A. Measuring Wins Produced in the NBA
Throughout the book, we mention Wins Produced for NBA players, a metric introduced in The Wages of Wins and Berri (2008). Much of the following discussion is offered for those who are interested in how this is calculated.
A Very Brief Introduction to Regression Analysis
The Wins Produced calculations are based on various regressions. For economists, regressions are often the laboratory in which we work. For many non-economists, though, the basics of regression may be unfamiliar. Fortunately, to understand our arguments one only needs to understand a few simple concepts.
Let’s start with the following simple model:
(1)
In words, this model says that wins are a function of how many points a team and the ...
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