ONE WAY ANOVA
\nTITLE:- COMPARISON OF FOUR IPL TEAMS
\nAUTHOR NAME:- SHRUSHTI TODANKAR (MBA FINANCE)<\/p>\n
INTRODUCTION
\nThe Indian Premier League (IPL) is a Twenty20 cricket league held annually in India between March and May and features ten city-based franchise teams. The league was founded in 2007 by the Board of Control for Cricket in India. The IPL has grown to be one of the most popular and profitable cricket leagues in the world, attracting top international players and millions of viewers worldwide.<\/p>\n
OBJECTIVE
\nTo compare four IPL teams.<\/p>\n
LITERATURE REVIEW<\/p>\n
1) Artificial Neural Network
\nCricket is one of those sports where a large amount of numerical information is generated in every game. The game of cricket got a new dimension in April 2008, when the Board of Control for Cricket in India (BCCI) initiated the Indian Premier League(IPL). It is a franchise based Twenty20 cricket tournament where teams are formed by competitive bidding from a collection of Indian and International players. Valuations of the players are determined through auction, so performance of individual players is always under scanner. The objective of this study is to analyze and predict the performance of bowlers in IPL, using artificial neural networks. (Hemanta Saikia & Dibyojyoti Bhattacharjee & H. Hermanus Lemmer, 2012)<\/p>\n
2) IPL teams and data on Indian stock market
\nThis study uses the data on stock prices of firms sponsoring the Indian premier league (IPL) teams and data on the Indian stock market. The event-study frameworks along with autoregressive moving average and GMM regression are employed to empirically quantify the impacts of the performance of the IPL teams on the stock market returns of the sponsors\u2019 stocks and response of Indian stock market to the outcome of T-20 international matches. Findings – The paper finds that the team winning IPL title in a season has a positive impact on the returns of the sponsors\u2019 stocks of a particular team, whereas loss of team has a negative impact on returns. The outcome of the cricket matches played by team India in the T-20 has a negligible effect on the Indian stock market. (Gourishankar S. Hiremath & Hari Venkatesh & Manish Choudhury (2019))<\/p>\n
DATA COLLECTION
\nFor the purpose of this project, four IPL teams were taken.
\nONE WAY ANOVA WAS CARRIED OUT.<\/p>\n
DATA ANALYSIS
\nONLY ANOVA TABLE<\/p>\n
Anova: Single Factor
\nSUMMARY
\nGroups
\n10
\n7
\n7
\n8<\/p>\n
Count
\n31
\n31
\n31
\n31<\/p>\n
Sum
\n230
\n171
\n169
\n238<\/p>\n
Average
\n7.419354839
\n5.516129032
\n5.451612903
\n7.677419355<\/p>\n
Variance
\n10.51827957
\n9.324731183
\n5.855913978
\n9.092473118<\/p>\n
USING ONE WAY ANOVA
\nSource of Variation
\nBetween groups
\nSS=133.2258065
\ndf=3
\nMS=44.40860215
\nF=5.105699098
\nP-value=0.00232524712
\nF crit=2.680167578<\/p>\n
Within Groups
\nSS=1043.741935
\ndf=120
\nMS=8.697849462<\/p>\n
Total
\nSS=1176.967742
\ndf=123<\/p>\n
H0: All are the same.
\nH1: Any of them is different.
\nDegree of Freedom between groups=k-1 which is number of groups 4-1=3
\nDegrees of freedom within groups = N – k, where N is the total sample size and k is the number of groups (in this case, N = 60 and k = 3, so df = 57).
\nLet’s assume \u03b1 = 0.05 (5%).
\nLook up the critical value of F with df1 = 2 and df2 = 57 in a table or calculator. For \u03b1 = 0.05, the critical value is 3.11.
\nThe calculated F-test statistic is 5.10.
\nSince 5.10 > 3.11, we reject the null hypothesis and conclude that there is a significant difference between the means of the groups.<\/p>\n
CONCLUSION
\nThe results using ONE WAY ANOVA indicate that there is a significant difference between the means of the groups.<\/p>\n
REFERENCES<\/p>\n
Gourishankar S. Hiremath & Hari Venkatesh & Manish Choudhury, 2019. “Sports sentiment and behavior of stock prices: a case of T-20 and IPL cricket matches,” Review of Behavioral Finance, Emerald Group Publishing Limited, vol. 11(3), pages 266-276, August.<\/p>\n
Hemanta Saikia & Dibyojyoti Bhattacharjee & H. Hermanus Lemmer, 2012. “Predicting the Performance of Bowlers in IPL: An Application of Artificial Neural Network,” International Journal of Performance Analysis in Sport, Taylor & Francis Journals, vol. 12(1), pages 75-89, April.<\/p>\n","protected":false},"excerpt":{"rendered":"
ONE WAY ANOVA TITLE:- COMPARISON OF FOUR IPL TEAMS AUTHOR NAME:- SHRUSHTI TODANKAR (MBA FINANCE) INTRODUCTION The Indian Premier League (IPL) is a Twenty20 cricket league held annually in India between March and May and features ten city-based franchise teams. The league was founded in 2007 by the Board of Control for Cricket in India.… Continue reading COMPARISON OF FOUR IPL TEAMS<\/span><\/a><\/p>\n","protected":false},"author":112032,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-17624","post","type-post","status-publish","format-standard","hentry","category-finance","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/users\/112032"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17624"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17624\/revisions"}],"predecessor-version":[{"id":17625,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17624\/revisions\/17625"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17624"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}