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The second is that the return variance estimate is usually inaccurate and there are different rival estimates, or scenarios.
The single value estimate is usually the most likely outcome (NPV) or (IRR).
This estimate is usually accurate due to the abundance of noise samples.
A tree volume estimate is usually based on three parameters: tree species, tree diameter and tree height.
This quantitative estimate is usually expressed as a combination of probabilities and consequences derived from a range of possible accident scenarios, which can be used as a basis for cost-benefit analysis.
In the 3P model, the precision of k 3 estimate is usually higher than in the 4P model, in spite of shorter PET scan time (40 to 60 min), since there is no need of k 4 estimation in the 3P model.
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When CI was outside the normal range, the clinical estimate was usually wrong (13 of 20 [65%]); when SVRI was outside the normal range, the clinical estimate was also usually wrong (16 of 22 [73%]).
In the literature on filter design, the system whose state has to be estimated is usually assumed known.
However, the correlation between the two parameter estimates is usually very high and in many cases is practically equal to one.
The applicable decline for the purpose of reservoir estimates is usually based on the historical trend that is seen on the well or reservoir performance.
Unfortunately, the optimal data smoothing setting for a given dataset, one that leads to the most accurate parameter estimates, is usually not known.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com