Prediction Analysis Based on Logistic Regression Modelling

Zaloa Sanchez-Varela

A chapter in Advances in Principal Component Analysis from IntechOpen

Abstract: The chapter aims to show an application of logistic regression modelling for prediction analysis in the offshore industry. The different variables shown in dynamic positioning incident reports are analysed and processed using logistic regression modelling. The results of the models are then analysed, showing which data influence the loss of positioning and human errors and how the model can be interpreted. Afterwards, and based on the obtained models, operational limits can be proposed to reduce downtimes and thus improve the safety of the operations and the productivity of the offshore operations when using dynamic positioning systems.

Keywords: regression modelling; dynamic positioning; offshore; drilling; human error (search for similar items in EconPapers)
JEL-codes: C10 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:256849

DOI: 10.5772/intechopen.103090

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