It’s Relationship to Statistics
Fall, 2014
BUSI 603 – Lec 2607
Moneyball - It’s Relationship to Statistics
Statistics is “the science of collecting, organizing, analyzing, interpreting, and presenting data.” – D.P. Doane & L.E. Seward. In the movie Moneyball, the influence of statistics is clearly demonstrated in the story of the Oakland Athletics general manager Billy Beane when he drove his team to great heights by beating all odds in spite of the great obstacles they encounter.
A game of baseball consists of two teams. For a team to win, they must make more home runs in their adversaries with the help of batting and reaching the bases. Baseball, just like many other professional teams are not equal. “The problem we 're trying to solve is that there are rich teams and there are poor teams. Then there 's fifty feet of crap, and then there 's us. It 's an unfair game.” It is basically an unjust game where depending on the state you are from, your sponsors, and the founders, a team can have an unfair advantage.
In Moneyball the Oakland Athletics were a poor team compared to the Boston Red Socks and the New York Yankees who have constantly won the season titles. Beane had just lost three of his most valuable players due to the team’s budget constraint in 2001. However, General Manager Beane was convinced that with the right method and some perseverance he could make it. With the help of Peter Brand, a Yale graduate in Economics, whom he had hired as an assistant, they got creative and started practicing the art of statistics.
Throughout the game of baseball many different data are collected. They include batting data, pitching data, homerun data, and player game percentage. In the movie these data were collected and analyzed statistically so that they can be used to forecast the performance of players as well as to determine players that were being undervalued so that they can be purchased at a lower cost. His plan was
References: Miller, B. (2011, September 23). Amazon.com: Moneyball: Brad Pitt, Jonah Hill, Philip Seymour Hoffman, Robin Wright: Amazon Instant Video. Retrieved from http://www.amazon.com/gp/product/B006MQRLSA/ref=avod_yvl_watch_now