System and method for predicting the timing of future service events of a product

This disclosure relates generally to servicing products and systems and more particularly to predicting the timing of future service events of a product or a system. A system and method for predicting timing of future service events of a product. A database contains a plurality of service information and performance information for the product. A statistical analyzer analyzes the plurality of processed service information to determine a plurality of compartment failure information. A performance deterioration rate analyzer analyzes the performance deterioration rate of the product from the plurality of service information and performance information. A simulator, simulates a distribution of future service events of the product according to the plurality of compartment failure information and the performance deterioration rate analysis.