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A Study on Prediction of Output in Oilfield Using Multiple Linear Regression

Mustafar, Izni (2011) A Study on Prediction of Output in Oilfield Using Multiple Linear Regression. Universiti Teknologi PETRONAS. (Unpublished)

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Abstract

This report basically discusses about method that has been done to validate this study, which is A Study on Prediction of Output Oilfield Using Multiple Linear Regression. The objective of the project is to come out with a solution on how to predict the output of oilfield using multiple linear regressions. The basic method is to establish the linear relationship between oil output in oilfield and the influencing factors. An oilfield is an area with reserves of recoverable petroleum, especially one with several oil-producing wells [lJ· The challenge in this project is to find the variable for the output of oilfield because here are numerous factors affecting output in an oilfield. The relationship between field output and one of the affecting factors is unscientific and are not precise, which it is needed to come out with a simple and more accurate. After a several studies have been made, there are some factors affecting the output that were identified as variables for the output in an oilfield. There are 8 parameters that have been identified to predict the oilfield of output. Then the author constructs full calculation in order to find the data and value for regression coefficient, ~ to predict the output oilfield. The author also used the ordinary least squares method to minimize the sum of variables by eliminating the least important variables. Last but not least, the author uses different set of data with the same parameters to do some comparison and verified the validity of this method.

Item Type: Final Year Project
Academic Subject : Academic Department - Electrical And Electronics - Pervasisve Systems - Digital Electronics - Design
Subject: T Technology > TK Electrical engineering. Electronics Nuclear engineering
Divisions: Engineering > Electrical and Electronic
Depositing User: Users 2053 not found.
Date Deposited: 08 Nov 2013 11:42
Last Modified: 25 Jan 2017 09:42
URI: http://utpedia.utp.edu.my/id/eprint/10406

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