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Bayesian Semiparametric Sales Projections for the Texas Lottery
Volume 7, Issue 1 (2009), pp. 73–87
A. Majumdar   R. Eubank  

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https://doi.org/10.6339/JDS.2009.07(1).435
Pub. online: 4 August 2022      Type: Research Article      Open accessOpen Access

Published
4 August 2022

Abstract

Abstract: State lotteries employ sales projections to determine appropri ate advertised jackpot levels for some of their games. This paper focuses on prediction of sales for the Lotto Texas game of the Texas Lottery. A novel prediction method is developed in this setting that utilizes functional data analysis concepts in conjunction with a Bayesian paradigm to produce predictions and associated precision assessments.

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Keywords
curve registration functional data analysis

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