Question: account for the increased use of statistical and econometric techniques...
Account for the increased use of statistical and econometric techniques to analyze the performance of professional sporting teams, particularly in relation to the use of “big data” analysis. Provide reasons why this is happening and outline which issues in professional sports performance are suited to these techniques. What are their strengths and weaknesses?
Why has sabermetrics (econometric techniques) become so important to sports management and the analysis of sports performance? Outline the business and economic reasoning for the use of these techniques, highlight their application in professional sports and indicate the limitations to their usage.