“…Using the long-term condition monitoring data is a crucial element in both diagnostics and prognostics. Many methods published in recent years for CBM can be categorized into four main groups [1]: stochastic-based [2,3,4,5,6,7,8], machine learning-based [9,10,11,12], physics or model-based [13,14], and hybrid methods [15,16]. Both machine learning and stochastic approaches such as neural networks [12,17,18,19,20,21,22,23] and hidden Markov models (HMM) [24,25,26,27,28,29] have strong potential to be used for diagnostics and prognostics areas.…”