11.4 Example Case
Want further proof of the business value of predictive regression and classificaiton models? Take a look at this Sports Illustrated Magazine Cover from 2014:
Figure 11.1: Credit Executive MBA student Chip Cook for pointing out this incredible example
Basically, using dependent variables such as "on-based percentage" and others, baseball teams can predict which players will have the biggest impact and build a high value team and the lowest possible cost. Because of the great advanced that the Houston Astros were making in this area of sports analytics, Sports Illustrated predicted that, by 2017, the Houston Astros would win the World Series. Well, what actually happened in 2017? You guessed it: