CAPSTONE PROJECT

PGP-DSBA June Batch Group-2

Problem Statement
Determining the estimated bid price of a player for franchise owners in
any premier league matches is based on the player's past performance
and the probability of generating revenue for the franchise. Here, our
objective is to address the critical and important aspect for a franchise:
determining the base price of a player. The optimum bid price depends
on a large number of factors, including the player's past performance,
key strengths, and how well the player fits into the overall team
strategy. Additionally, we will assess the social media presence of each
player under auction, including the number of followers, types of
tweets/posts, engagement ratios, and the overall brand value of the
player.
Problems solved/Potential Benefits
This approach will assist IPL franchises in:
1. Estimating the optimum budget for the team based on the strategy
and player choices to ensure a high probability of winning the
tournament.
2. Identifying alternate revenue sources and estimating the
potential total revenue.
• In premier league, franchise owners face the challenge of accurately determining
a player's estimated bid price, crucial for strategic player acquisitions. The bid
price is influenced by various factors, such as the player's performance history,
potential revenue generation for the franchise, alignment with team strategy, and
market demand. Our objective is to address this critical aspect by establishing a
robust methodology to determine the base price of players to max value. This
involves comprehensive analysis of player performance metrics, strengths,
suitability within the team's framework, and market trends. Additionally, we aim
to incorporate social media metrics, including follower count, engagement levels,
content type, and overall brand value, to provide a comprehensive evaluation of a
player's market worth. By integrating these criteria, we seek to provide franchise
owners with actionable insights to make informed bidding decisions and optimize
their team composition.
Possible Data Sources and Data Sets
Data Sources:
1. Vidhya Analytics IPL
2. Data World IPL