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There is now a CONTENT FREEZE for Mercury while we switch to a new platform. It began on Friday, March 10 at 6pm and will end on Wednesday, March 15 at noon. No new content can be created during this time, but all material in the system as of the beginning of the freeze will be migrated to the new platform, including users and groups. Functionally the new site is identical to the old one. webteam@gatech.edu
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Atlanta, GA | Posted: March 17, 2015
Barbara Christopher
Industrial and Systems Engineering
404.385.3102
Summary Sentence:
LRMC basketball ranking system a value source for bracketologists
Full Summary:
LRMC basketball ranking system a value source for bracketologists
Joel Sokol Makes NCAA Tournament PredictionsEvery March a relatively small research page run by a professor from the H. Milton Stewart School of Industrial & Systems Engineering gets a sudden spike in traffic, jumping from a handful of visitors per week to thousands in a few days.
That's because Joel Sokol, Fouts Family Associate Professor, and his colleagues happen to conduct research on one of the biggest sporting events of the year- the NCAA basketball tournament. Their Logistic Regression/Markov Chain (LRMC) ranking system is a computerized model that has had a respectable level of success in picking the men's national basketball champion and overall tournament results over the last several years. During the season, the LRMC uses basic scoreboard data to create a weekly ranking of all 351 Division I NCAA teams. The mathematical formula looks at every game and factors in the margin of victory and where each game is played. The research has been published in several jourals and presented at the MIT Sloan Sports Analytics Conference.
After this year's tournament field was set on March 15, Sokol's team released its bracket, and now sports fans looking for help filling out their own brackets are finding their way to the LRMC website. The model has shown to be more effective than 80 others, including the NCAA's own Ratings Performance Index (RPI).
The 2015 LRMC "Profs' Picks" have top seeds Kentucky and Villanova meeting in the final after each beating two seeds in the Final Four. The model also predicts some early upsets- Texas over Butler and Ohio State over Virginia Commonwealth, as well as a few ninth seeds knocking off eighth seeds.
For more about their methodology visit the LRMC website, or skip ahead and go straight to their complete bracket.
On the women's side the professors and their model have projected a final consisting of Connecticut and Notre Dame with no major upsets in the opening round.
Sokol is joined on the LRMC team by fellow IGeorgia Tech professors Paul Kvam and George Nemhauser and professor Mark Brown of City College, City University of New York, as well as a dedicated group of undergraduate students.
