How should pro sports teams spend their money?
How should pro sports teams spend their money? Professional sports teams hundreds of millions of dollars on player salaries, and conventional wisdom says that teams with higher payrolls perform better. But maybe conventional wisdom is wrong.
In this lesson, use linear regressions and r-squared values to analyze data from professional sports leagues, evaluate how various factors correlate with wins, and debate whether a higher payroll is good business strategy.
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