X to year X+10.
Based on that data you would predict that Siemens turbines will be the most likely to fail next, but they are probably actually less likely to fail because most of the ones that are likely to fail soon are already gone.
It could be a spurious correlation, sure - but that'll go away as the amount of data increases.