In Buffalo Niagara, the falling leaves mark another Bills’ season and endless debates about what’s in store for our beloved team. NFL analysts and prognosticators predict each team’s playoff future but this year, Team BNE is taking a slightly different approach to forecast the Bills’ win-loss potential. Instead of rankings and depth charts, we matched up each game on a stat that we regularly report, cost-of-living.
When we work to attract a company to our region, the Buffalo Niagara’s cost-of-living comes up frequently. This statistic puts salary into context and illustrates how far a dollar goes here versus other areas. Aggregated by the Council for Community and Economic Research, every quarter Team BNE hits the field to price out a typical “basket of goods” which ranges from food staples to home prices and doctor visits to dry cleaning services. The data from Q2, 2014 shows we have a score of 97.2, which means our cost-of-living score is 2.8% below the national average. Using this data, we matched up the Buffalo market versus the Bills’ 2014 – 2015 opponents. (The Green Bay game was recorded as a tie with no data for their market.) Let the competition begin!
If our cost of living score is any kind of indication, using our complicated prediction model, the analysis shows the Bills will have an easy run into the playoffs with a final record of 14-1-1!
(Sigh….) If only this figure was taken into account for the actual season! But you can bet Team BNE is looking for a season of economic wins and when it comes to our beloved Bills, the playoffs will be more than a fantasy!
by Christopher Finn, Research Manager