This study explores that learning model that has been employed for many years in the description of and projection of system or process performance promises to be very useful in long-term forecasting, especially of technology or related productivity m...
This study explores that learning model that has been employed for many years in the description of and projection of system or process performance promises to be very useful in long-term forecasting, especially of technology or related productivity measures, in mineral and energy industries. This study also provides some empirical results on the measurement of the learning curve in U. S. petroleum resource assessment and demonstrates how the learning system can be used as an economic forecasting tool.