The Analysis of Sports Forecasting
ISBN:
9781441949585
Auflage:
Softcover reprint of hardcover 1st ed. 2000
Verlag:
Springer US
Land des Verlags:
Deutschland
Erscheinungsdatum:
03.12.2010
Format:
Softcover
Seitenanzahl:
294
Lieferung in 5-10 Werktagen
Versandkostenfrei ab 40 Euro in Österreich
Given the magnitude of currency speculation and sports gambling, it is surprising that the literature contains mostly negative forecasting results. Majority opinion still holds that short term fluctuations in financial markets follow random walk. In this non-random walk through financial and sports gambling markets, parallels are drawn between modeling short term currency movements and modeling outcomes of athletic encounters. The forecasting concepts and methodologies are identical; only the variables change names. If, in fact, these markets are driven by mechanisms of non-random walk, there must be some explanation for the negative forecasting results. The Analysis of Sports Forecasting: Modeling Parallels Between Sports Gambling and Financial Markets examines this issue.
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