Hubbert’s graphical-heuristic method (1956) Cavallo’s article begins, “It is well known that M. K. Hubbert (in 1956) successfully predicted the timing (1970) of peak US oil production.

Simulations indicate that the proposed method is statistically very efficient and computationally practical in high-dimensional problems. We apply the new method to the construction and estimation of ...

The main feature of our method is that the sampling distribution is exact and consists of a product of independent univariate standard normal and chi-squared distributions that can be read off the ...