Monday, July 10, 2006

The world cup champion predicted by UBS

UBS reports shows Italy would win the champoin. Maybe gamesters should not just read the sports news but also business new.
Many influencing factors
Along with "football fever", the team around
UBS Wealth Management Chief Economist Klaus Wellershoff was interested to find
out what variables are important in predicting World Cup success. In doing so,
they discovered that many things that appear to be obvious are, in fact, not
crucial to winning the World Cup. An example of this would be the size of a
country's population, which is often incorrectly correlated to the amount of
potential athletic talent. The FIFA rankings, which list the top national soccer
teams, also prove to be of limited use when it comes to making a prediction: the
FIFA list compiles the sporting success of the individual teams but assigns
equal value to all wins, no matter how strong the opponent.

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