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Investigating of Turkey Champion Clubs’ Financial Performance Using Bootstrap and Jackknife Methods

Received: 16 February 2015     Accepted: 4 March 2015     Published: 19 March 2015
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Abstract

This study attempts to investigate using bootstrap and jackknife methods how accurate Turkey’s teams, being champion since super league was established, use their financial expenditure for the scores when they were consecutively in league between 2006-2007 and 2013-2014 seasons. In this context, the champion clubs’ financial performance values said eight seasons were obtained by dividing clubs’ total expenditure in each season to scored total points in current season. Also, the results obtained by bootstrap and jackknife methods were compared on the basis of error mean square. Thus, it was judged that bootstrap method gives better results than jackknife method. All statistics of bootstrap and jackknife methods were calculated by the aid of the R packaged software. Turkey’s clubs which had championship: Besiktas, Bursaspor, Fenerbahçe, Galatasaray and Trabzonspor.

Published in American Journal of Theoretical and Applied Statistics (Volume 4, Issue 2)
DOI 10.11648/j.ajtas.20150402.13
Page(s) 58-63
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2015. Published by Science Publishing Group

Keywords

Resampling, Bootstrap, Bootstrap Confidence Interval, Jackknife, Bias, Error Mean Square

References
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[2] Simon, J. L., and Bruce, P., 1991. Resampling: A tool for everyday statistical work. Change, 4(1), 22-32.
[3] Takma, Ç., and Atıl, H., 2003. A Study on Bootstrap Method and Its Practice 1. Probability and Bootstrap Method. Journal of Ege University Faculty of Agriculture., 40(3): 89-96
[4] Efron, B. and Tibshiranni, R., 1993. An introduction to the Bootstrap. Chapman and Hall. New York.
[5] Quenouille , M. H., 1956. Notes on Bias in Estimation, Biometrika, 43: 353-360
[6] Yu, C. H., 2003. Resampling Methods: Concepts, Applications and Justification, Practical Assessment, Research-Evaluaiton, 8(19).
[7] Akşar, T., (2011). Parliamentary Minutes of Meeting Related To Sport Clubs’ Financial Administration Issues and Solution Offers.03.2011, http://www.futbolekonomi.com, (E.T. 30.04.2013).
[8] Dimitropoulos, P., (2010). The Financial Performance of the Greek Football Clubs, Sport Management International Journal, SMIJ, Vol. 6, Nr. 1, ss. 5-27.
[9] Ulusoy, O., 2014. Financial Performance Analysis of Super League Football Clubs. Journal of Yasar University. 9(34) 5716-5731.
[10] Efron, B., 1979. Bootstrap Methods: Another look at jakknife. The annals of Statistics, 7(1): 1-26.
[11] Efron, B., 1981. Censored Data and Bootstrap, Journal of the Acoustical Society of America, 76(374), 312-319
[12] Hamajima, N., Yuasa, H., Matsuo, K., 1999. Methods for Statistical Inferences, Biotherapy 13(6), 739, 1999.
[13] Wehrens, R., Putter, H., Buydens, L. M. C., 2000. The Bootstrap: A Tutorial, Chemometrics and Intelligent Laboratory System. 54, 35-52.
[14] Tukey J. W., 1958. Bias and Confidence in Not-Quite Large Samples. The Annals of Mathematical Statistics. 29(2), 614.
[15] Walsh, B., 2000. Resampling Methods: Randomization Tests, Jakknife and Bootstrap Estimators. Lecture Notes for EEB 596z.
[16] http://www.math.ntu.edu.tw/~hchen/teaching/LargeSample/references/Rbootstrap.pdf. Visit date: September 3, 2014.
[17] http://www.math.montana.edu/~parker/PattersonStats/Bootstrap.pdf Visit date : September 3, 2014.
Cite This Article
  • APA Style

    Tolga Zaman, Kamil Alakus, Hasan Bulut. (2015). Investigating of Turkey Champion Clubs’ Financial Performance Using Bootstrap and Jackknife Methods. American Journal of Theoretical and Applied Statistics, 4(2), 58-63. https://doi.org/10.11648/j.ajtas.20150402.13

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    ACS Style

    Tolga Zaman; Kamil Alakus; Hasan Bulut. Investigating of Turkey Champion Clubs’ Financial Performance Using Bootstrap and Jackknife Methods. Am. J. Theor. Appl. Stat. 2015, 4(2), 58-63. doi: 10.11648/j.ajtas.20150402.13

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    AMA Style

    Tolga Zaman, Kamil Alakus, Hasan Bulut. Investigating of Turkey Champion Clubs’ Financial Performance Using Bootstrap and Jackknife Methods. Am J Theor Appl Stat. 2015;4(2):58-63. doi: 10.11648/j.ajtas.20150402.13

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  • @article{10.11648/j.ajtas.20150402.13,
      author = {Tolga Zaman and Kamil Alakus and Hasan Bulut},
      title = {Investigating of Turkey Champion Clubs’ Financial Performance Using Bootstrap and Jackknife Methods},
      journal = {American Journal of Theoretical and Applied Statistics},
      volume = {4},
      number = {2},
      pages = {58-63},
      doi = {10.11648/j.ajtas.20150402.13},
      url = {https://doi.org/10.11648/j.ajtas.20150402.13},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajtas.20150402.13},
      abstract = {This study attempts to investigate using bootstrap and jackknife methods how accurate Turkey’s teams, being champion since super league was established, use their financial expenditure for the scores when they were consecutively in league between 2006-2007 and 2013-2014 seasons. In this context, the champion clubs’ financial performance values said eight seasons were obtained by dividing clubs’ total expenditure in each season to scored total points in current season. Also, the results obtained by bootstrap and jackknife methods were compared on the basis of error mean square. Thus, it was judged that bootstrap method gives better results than jackknife method. All statistics of bootstrap and jackknife methods were calculated by the aid of the R packaged software. Turkey’s clubs which had championship: Besiktas, Bursaspor, Fenerbahçe, Galatasaray and Trabzonspor.},
     year = {2015}
    }
    

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  • TY  - JOUR
    T1  - Investigating of Turkey Champion Clubs’ Financial Performance Using Bootstrap and Jackknife Methods
    AU  - Tolga Zaman
    AU  - Kamil Alakus
    AU  - Hasan Bulut
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    T2  - American Journal of Theoretical and Applied Statistics
    JF  - American Journal of Theoretical and Applied Statistics
    JO  - American Journal of Theoretical and Applied Statistics
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    PB  - Science Publishing Group
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    UR  - https://doi.org/10.11648/j.ajtas.20150402.13
    AB  - This study attempts to investigate using bootstrap and jackknife methods how accurate Turkey’s teams, being champion since super league was established, use their financial expenditure for the scores when they were consecutively in league between 2006-2007 and 2013-2014 seasons. In this context, the champion clubs’ financial performance values said eight seasons were obtained by dividing clubs’ total expenditure in each season to scored total points in current season. Also, the results obtained by bootstrap and jackknife methods were compared on the basis of error mean square. Thus, it was judged that bootstrap method gives better results than jackknife method. All statistics of bootstrap and jackknife methods were calculated by the aid of the R packaged software. Turkey’s clubs which had championship: Besiktas, Bursaspor, Fenerbahçe, Galatasaray and Trabzonspor.
    VL  - 4
    IS  - 2
    ER  - 

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Author Information
  • Department of Statistics, Faculty of Science and Arts, Ondokuz May?s University, Samsun, Turkey

  • Department of Statistics, Faculty of Science and Arts, Ondokuz May?s University, Samsun, Turkey

  • Department of Statistics, Faculty of Science and Arts, Ondokuz May?s University, Samsun, Turkey

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