Use a Monte Carlo model to model the March Madness NCAA Men’s Basketball tournament. The output should be a probability of winning the championship for each team in the bracket.
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Use a Monte Carlo model to model the March Madness NCAA Men’s Basketball tournament. The output should be a probability of winning the championship for each team in the bracket. The input should be a measure of team quality such as an “ELO score” or similar score for each team. The key is that for any match-up the probability of one team winning is related to the difference of the two ELO scores. More hints in #marchmadness http://fivethirtyeight.com/features/how-fivethirtyeight-is-forecasting-the-2016-ncaatournament/
