| Characteristic | Beta | 95% CI1 |
|---|---|---|
| (Intercept) | 3.2 | 2.7, 3.7 |
| Rk | 0.69 | 0.65, 0.74 |
| 1 CI = Credible Interval | ||
Model
This model predicts a teams final season standing given its payroll rank within the league.
Model Definition
\[y_i = \beta_0 + \beta_1 x_{1,i} + \epsilon_i\]
with \(y = standing\), \(x_1 = PayrollRank\), and \(\epsilon_i \sim N(0, \sigma^2)\).
Model Parameters
Plot
