Apply Newton's Method to 
with an initial guess of 
to calculate 
, 
, and 
.
Definitions:
Predicting Individual Value
The process of estimating the monetary or intrinsic value of a specific entity or individual based on relevant parameters.
Coefficient of Determination
is a statistical measure that explains the proportion of variance in the dependent variable predictable from the independent variable(s).
API Gravity Degrees
A measurement system used to determine the density of petroleum liquids compared to water.
Price Per Barrel
The cost or price unit for crude oil and other commodities, measured per barrel, a standard unit for volume in the oil industry.
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