What statistical principles are important when predicting the results of World Cup games? Quantopian’s VP of Growth, Delaney Mackenzie, discusses how low sample sizes pop up in both sports and finance, and ways to increase your confidence when modeling outcomes. Team changes, past matchups, player skills, and field positioning are all ways to increase the rate at which you can sample data. Similar problems often occur when trying to evaluate the predictive power of trading models in quantitative finance. We discuss all this in our latest Quantopian Short “Ways to Model World Cup Game Outcomes”.
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