Question: The method for rating teams in Example 7.8 is based on actual and predicted point spreads. This method can be biased if some teams run
The method for rating teams in Example 7.8 is based on actual and predicted point spreads. This method can be biased if some teams run up the score in a few games. An alternative possibility is to base the ratings only on wins and losses. For each game, you observe whether the home team wins. Then from the proposed ratings, you predict whether the home team will win. You want the ratings such that the number of predictions that match the actual outcomes is maximized. Try modeling this. Do you run into difficulties?
Step by Step Solution
3.37 Rating (169 Votes )
There are 3 Steps involved in it
Rating NFL teams in 2013 Ratings of teams Index Team name Rating 1 Arizona Cardinals 8051 2 Atlanta Falcons 7868 3 Baltimore Ravens 7709 4 Buffalo Bills 7917 5 Carolina Panthers 9317 6 Chicago Bears 7... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (3 attachments)
1497_60b74125e3296_696721.pdf
180 KBs PDF File
1497_60470f10a6fde_696721.xlsx
300 KBs Excel File
1497_60b74125e3296_696721.docx
120 KBs Word File
