Bayesian forecasting of UEFA Champions League under alternative seeding regimes

B-Tier
Journal: International Journal of Forecasting
Year: 2019
Volume: 35
Issue: 2
Pages: 722-732

Authors (4)

Corona, Francisco (not in RePEc) Forrest, David (not in RePEc) Tena, J.D. (University of Liverpool) Wiper, Michael (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The evaluation of seeding rules requires the use of probabilistic forecasting models both for individual matches and for the tournament. Prior papers have employed a match-level forecasting model and then used a Monte Carlo simulation of the tournament for estimating outcome probabilities, thus allowing an outcome uncertainty measure to be attached to each proposed seeding regime, for example. However, this approach does not take into account the uncertainty that may surround parameter estimates in the underlying match-level forecasting model. We propose a Bayesian approach for addressing this problem, and illustrate it by simulating the UEFA Champions League under alternative seeding regimes. We find that changes in 2015 tended to increase the uncertainty over progression to the knock-out stage, but made limited difference to which clubs would contest the final.

Technical Details

RePEc Handle
repec:eee:intfor:v:35:y:2019:i:2:p:722-732
Journal Field
Econometrics
Author Count
4
Added to Database
2026-01-25