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Predicting Olympic Medal Counts: A Statistical Analysis of Socioeconomic and Demographic Factors at the 2004 Athens Games

This document provides a statistical analysis of factors influencing Olympic medal counts.

Caleb Patterson
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Predicting Olympic Medal Counts: A Statistical Analysis of Socioeconomic andDemographic Factors at the 2004 Athens Games[1] Some interesting countries, such as Russia and Jamaica, are excluded from the data setbecause information was notavailable for all variables.1.Add a dummy variable to the data set, representing whether the nation was the host of theOlympics. (Hint: The 2004 Athens Olympic Games were hosted byGreece.) Perform acorrelation analysis on all of the variables in the data set, and show the results here indescending order of importance. Explain your results.MedalsGDP$BillionPopulationMillionAreaInfantDeaths/1,000BirthsInflationRateFertilityRateGDPGrowthRateTelephonesMillionMedals1GDP $Billion0.85793191PopulationMillion0.40521310.6032881Area0.56123870.631930.5320311151InfantDeaths/1,000Births-0.317771-0.1902-0.02265106-0.0441Inflation Rate-0.084563-0.08815-0.046363-0.0060.3261437261Fertility Rate-0.356477-0.19573-0.07377757-0.0460.7727713760.14044631GDP GrowthRate0.01513790.0072230.1172778060.04020.217323495-0.2462250.011381TelephonesMillion0.88654010.9849860.5977240290.626-0.20797371-0.087105-0.21190.023921912. Show scatter diagrams of the two most important predictors, showing their relationship to“Medals”. Use labels to indicate interesting outliers, show a linear trend line, and writesomethingintelligent about your graphs.

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Statistics

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