Table 6

Comparative modelling performance

ModelMAE ($/ton)MSE ($/ton)RMSE ($/ton)MAPE (%)
ARIMAX (1,1,1)Training14.371647.4340.593.55
Validation19.35502.8722.426.30
Test51.413884.2462.3211.44
Holdout (24 features)Training55.654185.4364.6916.75
Validation28.621102.2533.209.35
Test43.432502.8250.038.83
Holdout (6 features)Training15.19379.6319.523.76
Validation6.3965.908.112.04
Test29.361296.1736.016.22
Holdout (3 features)Training8.48129.5511.382.64
Validation5.9161.627.851.53
Test24.62939.4230.655.17
Source(s): Authors

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