Abstract: An apparatus includes a subsurface sensor in a borehole to provide a measurement series, a first processor, and a machine-readable medium having program code. The program code causes the apparatus to obtain the measurement series and generate a combination of functions based on the measurement series, wherein the combination of functions includes a subset of functions from a basis function library. The system also generate a set of values and communicates the set of values to a second processor, wherein the set of values includes a function identifier and corresponding function weight. The second processor is to generate a set of reconstructed measurement series based on the set of values and determine at least one of a formation property, a fluid property, and a well status based on the set of reconstructed measurement series.

Abstract: A method and system for performing a pressure test. The method may comprise inserting a formation testing tool into a wellbore to a first location within the wellbore, identifying one or more tool parameters of the formation testing tool, performing a first pre-test with the pressure transducer when the pressure has stabilized to identify formation parameters, inputting the formation parameters and the one or more tool parameters into a forward model, changing the one or more tool parameters to a second set of tool parameters; performing a second pre-test with the second set of tool parameters; and comparing the first pre-test to the second pre-test.