Table 15. Coal Prices to Electric Utilities: AEO Forecasts, Actual Values, and Absolute and Percent Errors, 1985-1998
|
Publication |
1985 |
1986 |
1987 |
1988 |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
Average Absolute Error |
|
(Nominal Dollars per Million Btu) |
|||||||||||||||
|
AEO82 |
1.95 |
2.02 |
2.10 |
2.20 |
2.32 |
2.48 |
0.66 |
||||||||
|
AEO83 |
1.95 |
2.02 |
2.10 |
2.19 |
2.31 |
2.43 |
3.13 |
0.82 |
|||||||
|
AEO84 |
1.89 |
1.96 |
2.04 |
2.13 |
2.25 |
2.37 |
2.90 |
0.73 |
|||||||
|
AEO85 |
1.68 |
1.75 |
1.82 |
1.89 |
1.98 |
2.09 |
2.18 |
2.27 |
2.36 |
2.43 |
2.51 |
0.63 |
|||
|
AEO86 |
1.61 |
1.68 |
1.75 |
1.84 |
1.94 |
2.04 |
2.13 |
2.23 |
2.33 |
2.43 |
2.50 |
2.56 |
2.62 |
0.73 |
|
|
AEO87 |
1.52 |
1.56 |
1.66 |
1.76 |
1.85 |
1.94 |
2.04 |
2.12 |
2.21 |
0.43 |
|||||
|
AEO89 |
1.50 |
1.52 |
1.67 |
1.75 |
1.81 |
1.88 |
1.95 |
2.01 |
2.06 |
2.13 |
2.16 |
0.48 |
|||
|
AEO90 |
1.46 |
1.53 |
1.91 |
0.22 |
|||||||||||
|
AEO91 |
1.51 |
1.59 |
1.67 |
1.76 |
1.85 |
1.91 |
1.97 |
2.03 |
2.07 |
0.46 |
|||||
|
AEO92 |
1.55 |
1.62 |
1.67 |
1.75 |
1.83 |
1.91 |
1.93 |
1.99 |
0.44 |
||||||
|
AEO93 |
2.00 |
1.53 |
1.59 |
1.67 |
1.71 |
1.78 |
1.81 |
0.40 |
|||||||
|
AEO94 |
1.51 |
1.56 |
1.64 |
1.72 |
1.76 |
1.77 |
0.35 |
||||||||
|
AEO95 |
1.42 |
1.46 |
1.47 |
1.52 |
1.54 |
0.18 |
|||||||||
|
AEO96 |
1.35 |
1.34 |
1.36 |
1.36 |
0.07 |
||||||||||
|
AEO97 |
1.35 |
1.37 |
1.37 |
0.09 |
|||||||||||
|
AEO98 |
1.27 |
1.27 |
0.01 |
||||||||||||
|
AEO99 |
1.31 |
0.05 |
|||||||||||||
|
Actual Value |
1.65 |
1.58 |
1.51 |
1.47 |
1.45 |
1.46 |
1.45 |
1.41 |
1.39 |
1.36 |
1.32 |
1.29 |
1.27 |
1.26 |
|
|
Average Absolute Error |
0.22 |
0.29 |
0.37 |
0.42 |
0.47 |
0.52 |
0.38 |
0.51 |
0.48 |
0.53 |
0.76 |
0.49 |
0.50 |
0.49 |
0.49 |
|
(Percent Error) |
|||||||||||||||
|
AEO82 |
18.1 |
28.2 |
39.3 |
50.0 |
59.7 |
70.1 |
44.2 |
||||||||
|
AEO83 |
18.4 |
27.8 |
39.6 |
49.4 |
59.1 |
66.6 |
137.7 |
57.0 |
|||||||
|
AEO84 |
14.7 |
24.4 |
35.2 |
45.5 |
54.9 |
62.2 |
120.3 |
51.0 |
|||||||
|
AEO85 |
1.9 |
10.7 |
21.0 |
28.8 |
36.5 |
43.1 |
51.0 |
60.8 |
69.5 |
78.4 |
90.4 |
44.7 |
|||
|
AEO86 |
2.0 |
11.6 |
19.5 |
26.6 |
32.8 |
41.0 |
51.1 |
60.3 |
71.6 |
84.2 |
93.8 |
101.7 |
107.7 |
54.1 |
|
|
AEO87 |
0.9 |
6.7 |
14.6 |
20.4 |
27.8 |
37.2 |
46.6 |
56.2 |
67.8 |
30.9 |
|||||
|
AEO89 |
2.3 |
4.9 |
14.7 |
21.1 |
28.3 |
35.5 |
43.6 |
52.5 |
59.7 |
67.4 |
71.6 |
36.5 |
|||
|
AEO90 |
0.7 |
5.1 |
44.6 |
16.8 |
|||||||||||
|
AEO91 |
3.4 |
9.9 |
18.0 |
27.0 |
36.2 |
44.6 |
52.3 |
59.6 |
64.5 |
35.1 |
|||||
|
AEO92 |
7.0 |
15.0 |
19.9 |
28.8 |
38.6 |
47.8 |
52.1 |
57.8 |
33.4 |
||||||
|
AEO93 |
41.8 |
10.0 |
16.7 |
26.6 |
32.6 |
40.0 |
43.5 |
30.2 |
|||||||
|
AEO94 |
8.5 |
14.4 |
24.8 |
33.3 |
38.8 |
40.6 |
26.7 |
||||||||
|
AEO95 |
4.7 |
10.5 |
14.2 |
19.9 |
22.1 |
14.3 |
|||||||||
|
AEO96 |
2.4 |
4.2 |
7.0 |
8.2 |
5.5 |
||||||||||
|
AEO97 |
5.0 |
7.9 |
9.1 |
7.3 |
|||||||||||
|
AEO98 |
0.3 |
0.6 |
0.4 |
||||||||||||
|
AEO99 |
4.3 |
4.3 |
|||||||||||||
|
Average Absolute Percent Error |
13.3 |
18.6 |
24.6 |
28.9 |
32.1 |
35.4 |
26.3 |
36.0 |
34.6 |
39.0 |
57.3 |
38.1 |
39.5 |
39.1 |
35.9 |
|
AEO = Annual Energy Outlook. |
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