Methods, systems, and computer program products for generating estimates of failure risk for a vehicular component in situations of high-dimensional and low sample size data are provided herein. A method includes splitting a first input time series comprising multiple data points derived from a vehicular component across a fleet of multiple vehicles into multiple sub-time series; generating a first failure status predicting function of a first selected sub-time series; deleting, from the first input time series, the portion of the data points that corresponds to the first selected sub-time series; repeating the preceding two steps for a second selected sub-time series; generating a second failure status predicting function of each selected sub-time series; applying each second failure status predicting function to a second input time series to calculate prediction of failure values; and identifying the largest prediction of failure value as an estimate of failure risk for the vehicular component.