I stumbled across a new-to-me blog yesterday that readers of this blog might find interesting: f1metrics - Mathematical and statistical insights into Formula 1, by Andrew Phillips. The site has several long form articles describing models for classifying rankings such as the best ever F1 driver, the best wet weather driver, as well as a novel ranking for drivers in the 2014 season.
The article on building a race simulator describes a process for constructing a simple race simulator that in turn looks like a fun project to try to replicate in R or Python (the blog doesn't currently seem to release any code alongside the posts).
Andrew has also published F1 relevant articles into the academic literature: Uncovering Formula One driver performances from 1950 to 2013 by adjusting for team and competition effects looks interesting, and something I'll have a go at replicating if I can get hold of a copy of the paper.
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