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Combining judgmental assessments using a classical probabilistic hierarchical model helps insure logical coherence of probability assessments by geologists of petroleum volumes in multiple, probabilistically dependent assessment units and allows easy study of how the predictive distribution of...
Persistent link: https://www.econbiz.de/10010195115
Prior to his untimely death, my friend Dave Wood gave me wise counsel about how best to organize a paper that would describe the uses of statistics in oil and gas exploration. A preliminary reconnaissance of the literature alerted me to the enormous range of topics that might be covered....
Persistent link: https://www.econbiz.de/10004983967