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Probability Calcualtion

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  1. #1
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    05-02-2014
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    Excel 2013
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    Probability Calcualtion

    Hi

    My Father in Law wants to do some predictions on racing cars. He wants to work out the probability of the driver finishing in certain positions based on 4 previous races. For example..

    These are the last 4 positions the driver finished the races.

    7th
    7th
    10th
    9th

    These are the positions he wants to work out the probability of him finishing the next race e.g 10-7 (what is the probability of the driver coming in at positions 7 to 10), position 3 to 6 and so on.

    10-7 6-3 2-1 22-17 10-5 3-1

    I think these positions need to be split out separately, ie 7, 8,9,10.

    Is there a formula I can use to populate his spreadsheet and do this various times?

    Thanks
    Last edited by DataDave; 05-02-2014 at 05:38 AM.

  2. #2
    Forum Expert
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    06-26-2010
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    Austin, TX
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    Excel 2010
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    Re: Probability Calcualtion

    How good are you at stats? This might give you a starting point:
    http://www.amstat.org/publications/j...ts.winner.html

    This one adds some more variables (i.e. current handicap):
    http://www.robschumaker.com/publicat...ss%20Races.pdf

    Good luck - if you crack the code, don't tell anyone.
    Pauley
    --------
    If I helped with your issue, I'd appreciate a rep bump (hit the '*' icon to the bottom left of this post).

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