Estimation of Non-Parametric Regression Models: Production Profiles of Crude Oil

7 Pages Posted: 23 Jan 2013  

Vlasios Voudouris

ABM Analytics Ltd

Date Written: January 22, 2013

Abstract

In many practical statistical situations, it is desirable to restrict the flexibility of nonparametric regression models to accommodate prior information. We propose an estimator for regression models with a smoothness penalty and constraints imposed by the nature of the problem. Our estimator is easy to implement and has an explicit algebraic structure. Alternative or additional constraints can be readily applied. We present production profiles of crude oil to demonstrate possible uses of the proposed estimator.

Keywords: non-parametric regression, smoothing penalties

Suggested Citation

Voudouris, Vlasios, Estimation of Non-Parametric Regression Models: Production Profiles of Crude Oil (January 22, 2013). USAEE Working Paper No. 13-107. Available at SSRN: https://ssrn.com/abstract=2205517 or http://dx.doi.org/10.2139/ssrn.2205517

Vlasios Voudouris (Contact Author)

ABM Analytics Ltd ( email )

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