Analysis of Salary for Major League Baseball Players
This thesis examines the salary of Major League Baseball (MLB) players and whether players are paid based on their on-the-field performance. Each salary was examined on both the yearly production and the overall career production of the player. Several different production statistics were collected...
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ndltd-ndsu.edu-oai-library.ndsu.edu-10365-275632021-10-02T17:09:20Z Analysis of Salary for Major League Baseball Players Hoffman, Michael Glenn This thesis examines the salary of Major League Baseball (MLB) players and whether players are paid based on their on-the-field performance. Each salary was examined on both the yearly production and the overall career production of the player. Several different production statistics were collected for the 2010-2012 MLB seasons. A random sample of players was selected from each season and separate models were created for position players and pitchers. Significant production statistics that were helpful in predicting salary were selected for each different model. These models were deemed to be good models having a predictive r-squared value of at least 0.70 for each of the different models. After the regression models were found, the models were tested for accuracy by predicting the salaries of a random sample of players from the 2013 MLB season. 2018-02-15T20:26:11Z 2018-02-15T20:26:11Z 2014 text/thesis https://hdl.handle.net/10365/27563 NDSU Policy 190.6.2 https://www.ndsu.edu/fileadmin/policy/190.pdf application/pdf North Dakota State University |
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This thesis examines the salary of Major League Baseball (MLB) players and whether players are paid based on their on-the-field performance. Each salary was examined on both the yearly production and the overall career production of the player. Several different production statistics were collected for the 2010-2012 MLB seasons. A random sample of players was selected from each season and separate models were created for position players and pitchers. Significant production statistics that were helpful in predicting salary were selected for each different model. These models were deemed to be good models having a predictive r-squared value of at least 0.70 for each of the different models. After the regression models were found, the models were tested for accuracy by predicting the salaries of a random sample of players from the 2013 MLB season. |
author |
Hoffman, Michael Glenn |
spellingShingle |
Hoffman, Michael Glenn Analysis of Salary for Major League Baseball Players |
author_facet |
Hoffman, Michael Glenn |
author_sort |
Hoffman, Michael Glenn |
title |
Analysis of Salary for Major League Baseball Players |
title_short |
Analysis of Salary for Major League Baseball Players |
title_full |
Analysis of Salary for Major League Baseball Players |
title_fullStr |
Analysis of Salary for Major League Baseball Players |
title_full_unstemmed |
Analysis of Salary for Major League Baseball Players |
title_sort |
analysis of salary for major league baseball players |
publisher |
North Dakota State University |
publishDate |
2018 |
url |
https://hdl.handle.net/10365/27563 |
work_keys_str_mv |
AT hoffmanmichaelglenn analysisofsalaryformajorleaguebaseballplayers |
_version_ |
1719486902213541888 |