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Graphical diagnostics for logistic oil exploration models
Authors:Neil Wrigley and Richard Dunn
Affiliation:(1) Department of Geography, University of Bristol, BS8 1SS Bristol, England
Abstract:This paper demonstrates how some recently developed graphical diagnostic techniques can be used to explore and improve the specification of logistic oil exploration models. Techniques are applied to information on 124 hydrocarbon exploration wells drilled between 1948 and 1963 into the lsquoBrsquo Division of the Mississippian (Osage Series) in a 13 by 13 square mile area of Stafford County, south-central Kansas.
Keywords:oil exploration  logistic models  diagnostic statistics  graphical methods
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