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The Derivation of Logistic-shaped Discovery

Posted on June 26, 2008

This is a guest post from WebHubbleTelescope. The post addresses the origins and relevance (or lack thereof) of the logistic equation as it is commonly used in projecting/modeling oil production forecasts. I will follow this with a post on the Maximum Power Principle next week, which in my opinion may help explain the logistic curve for oil 'demand' (as opposed to supply).Many people believe that the Logistic equation adequately models the Hubbert peak. This comes about for a few reasons: We can (often/occasionally) get an adequate heuristic fit to the shape of the production data by matching...

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