Dual Forecast Maths

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  • blackpoolbison
    SBR Rookie
    • 05-23-14
    • 5

    #1
    Dual Forecast Maths
    Hello, I'm playing with a spreadsheet and I can't figure out what I'm doing wrong, but I can't get the eventual possibilities to add up to 100% so something is up. There are 4 teams, 2 can qualify for a total of 6 possible outcomes.

    To Qualify Market (2 qualify):
    Team A: 0.8
    Team B: 0.6
    Team C: 0.4
    Team D: 0.2

    Dual Forecast Options (order not important):
    AB = A * B/(B+C+D)
    AC = A * C/(B+C+D)
    AD = A * D/(B+C+D)
    BC = B * C/(A+C+D)
    BD = B * D/(A+C+D)
    CD = C * D/(A+B+D)

    is wrong. very wrong. but I'm not sure how to get the right result. I guess it might involve 1 minus the other outcomes somewhere but I'm not certain where in order to get the right result. working backwards from the answers I know are right isn't helping. can anyone assist?

  • blackpoolbison
    SBR Rookie
    • 05-23-14
    • 5

    #2
    I now think this is impossible with only this information. I think you need to take the win probablity from the qualify probability to get the 2nd place probability and then multiply all the possible outcomes, ie AB+BA, AC+CA, AD+DA, BC+CB etc etc.

    If anyone knows better please let me know!

    Comment
    • blackpoolbison
      SBR Rookie
      • 05-23-14
      • 5

      #3
      Is this right??

      (Aw*([Bw-Bq]/[Bq+Cq+Dq]))+(Bw*([Aw-Aq]/[Aq+Cq+Dq])) = AB/BA dual forecast %

      A/B/C/D=team
      w/q=win or qualify %

      Thanks!
      Last edited by blackpoolbison; 06-11-14, 08:55 PM. Reason: adding brackets
      Comment
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