A Comparative Study of the Indicators of Success on the PGA Tour: A Panel Data Analysis
Abstract: Scoring average and earnings serve as the two primary indicators of success on the PGA Tour. However, due to the system of earnings in place, earnings, or earnings per event, are less influenced by key performance statistics and have weaker correlations to these variables than scoring average. This empirical study considers another indicator of success: top ten finishes per event played. Panel Data regressions are used to compare models for scoring average, earnings per event, and top ten finishes per event. We find that the key performance statistics are a better predictor of top ten finishes than earnings per event, and therefore should be considered a better indicator of sucess of a golf player than earnings per event in relation to the key performance statistics.
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International Journal of Economic Practices and Theories (IJEPT) ISSN: 2247 – 7225 (online)