Chelsea for the Premiership say actuaries

Greg Becker, an actuary with RGA, has demonstrated to the conference that through the use of actuarial, statistical and risk management techniques it is possible to build a model which can forecast who will win the Premier League 2010/2011. Becker delivered a presentation using computer simulations and a technique known as Monte Carlo simulation. The detailed model has been tested against recent results, and shows how it would have been able to successfully predict the winner, and those teams who would be relegated, of the Premier League, had it been used at this stage last season. Ho...