Table 9
Coefficient information of VAR(1) model for SCT forecasting problem for Well C.
| Variable | Estimate of coefficient | Standard deviation of coefficient | t-statistic | P-value | Importance |
|---|---|---|---|---|---|
| SCT.l1 | 0.952 | 0.016 | 61.199 | <2.00E-16 | * |
| OPR.l1 | 0.023 | 0.010 | 2.354 | 0.019 | * |
| CUMPROD.l1 | −0.059 | 0.023 | −2.546 | 0.011 | * |
| const | 0.017 | 0.009 | 1.978 | 0.049 | * |
| Residual standard error | 0.0478 | – | – | – | |
| R-squared | 0.919 | – | – | – | |
The asterisk symbol in the last column shows the significance of the corresponding model parameter.