Predicting the success of nations at the Summer Olympics using neural networks

https://doi.org/10.1016/S0305-0548(99)00003-9Get rights and content

Abstract

In this paper, we construct several models that try to predict a country’s success at the Summer Olympic Games. Our data set consists of total scores for over 271 sporting events for 195 countries that were represented at the 1996 Summer Games and information we gathered on 17 independent variables. We build linear regression models and neural network models and compare the predictions of both types of models. Overall, the best neural network model outperformed the best regression model.


Scope and purpose

Every four years, an enormous amount of attention is focused on the Summer Olympic Games. Sports fans and analysts do their best to predict the outcomes with respect to many sporting events and the overall performance of nations competing at the Olympics. In this paper, we develop and compare socio-economic-based models for predicting the success of nations at the Summer Olympics.

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Cited by (54)

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    First, by increasing the level of granularity beyond country-specifics; second, by including more years; and third, by exploring additional independent variables. As a common way to incorporate more granular data, and thus to increase the forecast accuracy, some authors considered predicting the Olympic success by focussing on different sports (e.g. Tcha and Pershin, 2003; Noland and Stahler, 2016a; Vagenas and Palaiothodorou, 2019), sometimes even exploring data on the level of the individual athlete (Condon et al., 1999; Johnson and Ali, 2004). Due to the increasing relevance of gender studies, other authors have begun differentiating their data sets by gender (Leeds and Leeds, 2012; Lowen et al., 2016; Noland and Stahler, 2016b).

  • Multicultural managers and competitive advantage: Evidence from elite football teams

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    Country population influences the size of the pool of available athletes for a team. Population is an important determinant of success in the Olympic Summer Games (Condon, Golden, & Wasil, 1999; Szymanski, 2000) and association football (Hoffmann, Ging, & Ramasamy, 2002). Gross domestic product per capita is an indicator of the economic potential of the country, which is necessary for developing elite sport talent.

  • Olympic medals and demo-economic factors: Novel predictors, the ex-host effect, the exact role of team size, and the "population-GDP" model revisited

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    As too complex regression models tend to increase variances in the coefficients and the predictions, while oversimplified ones suffer from biased coefficients and predictions (Myers, 1990, pp. 178–180), the main methodological problem in this area has been the determination of optimal specifications. When a large number of candidate correlates of Olympic success are explored, some of them end-up to simply be distal covariates of minor or no relevance, as for example correlates such as expected life span, death rate, number of airports, and total railway length found in study (Condon et al., 1999). On the other hand, there are cases of studies in which oversimplified models of Olympic success are proposed with only two predictors (population & GDP), as for example the multiplicative function of Morton (2002) and the ordered-logit model of Andreff (2001), or even with solely one predictor (GNP), as the simplest ever published model proposed by Nevill and Stead (2003).

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