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Sports Forecasting

Author: H.O. Stekler
Organisation: Research Program on Forecasting, The George Washington University
Publish Date: August 2007
Country: Global
Sector: Development
Method: Forecasting
Theme: Strategic Thinking
Type: Other publication
Language: English
Tags: Sport, Forecasting, Leisure

Predicting the outcome of sporting events certainly falls within the purview of the field of forecasting. Moreover, the large amount of data regarding the outcomes of sporting events makes it possible to undertake significant research about the forecasts of those events. Yet despite the 40,000 entries in JSTOR and 3700 in Econ Lit that refer to sports, there are few papers that have focused exclusively on the characteristics of sports forecasts. Rather, the data associated with sporting events have been used to examine a number of topics and test a number of hypotheses that are related to forecasting or to economic and financial behavior under uncertainty. These include the economic efficiency of betting markets and the use of information in responding to betting odds
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