BigPack1517
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They're also using '09-13 data of who got selected to predict bids this year, which fails to account for teams that got bids based off good metrics -- a trend that has popped up in the last few years, and a position Wake finds itself in.
Perhaps not coincidentally they were wrong about Wichita and Vandy last year, and UCLA the year before, each of which had good metrics. And on the flip side, they had '14-15 Temple and '15-16 St. Bonaventure in the field, and they both missed, and they both had bad metrics
Absolutely, which is something that is surprising consider they now use an unbiased version of the formula that does not have conference-related bias.
As they state, they can only be as accurate as committees are consistent. My main usage for it has always been with their percentile rankings, as you can see exactly what percentage of past at-large teams have made it in with a team's given resume, which is based off of history and a way to compare past committees.