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Originally Posted by Ian Meyers
Thanks very much for the two links. I found Benter's original paper on my hard drive today and am re-reading that one as well.
I know this is a pretty niche topic but I find the theory fascinating. More so because I personally know teams that have employed it successfully.
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I very much doubt that last sentence.
Logistic Regression is not suited at all to solving horse race competition within competition type problems, as Benter found after years of struggling with it in a place with just two tracks. Being first in a blind market as the one eyed man, even with a half-assed method, is more convincing as to cause rather than imagining effect is the cause. That local success has evaporated and would not apply in any Western markets in any case.
