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Predictive Analytics for Thermal Coal Prices Using Neural Networks … 317

This research has found patterns and important relationships in the thermal coal
market. The thermal coal market is dynamic so the history of their prices will not be
replicated in the future. This study was able to find general patterns and variables that
shape the thermal coal market and ultimately predict the thermal coal price. These
general patterns are more important than the study of the individual prices and the
development of time series analysis just based on previous prices. It is more important to
find the underlying structures. Finally the methodology used in this research applies to
oligopolistic markets.

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