Which team is expected to reach the playoffs
How is probability stated?
D&P Advisory regularly releases the brand valuation of IPL. Now he has predicted four teams that will make it to the playoffs. Monte Carlo simulation has been used for this. Santosh N, Managing Partner, D&P Advisory, said, “To predict the top-4 team for the league phase of the next 2023 season of the Indian Premier League, we have relied on Monte Carlo simulations. It is a statistical technique, commonly used in the field of finance.
IPL is one of the most watched sports events across the world. Out of 950 matches played so far, 564 matches went till the last over. Sometimes till the last ball it is not known which team will emerge victorious. For this reason, it is difficult to make any predictions about IPL. For this reason, it has relied on many types of data to reach the result. According to the report, the factors considered include the strength of the teams’ batting and its bowling, home ground advantage, net run rate, past records, current form and many more.
Source: navbharattimes.indiatimes.com
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