The Games are over! But one Gold Medal still remains to be given. Not the one that was stripped from the dope-infested shot-putter from Belarus, but one that is given for a numbers game played outside the arena, outside the host nation even. But the game itself, is all about the host nation, in this year's case, Great Britain.
Every 4 years, just before the Olympic Games is held, Economists, Statisticians and independent researchers the world over try to predict the number of medals and gold in particular, that the host nation will win. It never ceases to amaze people in these professions how the host nation always ends up winning more medals than they have in the recent past or sometimes, even more than they have ever won before at the games.
The game was on this time too. Participants included big consulting firms like Price Waterhouse Cooper's to academicians / students in reputed universities to independent candidates in lesser known nations. But no prizes for guessing which country wins the Gold Medal on this game, yet again. It doesn't do anything to affect their overall ranking, the United States will still stay at the top of the table.
The significance of this Gold Medal is no less than any other, for Emily Williams, researcher at the Tuck School of Business at the Dartmouth University in New Hampshire, USA. Emily predicted that Great Britain will win a total of 62 medals of which 25 would be Gold and in actual, the host nation closed the overall medal tally at the London 2012 Olympics with 65 medals overall of which 29 were Gold.
Having done this 2 times in a row (she had the closest prediction for China at Beijing in 2008 too), she joins the Elite Club of greats to have done this, like the magnificient Michael Phelps and the unstoppable Usain Bolt...
Congratulations Emily Williams! And Good luck for a Hat-trick in 2016 at Buenos Aires...
Every 4 years, just before the Olympic Games is held, Economists, Statisticians and independent researchers the world over try to predict the number of medals and gold in particular, that the host nation will win. It never ceases to amaze people in these professions how the host nation always ends up winning more medals than they have in the recent past or sometimes, even more than they have ever won before at the games.
The game was on this time too. Participants included big consulting firms like Price Waterhouse Cooper's to academicians / students in reputed universities to independent candidates in lesser known nations. But no prizes for guessing which country wins the Gold Medal on this game, yet again. It doesn't do anything to affect their overall ranking, the United States will still stay at the top of the table.
The significance of this Gold Medal is no less than any other, for Emily Williams, researcher at the Tuck School of Business at the Dartmouth University in New Hampshire, USA. Emily predicted that Great Britain will win a total of 62 medals of which 25 would be Gold and in actual, the host nation closed the overall medal tally at the London 2012 Olympics with 65 medals overall of which 29 were Gold.
Having done this 2 times in a row (she had the closest prediction for China at Beijing in 2008 too), she joins the Elite Club of greats to have done this, like the magnificient Michael Phelps and the unstoppable Usain Bolt...
Congratulations Emily Williams! And Good luck for a Hat-trick in 2016 at Buenos Aires...
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