A family of solutions related to Shin's model for probability forecasts
Journal of Quantitative Analysis in Sports, vol.21, no.2, pp.153-158, 2025 (ESCI, Scopus)
- Publication Type: Article / Article
- Volume: 21 Issue: 2
- Publication Date: 2025
- Doi Number: 10.1515/jqas-2024-0064
- Journal Name: Journal of Quantitative Analysis in Sports
- Journal Indexes: Emerging Sources Citation Index (ESCI), Scopus, CAB Abstracts, SportDiscus
- Page Numbers: pp.153-158
- Keywords: probability forecasting, Shin's model, sports forecasting
- Middle East Technical University Affiliated: Yes
Abstract
This work develops a family of solutions related to Shin's model in producing accurate probability forecasts. More precisely, closed-form solutions are derived based on an analytical approach to known solutions and evaluated experimentally for sports betting data sets.