First Sentence:
In today's market, product warranty plays an increasingly important role in both consumer and commercial transactions.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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warranty reserve costs, item that fails prior, warranty region, expected warranty cost, warranties accurate signals, detailed system characterization, different warranty policies, identical new item, market signal theory, reliability improvement warranty, renewal function estimation, repair cost rate, warranty cost estimation, exercising warranty, reliability improvement warranties, base warranty, combination warranties, major appliance warranties, estimating warranty costs, warranty cost models, second consumer movement, simplified system characterization, total expected demand, cumulative warranties, rebate function
Key Phrases - Capitalized Phrases (CAPs):
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New York, Federal Trade Commission, Magnuson-Moss Warranty Act, Uniform Commercial Code, Management Science, John Wiley, Operations Research, Naval Research Logistics Quarterly, Journal of Consumer Affairs, United States, Journal of Marketing, Consumers Union, Los Angeles, The University of Queensland, Englewood Cliffs, Journal of Consumer Research, Marcel Dekker, Marketing Science, University of Southern California, Reliability Engineering, Stanford University, Financial Accounting Standards Board, General Motors Corp, The Conference Board, Code Ann
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