# Do some data entry

I have some work, in an Excel spreadsheet. Hello,

My project involves handicapping horse races.

I currently use an excel spreadsheet to organize my information.

There is one piece of information ithat needs to be analyzed and coverted to probabilities.

This is my performance points figure.

I have a series of performance figures, awarded to contestents for an event.

The number of contestents in each event varies from 4 to 20.

A typical set of inputs for the performence figures might be:

73,68,54,50,44,42

The spread between points varies from one contest to the next.

The higher the figure, the more likely the contestent will be the winner.

On average, the contender ranked highest wins at a rate of about 38% (see insert).

Category Win Second Third

A HORSE 37% 27% 23%

B HORSE 28% 27% 21%

C HORSE 6% 10% 15%

D HORSE 7% 11% 14%

E HORSE 11% 11% 10%

I want a Monte Carlo Sim integrated into my worksheet to help me accurately define probabilities for each contender, by analyzing the performance figures.

My current method for estimating each contenders probability is to simply divide the individual figure by the total sum of points awarded. Obviously not very accurate.

I would appreciate any ideas you might have.

This is a project about solving a question of probabilities.

I have multiple possible outcomes and need to define their probability.

This is why I think a Monte Carlo Simulation would work well.

( 0 comentarios ) United States

Nº del proyecto: #10462567

## 12 freelancers están ofertando el promedio de \$158 para este trabajo

tomydeveloper

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husnain0111

hi i am interested in your project.i understand what you want.i have another idea to give you accurate point to get awarded with high accuracy. i will apply some machine learning algorithm on data and predict your wi Más

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3.3

I understand the probability distribution concepts and can help you with a small script, programmed where the inputs come from your end and you can get the estimated probabilities with logical reasoning and formulas, I Más

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dkdesigndesk

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infotechroyal8

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vosojewi

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zubairsheikh629

A proposal has not yet been provided

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wyseoptions

Hi, I am a Statistician/Data Analyst with more than 10 years experience working on advanced analytical projects. I have completed several machine learning horse racing projects, an example of a recent one is an excel Más

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Vahagn777

I've a Masters Degree in Mathematical Finance from Columbia University and have a lot of experience in monte carlo simulation. I think the Monte carlo simulation will not work for your case, because you don't know the Más

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