The Oil Drum | Predicting Future Supply from Undiscovered Oil

78 comments on Predicting Future Supply from Undiscovered Oil

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WebHubbleTelescope on November 26, 2008 - 4:32pm

So the 'b' term looks like a residual of the fitting process, as it essentially determines the y-intercept of a best fit when they plot P against R.

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aangel on November 27, 2008 - 12:45pm

Yes it could be just a "residual" but in the abstract he suggests that in this case b has meaning — something to do with cost and pricing behavior.

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78 comments on Predicting Future Supply from Undiscovered Oil

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