Block/Bidding Evaluation - Deep Dive
This video is a deep dive into Bidding Forecast for the GOM³ Analytics Add-on. It covers the model used for the bid/no-bid, bid amount, likelihood of minimum MROV, and MROV amount. Additionally, all the variables used in these models are explained and how they are used to make the forecast. Limitations of the models are discussed as well as an analysis of the accuracy year over year. If you would like a briefer overview of the Bidding Forecast tool and how to use the output, you can watch that video here: • Block/Bidding Forecast Introduction