1.21 Assume that C represents the average cost for n, wells drilled to a mean depth,...
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1.21 Assume that C₁ represents the average cost for n, wells drilled to a mean depth, D,, and that C₁ varies approximately exponentially with depth such that an expression C=qebD can be used to curve fit N observed values of ni, C₁, and D₁. If we define a residual error, r₁, as InG, r₁=n; In C it is possible to determine the constants a and b using the N observed values of n,, Di, and C; such that the sum of the residuals squared has a minimum value. Derive expressions for a and b that result in a minimum value of £. 7. (= 1 1.21 Assume that C₁ represents the average cost for n, wells drilled to a mean depth, D,, and that C₁ varies approximately exponentially with depth such that an expression C=qebD can be used to curve fit N observed values of ni, C₁, and D₁. If we define a residual error, r₁, as InG, r₁=n; In C it is possible to determine the constants a and b using the N observed values of n,, Di, and C; such that the sum of the residuals squared has a minimum value. Derive expressions for a and b that result in a minimum value of £. 7. (= 1
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Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
Posted Date:
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