I have been developing my cricket index and I am happy with the tweaks I made. I have decided to have a soft run of the index with the Indian Premier League before I run it starting with the test match between Ireland and Pakistan followed by the Pakistan tour of England. Test, ODI and T20 will have different weights for the same factors.
My methodology is essentially to treat a team as a portfolio with each player an investment. The value of the team is the total of the individual performance of the players. I am curious about the results of the soft run. There cannot be a better baptism of fire for my index than the Indian Premier League. The main reason I started this project is that I believe that the ranking that is given by the ICC has little relevance to the actual performance of the team.
I believe I have either eliminated or reduced the biases that indices have especially cricket statistics.