Good day, can anyone please share the equations and the methodology which is employed for calculating the empirical coefficients for the Bristow-Campbell model?
1. These coefficients are dependent on the site of where they calculated, for example: if you calculate them in Algeria, and apply them in UAE, the models with these coefficients will give you lower performances than in Algeria.
2. Not always, just in very specific cases.
3.This depend on the correlation used, in some cases it is the first, and in others it is the second. Therefore you need to check the equation.