Адекватность Кривых Хабберта Для Прогнозирования Темпов Добычи Нефти [The adequacy of Hubbert’s curves for the forecasting of the rates of oil extraction]
Our approach is based on the use of the Durbin-Watson statistic and other statistical criteria for the specification of the number of nonlinear summands in the empirical model of M.K. Hubbert. Using alternate criteria, we compare the dynamics of oil extraction over recent years for the USA and Russia. We show that this approach provides a model that is inconsistent with the reserve estimates, and so it cannot be used as an accurate tool for the forecasting of the rates of oil extraction.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
479.
Find related papers by JEL classification: Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply
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