Predicting Football Player's Salary
Presentation Type
Poster
Student
Yes
Abstract
The increasing financial demands in football necessitate data-driven strategies for structuring player wages. This study aims to develop a predictive model for football players' salaries using statistical and machine learning techniques. Leveraging a dataset of 99 players with 42 attributes sourced from futhead.com via Kaggle and Scrapy, we conducted exploratory data analysis and applied various modeling approaches. Linear regression identified Age and Value as significant predictors of wages. Ridge regression emerged as the most accurate model, yielding the lowest RMSE (58,699) and MAE (48,336). The study highlights challenges, including the exclusion of high-cardinality variables (e.g., Club and Nationality) and limited feature engineering, which constrained model complexity. The findings underscore the influence of player attributes like Age and Value on wages, offering clubs practical tools for budget management and transfer decisions. Future research will focus on incorporating non-linear models and exploring domain-specific features to enhance predictive accuracy.
Start Date
2-7-2025 1:00 PM
End Date
2-7-2025 2:30 PM
Predicting Football Player's Salary
Volstorff A
The increasing financial demands in football necessitate data-driven strategies for structuring player wages. This study aims to develop a predictive model for football players' salaries using statistical and machine learning techniques. Leveraging a dataset of 99 players with 42 attributes sourced from futhead.com via Kaggle and Scrapy, we conducted exploratory data analysis and applied various modeling approaches. Linear regression identified Age and Value as significant predictors of wages. Ridge regression emerged as the most accurate model, yielding the lowest RMSE (58,699) and MAE (48,336). The study highlights challenges, including the exclusion of high-cardinality variables (e.g., Club and Nationality) and limited feature engineering, which constrained model complexity. The findings underscore the influence of player attributes like Age and Value on wages, offering clubs practical tools for budget management and transfer decisions. Future research will focus on incorporating non-linear models and exploring domain-specific features to enhance predictive accuracy.