Proudly sponsored by PyMC Labs, the Bayesian Consultancy. Book a call, or get in touch!

• Intro to Bayes Course (first 2 lessons free)
• Advanced Regression Course (first 2 lessons free)

Our theme music is « Good Bayesian », by Baba Brinkman (feat MC Lars and Mega Ran). Check out his awesome work!

Visit our Patreon page to unlock exclusive Bayesian swag ;)

Thank you to my Patrons for making this episode possible!

Yusuke Saito, Avi Bryant, Ero Carrera, Giuliano Cruz, Tim Gasser, James Wade, Tradd Salvo, William Benton, James Ahloy, Robin Taylor,, Chad Scherrer, Zwelithini Tunyiswa, Bertrand Wilden, James Thompson, Stephen Oates, Gian Luca Di Tanna, Jack Wells, Matthew Maldonado, Ian Costley, Ally Salim, Larry Gill, Ian Moran, Paul Oreto, Colin Caprani, Colin Carroll, Nathaniel Burbank, Michael Osthege, Rémi Louf, Clive Edelsten, Henri Wallen, Hugo Botha, Vinh Nguyen, Marcin Elantkowski, Adam C. Smith, Will Kurt, Andrew Moskowitz, Hector Munoz, Marco Gorelli, Simon Kessell, Bradley Rode, Patrick Kelley, Rick Anderson, Casper de Bruin, Philippe Labonde, Michael Hankin, Cameron Smith, Tomáš Frýda, Ryan Wesslen, Andreas Netti, Riley King, Yoshiyuki Hamajima, Sven De Maeyer, Michael DeCrescenzo, Fergal M, Mason Yahr, Naoya Kanai, Steven Rowland, Aubrey Clayton, Jeannine Sue, Omri Har Shemesh, Scott Anthony Robson, Robert Yolken, Or Duek, Pavel Dusek, Paul Cox, Andreas Kröpelin, Raphaël R, Nicolas Rode, Gabriel Stechschulte, Arkady, Kurt TeKolste, Gergely Juhasz, Marcus Nölke, Maggi Mackintosh, Grant Pezzolesi, Avram Aelony, Joshua Meehl, Javier Sabio, Kristian Higgins, Alex Jones, Gregorio Aguilar, Matt Rosinski, Bart Trudeau, Luis Fonseca, Dante Gates, Matt Niccolls, Maksim Kuznecov, Michael Thomas, Luke Gorrie, Cory Kiser, Julio, Edvin Saveljev, Frederick Ayala, Jeffrey Powell, Gal Kampel, Adan Romero, Will Geary, Blake Walters, Jonathan Morgan, Francesco Madrisotti, Ivy Huang, Gary Clarke, Robert Flannery, Rasmus Hindström, Stefan, Corey Abshire and Mike Loncaric.

Takeaways:

• The evolution of sports modeling is tied to the availability of high-frequency data.
• Bayesian methods are valuable in handling messy, hierarchical data.
• Communication between data scientists and decision-makers is crucial for effective model use.
• Models are often wrong, and learning from mistakes is part of the process.
• Simplicity in models can sometimes yield better results than complexity.
• The integration of analytics in sports is still developing, with opportunities in various sports.
• Transparency in research and development teams enhances decision-making.
• Understanding uncertainty in models is essential for informed decisions.
• The balance between point estimates and full distributions is a challenge.
• Iterative model development is key to improving analytics in sports.
• It's important to avoid falling in love with a single model.
• Data simulation can validate model structures before real data is used.
• Gaussian processes offer flexibility in modeling without strict functional forms.
• Structural time series help separate projection from observation noise.
• Transitioning from sports analytics to consulting opens new opportunities.
• Continuous learning is essential in the field of statistics.
• The demand for Bayesian methods is growing across various industries.
• Community-driven projects can lead to innovative solutions.

Chapters:

03:07 The Evolution of Modeling in Sports Analytics

06:03 Transitioning from Academia to Sports Modeling

08:56 The Role of Bayesian Methods in Sports Analytics

11:49 Communicating Models and Insights to Decision Makers

15:12 Learning from Mistakes in Model Development

18:06 The Importance of Model Flexibility and Iteration

21:02 Utilizing Simulation for Model Validation

23:50 Choosing the Right Model Structure for Data

27:04 Starting with Simple Models and Building Complexity

29:29 Advancements in Gaussian Processes and PyMC

31:54 Exploring Structural Time Series and GPs

37:34 Transitioning to PyMC Labs and New Opportunities

42:40 Innovations in Variational Inference Methods

48:50 Future Vision for PyMC and Community Engagement

50:43 Surprises in Bayesian Methods Adoption

54:08 Reflections on Problem Solving and Influential Figures

Links from the show:

• Alex's and Chris’ GP tutorial at PyData NYC: https://youtu.be/u6I5pN_Q6r4?si=5IzrQB_0k30Rmzhu
• Chris on GitHub: https://github.com/fonnesbeck
• Chris on Linkedin: https://www.linkedin.com/in/christopher-fonnesbeck-374a492a/
• Chris on Blue Sky: https://bsky.app/profile/fonnesbeck.bsky.social
• Developing Hierarchical Models for Sports Analytics: https://www.pymc-labs.com/blog-posts/2023-09-15-Hierarchical-models-Chris-Fonnesbeck/
• Beyond Moneyball: Phillies Data Scientist Give Students a Real-World Look at How Today’s MLB Teams Use Data: https://datascience.virginia.edu/news/beyond-moneyball-phillies-data-scientist-give-students-real-world-look-how-todays-mlb-teams
• HSGP Reference & First Steps: https://www.pymc.io/projects/examples/en/latest/gaussian_processes/HSGP-Basic.html
• HSGP Advanced Usage: https://www.pymc.io/projects/examples/en/latest/gaussian_processes/HSGP-Advanced.html
• Data simulation with PyMC: https://tomicapretto.com/posts/2024-11-01_pymc-data-simulation/
• LBS #124 State Space Models & Structural Time Series, with Jesse Grabowski: https://learnbayesstats.com/episode/124-state-space-models-structural-time-series-jesse-grabowski

Transcript

This is an automatic transcript and may therefore contain errors. Please get in touch if you're willing to correct them.