Research of Oilfield Production Forecast Based on Least Squares Fitting and Improved BP Neural Network

A new method which is least squares fitting combined with improved BP neural network based on LM algorithm was put forward. In order to overcome the weak points that easy to fall into local minimum, slow convergence of traditional BP neural network, we use LM algorithm to improve it. Least-squares curve fitting can be used to reflect the overall trend of the data changes, so we adopted least squares method firstly to make curve fitting for sample data firstly. Then, we corrected the fitting error by the improved BP Neural Network which has the advantages that reflecting external factors. Finally, the fitted values and error correction values were added to get oilfield production forecast. The results show that the oilfield production forecast error is significantly lower than the single curve fitting, BP Neural Network or LMBP.