A comparative analysis of crude oil life-cycle models

An alternative to a logistic function form life-cycle model for crude oil is presented. Development of the polynomial model is discussed and empirically estimated parameters are examined for consistency. The logistic and polynomial functions are compared on the basis of their descriptive and predictive characteristics.

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Year of publication:	1988
Authors:	Hotard, Daniel G.
Published in:	Energy. - Elsevier, ISSN 0360-5442. - Vol. 13.1988, 4, p. 313-318
Publisher:	Elsevier

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010808771