Sunday, September 09, 2007

Statistical Model developed by IIM alumnus firm predicted Indian Loss

While me and you and a million other Indian cricket fans were glued into our TV sets yesterday waiting and hoping for our team to overcome England and win the 7th and final one-dayer and clinch the series, a few IIM graduates knew the result beforehand!!
Score Wizard, a statistical model bulit and developed by Bombay based predictive analytics company Fractal Analytics Ltd., a venture of IIM alumni predicted England would beat India in the all important final encounter at Lord's. However, the model had predicted a close affair - Score Wizard said India would lose the match by 3 runs only.
The firm claims to have got the results of 5 of the 6 matches of the series right. Besides, they claim over 70% success in predicting the results of the World Cup matches.
Let's wait and see what their predictions for the Twenty20 World Cup are - and how right they go in what should be a more risky affair as far as predictions go.

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