Major League Baseball Values-Case Study
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Transcript of Major League Baseball Values-Case Study
CASE STUDY
Submitted to
Prof. Manish Thaker
Presented by
Group 10Darshit Paun 20131010
Manit Brahmbhatt 20131020
Nisarg Shah 20131030
Raman Shahi 20131040
Shirshendu Mandal 20131050
Vishant Saini20131060
QUANTITATIVEMANAGEMENT II
DATA ANALYSIS
New Y
ork Ya
nkee
s
New Y
ork Met
s
Los A
ngeles
Dod
gers
Bosto
n Red
Sox
Atlant
a Bra
ves
Seat
tle M
ariner
s
Cleve
land
Indian
s
Texa
s Ran
gers
San
Fran
cisco
Giant
s
Color
ado
Rockie
s
Houston
Astro
s
Baltim
ore
Orioles
Chica
go C
ubs
Arizon
a Dia
mon
dbac
ks
St. L
ousi
Cardina
ls
Detro
it Tige
rs
Pitts
burg
h Pira
tes
Milw
auke
e Bre
wers
Phila
delphia
Philli
es
Chica
go W
hite
Sox
Sand
Diego
Pad
res
Cincin
nati
Reds
Anahe
im A
ngels
Toro
nto
Blue
Jays
Oakland
Ath
letic
s
Kans
as C
ity R
oyals
Tam
pa B
ay D
evil R
ays
Florid
a Mar
lins
Minne
sota
Twin
s
Mon
treal E
xpos
-100
0
100
200
300
400
500
600
700
800
Value Revenue Income Chart
Value Revenue Income
DESCRIPTIVE STATISTICS
Value Revenue Income
Mean 286.3119.433
32.47333
3Median 266.5 118.5 3.85Mode - 108 9.5Standard Deviation
129.76187
33.05922
10.67339
Variance16838.14
31130.59
9117.849
6Minimum 108 63 -29.6Maximum 730 215 18.8
VALUE V/S INCOME REGRESSION ANALYSIS
0 100 200 300 400 500 600 700 800
-40
-30
-20
-10
0
10
20
30
Value-Income
SUMMARY OF OUTPUT
Regression Statistics
Multiple R 0.185700218
R Square 0.034484571
Adjusted R Square 1.87691E-06
Standard Error 131.9800601
Observations 30
VALUE V/S INCOME (POSITIVE) REGRESSION ANALYSIS
0 100 200 300 400 500 600 700 8000
2
4
6
8
10
12
14
16
18
20
Value-Income (Positive)
SUMMARY OF OUTPUTRegression Statistics
Multiple R0.53429283
5
R Square0.28546883
3Adjusted R Square
0.243437588
Standard Error87.3717398
3Observations 19
VALUE V/S REVENUE REGRESSION ANALYSIS
0 100 200 300 400 500 600 700 8000
50
100
150
200
250
Value-Revenue
SUMMARY OF OUTPUTRegression Statistics
Multiple R 0.964709535R Square 0.930664486Adjusted R Square 0.928188218Standard Error 35.36768078
Observations 30
ANALYSIS AND ITS INFERENCE• Value-Income relationship is not significant.
• It appears that value is the strongest predictor of revenue.
• There is a significant relationship between value and income if the
teams incurring losses are ignored from our analysis.
• The relationship between value and revenue is significant.