[NOTE: The purse size -- a factor which I incorporate into the attendance model to gauge the "prestige" of an event -- is excluded from this particular analysis on the economy. Although it relates well to the marketing budget for many tracks, I choose to focus on the economic realities …
I’ve received several inquiries pondering attendance and how it’s changed over time. In my last entry, “Understanding Attendance,” I pointed out two major issues with attendance figures provided by event facilities and NASCAR. The problems and solutions are described below: Inflated estimates. Many post-race attendance numbers disconnect with the actual …
[NOTE: The attendance model will be released next week. I'm putting the final touches on it right now. Does the economy control most of the flow of in-race fans? What about gas prices? Does track configuration play much of a role? I'm really excited to unveil this censored regression model. …