An Integrated Model of Oil Production
作者： John R. Moroney , M. Douglas Berg
DOI: 10.5547/ISSN0195-6574-EJ-VOL20-NO1-6
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摘要: This paper demonstrates that models which combine the physical reserves of oil with economic and regulatory variables provide better forecasts future production than based on either or alone. Four alternative are specified estimated. Out-of-sample show a model combining reserves, lagged production, real price performs much alone
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