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Modeling Offensive Performance And Salary In Major League Baseball, Joseph E. Ojanen

Culminating Projects in Economics

There are numerous statistics, such as Batting Average, On-Base Percentage, and Slugging Percentage, which attempt to measure the value of Major League Baseball players. However, the statistics commonly used today each have problems associated with it, which means they are not a good predictor of runs scored.

In an attempt to improve on these statistics, numerous models have been developed by Lindsey, Pankin, James, Bennet and Flueck, Thom, Palmer, and Gershman, and Furtado that estimate runs by assigning values to various statistics. There have also been numerous models, such as those by Hakes and Sauer, Brown and Jepsen, and Stone …