PROPERTY PREDICTION USING RESIDUAL STEPWISE REGRESSION

A method for predicting reservoir properties at an unexplored subterranean location based on known seismic attributes at the unexplored subterranean location, as well as known reservoir properties and seismic attributes at a plurality of explored subterranean locations proximate to the unexplored subterranean locations. The method uses residual stepwise regression to generate a prediction equation capable of calculating predicted reservoir properties based on multiple seismic attributes. The residual stepwise regression involves using residual values from a previous regression step to determine which seismic attribute will be included in a subsequent regression step.