Very nice work.
So your "weighted sum" is obtained by the [(0.55 x OffRebRate) - (1.2 x TORatio) + (2.3 x TS%)]/1.059 formula?
So, you say those weights are by trial and error? Have you thought about weighing them based on what % of possessions have an O-Reb (tricky with multiple o-boards in some possessions), what % of possessions end in turnover, and weighing TS by the remaining %?
And this really shows you how horrific of an offensive team Charlotte was last year - geesh!
Quick comment: I had a typo. 1.059 was the correction factor for '10-'11. For '11-'12 it was 1.050.
Thanks. I did not approach the weighting system with any kind of organized approach, really. I could check it out. It would essentially change the coefficients to TO/100 x TO, OReb/100 x OReb, and [1-(TO/100+Oreb/100)] for TS%.
Basically, I just summed them all together, and found there wasn't a great association. But then I tweaked their relative value by adding coefficients one at a time and changing them until I found their "peak" R^2 value. Then I moved on to the next one. Not sure how tighter I can get!
Just checked, and it's not close. .51 R^2 or so.
Also, I want to be clear that the last graph shows the "weighted sum" on the x axis that i used as I was exploring how tightly TO, TS, and OReb could be correlated with OffEff. So the formula there is just (0.55 x OffRebRate) - (1.2 x TORatio) + (2.3 x TS%).
I then wanted to be able to adjust a team's Orebs, TOs, or TS and predict how this would change their OffEff, so I went back, compared the "weighted sum" to teams' actual OffEffs and found that the "weighted sum" was a 1.050 overestimate of OffEff. So by dividing by 1.05 you keep the same R^2 association, but now you can actually use it to estimate a real team's Off Eff.
For example, Boston last year had an OffEff of 98.9 last season, with ORR 19.7, TO 25.7, and TS 53.3. By the leaguewide formula I found, using their ORR, TO, and TS would estimate them to have an OffEff of 98.1. So close. Now you could say you wanted them to have an OffEff of 12th, like their championship season I believe. OffEff of 103 would get you there.
So how do the C's get there? Well if they just increased their TS to 55.7 they'd be right there. Of course that would mean they were 3rd in the league in TS, up from 7th this past year. Hard to do, but not impossible.
Or they could cut down their TOs. Reducing their TO ratio from 25.7 to 21.5 would do it. Of course that would be second best in the league, and their 25th ranking is the best they've done in the KG era.
Or they could increase ORebs. Just changing to 28.8 would do it, but that would be 9th place last year. Likely an unreasonable jump.
However, just going from Putrid to 18th(26.7) in ORebs by itself would increase their OffEff to 101.8 (17th) and represent several more wins than last season's 24th mark in OffEff.
So probably, if the C's want to be a better offensive team, they need to make modest gains across the board. Say they go from Putrid to 18th or so in ORebs, then stay the same in TOs. Then a smaller bump in TS just to 54% (5th in the league instead of 7th) gets them to be a top 12 offense at 103 OffEff. If they do that while still being 2nd or so in Defense, that's a truly improved team.