The owner of a firm using predictive modeling to locate baseball talent told a recent meeting of insurance actuaries that a key challenge they face is getting their management to invest in and support modeling techniques.
John Dewan, owner of Baseball Info Solutions and actuary, made his remarks Oct. 4 at the Casualty Actuarial Society Seminar on Predictive Modeling in Boston.
Mr. Dewan, according to a report of his remarks by CAS, said new actuarial techniques such as data mining and predictive modeling are increasingly being used by Major League Baseball teams to help them gain a competitive edge on the field.
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