bootstrap_decline
Resample production data with replacement, refit exponential, hyperbolic, or harmonic decline models, and return confidence intervals on parameters and EUR.
Instructions
Bootstrap decline curve parameters from production data.
Resamples production data with replacement, refits the decline model each time, and returns confidence intervals on parameters and EUR.
Args: production_data: List of dicts with 'time' (months) and 'rate' keys. model: Decline model - 'exponential', 'hyperbolic', or 'harmonic'. num_bootstrap: Number of bootstrap iterations (default 1000).
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| production_data | Yes | ||
| model | No | hyperbolic | |
| num_bootstrap | No |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
| result | Yes |