The return of the Euro's - tomorrow evening France host Romania in the first game of the 2016 European Football championship.
Goldman Sachs have put their research team to work and the results from their analysis suggest France, the home nation, are most probable to lift the trophy.
Using sophisticated statistical modelling, and considering variables such as France's home advantage, has helped churn out the econometrician's take on the tournament. However, in a year when Leicester City won the Premier League at odds of 5000/1, it is difficult to place faith in historical data and a set of subjective variables.
The flattering 11% probability that England will lift the trophy on July 10th, despite their recent record in big tournaments, fuels the imagination of fellow fans that 'this will be our year'. One can, for now in the realms of big data and the hypothetical world of predictive analytics, dream that we are actually the 4th most probable team to win Euro 2016.
We [Goldman Sachs] present a model for predicting the outcome of the 2016 European Football championship in France from June 10 to July 10... The model says that France has a 23% probability of winning the trophy, followed by Germany at 20%, Spain at 14%, and England at 11%.
http://www.goldmansachs.com/our-thinking/macroeconomic-insights/euro-cup-2016/index.html