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Keywords: bayesian inference
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Proceedings Papers

Paper presented at the SPE/AAPG/SEG Asia Pacific Unconventional Resources Technology Conference, November 16–18, 2021
Paper Number: URTEC-208335-MS
... to combine different models’ predictions using Bayesian statistics. First, we perform Bayesian inference and generate probabilistic production forecasts for four rate-time models (Arps’ hyperbolic, logistic growth, single-phase, and two-phase scaled solution of the diffusivity equation). Second, we evaluate...

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