Assessing the effectiveness of fuzzy logic-based models for predicting sports event outcomes: A CRITIC-VIKOR approach

Taibo Liu

PLOS ONE, 2024, vol. 19, issue 12, 1-23

Abstract: Incorporating fuzzy logic-based models into sports prediction has generated significant interest due to the intricate nature of athletic events and the many factors influencing their outcomes. This study evaluates the effectiveness of fuzzy logic-based models in predicting sports event outcomes using a hybrid CRITIC-VIKOR approach. The objective is to improve the accuracy and reliability of sports predictions by addressing the complexity and uncertainty inherent in sports data. The study utilizes a comprehensive dataset comprising historical data on team performance, player statistics, and other relevant factors influencing sports outcomes. The CRITIC method determines each criterion’s importance, while the VIKOR method ranks the predictive models to identify the optimal choice. Key findings indicate that the proposed hybrid approach significantly enhances the precision of predictions compared to traditional methods. The best-performing model identified through this approach provides reliable decision support for sports analysts, coaches, and managers. The study recommends incorporating this integrated model into sports analytics for better team management and sports betting decision-making.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:plo:pone00:0313913

DOI: 10.1371/journal.pone.0313913

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