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World Cup Forecasting Challenge For Quants

Monday Jun 07, 15:03PM

Databuff at Slashdot writes:

"As a break from projecting the strength of subprime mortgages, credit default swaps, and other obscure financial instruments, quantitative analysts at Goldman Sachs, JP Morgan, UBS, and Danske Bank have modeled the 2010 FIFA World Cup. Now Kaggle has set up a forecasting competition, allowing statisticians to go head-to-head with these corporate giants. The challenge is to predict how far each country will progress in the tournament."

The challenge is to correctly predict how far each country will progress in the tournament. There is a small dataset and some links to variables of interest on the data page. There are links to the investment banks' predictions and other World Cup modeling efforts on the hints page.

We are running two challenges side-by-side - a Take on the Quants Challenge and a Confidence Challenge. The Take on the Quants Challenge simply requires competitors to pick how far teams will progress in the tournament. Competitors' entries will be ranked against the predictions made by the investment banks. The Confidence Challenge requires competitors to assign a level of confidence to each prediction - a competitor's score is weighted by their level of confidence. Competitors enter both challenges with a single submission. There are more details on the submission instructions page and the evaluation page.

The competition closes just before the first game kicks off on June 11th.

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