A parametric accelerated-failure-time (AFT) model fits survival times to a chosen distribution — Weibull, exponential, log-normal, log-logistic, Gaussian or gamma.
Parametric survival models assume a specific distribution for survival times. The AFT parametrisation models log(T) as a linear function of covariates with a distributional error: log(T) = α + β'X + σ·W. Each distribution corresponds to a specific shape for W (e.g. extreme-value for Weibull, logistic for log-logistic).
Trade-offs vs Cox PH: parametric models can extrapolate beyond the observed time range (Cox can't) and are more efficient when the distribution is correctly specified. But you have to pick the distribution — compare candidate fits by AIC and check Q-Q plots of residuals.
Weibull is the most flexible monotonic-hazard option; log-normal and log-logistic accommodate non-monotonic hazards (rising then falling); exponential is constant-hazard and rarely realistic but sometimes acceptable for short windows.
Time + event status + distribution (Weibull / exponential / log-normal / log-logistic / gaussian / gamma).
Distribution-specific interpretable parameters (shape, rate, median, etc.) + native regression coefficients + logLik / AIC / BIC.
Compare AIC across distributions; pick the lowest as the best-fitting family. Differences < 2 AIC ⇒ models are essentially indistinguishable.
Weibull shape k > 1 ⇒ increasing hazard, k < 1 ⇒ decreasing, k = 1 ⇒ exponential (constant).