Sankey Diagram for the 2018 FIFA World Cup Forecast

June 10, 2018
By

(This article was first published on Achim Zeileis, and kindly contributed to R-bloggers)

The probabilistic forecast from the bookmaker consensus model for the 2018 FIFA World Cup is visualized in an interactive Sankey diagram, highlighting the teams’ most likely progress through the tournament.

Bookmaker consensus model

Two weeks ago we published our Probabilistic Forecast for the 2018 FIFA World Cup: By adjusting quoted bookmakers’ odds for the profit margins of the bookmakers (also known as overrounds), transforming and averaging them, a predicted winning probability for each team was obtained. By employing millions of tournament simulations in combination with a model for pairwise comparisons (or matches) we could also obtain forecasted probabilities for each team to progress through the tournament. In our original study, we visualized these by “survival” curves. See the working paper for more details and references.

Sankey diagram

Here, we present another display that highlights the likely flow of all teams through the tournament simultaneously. Click on the image to obtain an interactive full-width version of this Sankey diagram produced by Plotly.

Sankey diagram

Compared to the survival curves shown in our original study this visualization brings out more clearly at which stages of the tournament the strong teams are most likely to meet. Its usage was inspired by the nice working paper On Elo based prediction models for the FIFA Worldcup 2018 by Lorenz A. Gilch and Sebastian Müller.

In a few days we will start learning which of these paths will actually come true. Enjoy the 2018 FIFA World Cup!

To leave a comment for the author, please follow the link and comment on their blog: Achim Zeileis.

R-bloggers.com offers daily e-mail updates about R news and tutorials on topics such as: Data science, Big Data, R jobs, visualization (ggplot2, Boxplots, maps, animation), programming (RStudio, Sweave, LaTeX, SQL, Eclipse, git, hadoop, Web Scraping) statistics (regression, PCA, time series, trading) and more...



If you got this far, why not subscribe for updates from the site? Choose your flavor: e-mail, twitter, RSS, or facebook...

Comments are closed.

Search R-bloggers


Sponsors

Never miss an update!
Subscribe to R-bloggers to receive
e-mails with the latest R posts.
(You will not see this message again.)

Click here to close (This popup will not appear again)