A New Production Prediction Model Based on Taylor Expansion Formula

Table 6

The actual data and the prediction data of the annual production of Bavly oilfield [10].

year	t(a)	annual production (million tons)
		actual data	prediction data n=2	prediction data n=3	prediction data n=4	prediction data n=5	prediction data n=7
1959	12	390	158.789	418.5996	394.5865	386.3177	390.3951
1960	13	380	518.2016	315.3025	368.2841	396.7089	376.6933
1961	14	370	444.8347	377.1586	371.8014	352.8573	379.3268
1962	15	365	386.0176	385.162	366.8108	353.9685	356.1798
1963	16	340	338.1419	367.2284	351.9223	351.0139	339.8435
1964	17	330	298.6522	337.8294	329.6882	335.6797	325.7167
1965	18	300	265.6982	304.489	303.0874	310.6868	307.6945
1966	19	270	237.9132	271.0601	274.5371	280.4791	283.8449
1967	20	260	214.2698	239.4303	245.7481	248.6725	255.2357
1968	21	240	193.9839	210.4298	217.833	217.6626	224.1549
1969	22	210	176.4486	184.323	191.458	188.8305	192.9719
1970	23	150	161.188	161.0807	166.9784	162.8466	163.6118
1971	24	120	147.8252	140.5275	144.5421	139.9258	137.4054
1972	25	110	136.0577	122.426	124.164	120.013	115.1267
1973	26	100	125.6417	106.5198	105.7774	102.9051	97.1009
1974	27	90	116.3776	92.5586	89.269	88.3297	83.3257
1975	28	85	108.1017	80.3085	74.5009	75.9918	73.5802
1976	29	70	100.6782	69.558	61.3266	65.6018	67.5099
1977	30	60	93.994	60.1181	49.5989	56.8891	64.6916
1978	31	50	87.9541	51.8231	39.1767	49.6093	64.678