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We propose two Bayesian multinomial-Dirichlet models to predict the final outcome of football (soccer) matches and compare them to three well-known models regarding their predictive power. All the models predicted… Click to show full abstract
We propose two Bayesian multinomial-Dirichlet models to predict the final outcome of football (soccer) matches and compare them to three well-known models regarding their predictive power. All the models predicted the full-time results of 1710 matches of the first division of the Brazilian football championship and the comparison used three proper scoring rules, the proportion of errors and a calibration assessment. We also provide a goodness of fit measure. Our results show that multinomial-Dirichlet models are not only competitive with standard approaches, but they are also well calibrated and present reasonable goodness of fit.
Journal Title: Journal of the Operational Research Society
Year Published: 2019
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