A comparative analysis of crude oil life-cycle models

Daniel G. Hotard

Energy, 1988, vol. 13, issue 4, 313-318

Abstract: 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.

Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:13:y:1988:i:4:p:313-318

DOI: 10.1016/0360-5442(88)90026-6

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