“The Formula 1 Racing Challenge is here!
I am pleased to announce a new event from @oceanprotocol, we are talking about “The Formula 1 Racing Challenge”!
During the event, participants are invited to dive into analyzing the strategies used in the 2024 racing season. Their task is to examine the data collected on each lap to understand how decisions about pit stops, tire selection and speed management on different sections of the track affect the final race results.
Read more in this tchread.
What data will we be working with?
The Formula One 2024 dataset reveals the details of each lap, including times, tires, pit stops, distances and positions, allowing participants to explore how these elements shape race results.
By analyzing the performance of Soft, Medium and Hard tires, participants will assess how tire durability and performance affect pit stop strategy and ultimately the outcome of the race. This integrated data approach will quantify the impact of strategic decisions on race trajectory, providing a deep understanding of Formula 1 dynamics.
What is the goal of the event?
Participants in the Formula 1 Racing Challenge 2024 project are diving into deep analysis, exploring how tire efficiency and pit stop strategies determine race outcomes. They apply correlation analysis and regression models to understand how the frequency and timing of pit stops correlate with final race positions.
$10000 prize pool
A $10,000 prize pool will be distributed among the top 10 performers.
Participants will also earn points for the 2024 championship. The accumulation of points correlates to increased rewards, as was the case in the 2023 championship, where top performers received an additional $10 for every point earned throughout the year.