Predicting Coal Prices: A Machine Learning Approach for Informed Decision-Making
- Title
- Predicting Coal Prices: A Machine Learning Approach for Informed Decision-Making
- Creator
- Santhosh N.; Mahajan J.; Sharma M.; Hussain D.; Kakani R.; Saxena A.
- Description
- This research addresses the critical need for accurate coal price prediction in the dynamic global market, crucial for informing strategic decisions and investment choices. With coal playing a vital role in the world energy mix, its price fluctuations impact industries and economies worldwide. The study employs advanced machine learning models, including Linear Regression, Random Forest, SVM, Adaboost, and ARIMA, to enhance prediction precision. Key features such as S&P 500, Crude Oil Price, CPI, Exchange Rates, and Total Electricity Consumption are identified through feature importance analysis. The Random Forest model emerges as the most effective, emphasizing the significance of key variables. Leveraging explainable AI techniques, the study provides transparent insights into model decision-making, offering valuable information for risk management and strategic decision-making in the volatile coal market 2024 IEEE.
- Source
- TQCEBT 2024 - 2nd IEEE International Conference on Trends in Quantum Computing and Emerging Business Technologies 2024
- Date
- 2024-01-01
- Publisher
- Institute of Electrical and Electronics Engineers Inc.
- Subject
- ARIMA; Coal Price; Forecasting; Prediction; Random forest
- Coverage
- Santhosh N., Christ University, Bengaluru, India; Mahajan J., Christ University, Bengaluru, India; Sharma M., Christ University, Bengaluru, India; Hussain D., Christ University, India; Kakani R., Sg Analytics, India; Saxena A., Christ University, Bengaluru, India
- Rights
- Restricted Access
- Relation
- ISBN: 979-835038427-7
- Format
- Online
- Language
- English
- Type
- Conference paper
Collection
Citation
Santhosh N.; Mahajan J.; Sharma M.; Hussain D.; Kakani R.; Saxena A., “Predicting Coal Prices: A Machine Learning Approach for Informed Decision-Making,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 25, 2025, https://archives.christuniversity.in/items/show/19225.