Predictions of the Outcomes for League of Legends and Diamond Price Using Regression Method

Abstract

Intensified worldwide inflation has added panic to the public about confidence of monetary currency value. People devote themselves to searching for relative constant measurement on country or world economic level evaluation frequently. Under economic uncertainty and on account of precious metal being a great hedge against inflation, gold or diamond are usually applied into economic analysis or prediction. ​The Diamond, as an equivalent to currency, has extensive acceptance worldwide. Hence, predicting diamond price has the same function compared to economic future forecasting through financial fluctuation. Advances in information technology have facilitated the development of video games and provided opportunities for video game competitions. More and more international tournaments are recognized by sports and sports organizations, and some competitive sports have become official events of the Asian Games. As a sport, fairness is essential, and League of Legends as a 5V5 combat game, fairness on both sides is the basis to maintain the game environment, which means that the winning rate of both sides will be close to 50%. This paper intends to predict diamond price by using simple linear regression. Besides, the forecasting of outcome for League of Legends will be also displayed in this paper, based on the platform R as analysis tool and standard indication. These results shed light on two practical applications of regression models in statistics and the corresponding explanations of their causes will be discussed.