I have a little question: What about the possibility of decimal in the potential? I don't know if it's the case, but the question deserves to be asked
Why just ask this about potential? Why not also ask the question for skills?
Anyhow, I will answer the question myself. ;-) The reason why Joseph Ka's salary analysis worked is because he knew that the salary value was (basically) correct. However, he also knew that there was error in the skill component (because of sub-levels). But that is not an issue with a regression model (like the one he used). You can accept error in the dependent variables. It may mean that it takes more data to get to the end result. But his error coefficients were pretty good, so he was comfortable that he was not missing the data.
So, if I could know or assume that there is no error in the potential value, I could be quite comfortable using a regression model. And that is where I started with my analysis. But because of the results so far, and because of people like you who keep bringing up the possibility of sub-levels in potential, I looked around for other options. And I think I might be on to something here:
(155261.24). This "total least squares" approach lets you model with errors in both your response variable (in this case, potential) and also in your explanatory variables (in this case, skills).
Now, what I would like to be able to do is limit the error for potential. I think we can all agree that, even if there are sub-levels, allstar potential is probably going to fall somewhere between 6-7 (or maybe 5-6, I don't know). But like I said, that is beyond my programming knowledge at the moment. So all I can model is for some type of error in potential, but what kind of error, I can't specify without some help on the programming side.
Run of the Mill Canadian Manager