The effect of baseball statistics on winning percentage in the MLB
The effect of baseball statistics on winning percentage in the MLB. The purpose of this project is for you to gain experience in applying methods taught in this class to a real data set of interest to you. The project will simulate the real world practices of defining research questions, identifying variables, producing data, analyzing data, writing a report, and evaluating peers. Each of these skills is critical to any career path you may choose.
We utilize multiple regression to complete the project, a topic that is introduced in the course later in the semester. See the following links for a brief introduction to the project, and simple and multiple regression analysis. For the final project, you should work alone. The purpose of the project is for you to gain experience in applying the methods taught in the class to a real data set of interest to you.
Objectives
At the end of this project, you will be able to:
- define a research question and define appropriate variables to measure on a topic that you care about
- decide on an experimental design
- gather and analyze original data (rather than data prepared for you) on an issue of interest to you
- prepare an appropriate report
- provide constructive, thoughtful feedback to peers on their projects
Project Suggestions
Conducting an empirical analysis of economic data can be rewarding and informative. The first step in conducting an empirical analysis is choosing the topic you want to study and, within that topic, the specific question or questions you will investigate. Although there is not a single best way to choose a topic, the following suggestions might be useful.
- Pick a topic that you find personally interesting, ideally one about which you already have some knowledge. The topic might be related to your career interests, summer work you did, employment experience of a family member, or something of intellectual interest to you. Often, a specific policy problem, a personal decision, or a business issue raises questions that can be addressed by an empirical study.
- Make the question that will be the main focus of your study as specific as possible. The more narrowly the question relates to a measurable causal effect, the easier it will be to answer.
- Check the related literature. You might find published studies on topics closely related to yours. Use previous work to give you ideas about data sources and about what questions have not yet been answered.
- Choose a question that can be answered using the available data. Although the question you originally pose might not be answerable using available data, the data might support the analysis of a related and equally interesting question.
- Share your topic on the discussion board. If you find your topic interesting, then the odds are that others will too, and an instructor or classmate might suggest an angle that you have not thought of.
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