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The Division I NCAA Men's Basketball Tournament is a popular sporting event held annually to determine the leagues National Champion. Over the past several years the betting scene surrounding the tournament has become arguably more popular than the tournament itself, drawing in fans who bet billions overall on its outcome. In this paper, we discuss the statistical challenges in correctly predicting...
Prediction of winners has always been fascinating to many people, whether it be for sports, lottery, presidential election, or performing arts awards. The basic approach for prediction is to build a model from the observed data with known outcome labels, and use the model to determine the outcomes of the new observations. It is a typical classification problem in data analysis. An important aspect...
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