A Hierarchical Bayesian Variable Selection Approach to Major League Baseball Hitting Metrics
Numerous statistics have been proposed to measure offensive ability in Major League Baseball. While some of these measures may offer moderate predictive power in certain situations, it is unclear which simple offensive metrics are the most reliable or consistent. We address this issue by using a hierarchical Bayesian variable selection model to determine which offensive metrics are most predictive within players across time. Our sophisticated methodology allows for full estimation of the posterior distributions for our parameters and automatically adjusts for multiple testing, providing a distinct advantage over alternative approaches. We implement our model on a set of fifty different offensive metrics and discuss our results in the context of comparison to other variable selection techniques. We find that a large number of metrics demonstrate signal. However, these metrics are (i) highly correlated with one another, (ii) can be reduced to about five without much loss of information, and (iii) these five relate to traditional notions of performance (e.g., plate discipline, power, and ability to make contact).
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 7 (2011)
Issue (Month): 4 (October)
|Contact details of provider:|| Web page: http://www.degruyter.com|
|Order Information:||Web: http://www.degruyter.com/view/j/jqas|
When requesting a correction, please mention this item's handle: RePEc:bpj:jqsprt:v:7:y:2011:i:4:n:2. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.