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econne01 / Baseball-Saber-Scouting

This project will attempt to read various online Baseball data sources to create analysis for ourselves, the fans.
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Explore Monte Carlo Valuations #4

Open jhorenstein opened 11 years ago

JaBaRo commented 11 years ago

I'm actually partial to the statistical analysis methodology stochastic. I'm glad you put this issue here and it's definitely somethign we should think about and I need to a little smarter at Monte Carlo simulations, but I can break down how stochastic works pretty well at this point (we use it on our tool here at work to validate how accurate our probabilities are)

jhorenstein commented 11 years ago

Stochastic would be the first road to go down because it will help with developing parameters that will be used for Monte Carlo. I am still learning how this all works so I might be talking out of my ass. A lot of this will come down to normalizing then using differential equations (a class I got an A in at Berkeley/Northridge btw). I have no worries that we have the necessary data but will need to learn how to incorporate it and use it the right way. To be continued....