As Alberta's reserves of light crude oil began to deplete,so did the production. Alberta's light crude oil production totaled 37.3 million cubic metres from 1997-2005
This production has continued to decline each year from 1990 and only 21.7 million cubic metres were produced in 2005
use the above scenario to define a sequence or a series to predict possible initial production in year 1990 and the trends in the use or production of the resource over 1990-2005 year period.
Hence,predict the production of year 1990.
Assume that the production of light crude oil declines at the rate of 30% of its total production of the previous year from 1990. Define a sequence or a series to predict possible initial production in year 1990.
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