A coal extracting company is worried about the depleting coal reserves in various parts of the world. It wants to make future projections for reserve sizes and depletion rates that are useful in the planning process. Which of the following quantitative approaches should the company apply?

Question

Quizplus · Accepted Answer

The best quantitative approach for making future projections in this scenario is mathematical forecasting. This involves using historical data and statistical methods to project future trends and make predictions about future outcomes. This would be the most appropriate method for the coal company to apply in order to plan for potential depletion rates and reserve sizes.

A Coal Extracting Company Is Worried About the Depleting Coal