What can predict how much a motion picture will make? We have data on a number of recent releases that includes the USGross (in $M), the Budget ($M), the Run Time (minutes), and the average number of Stars awarded by reviewers. The first several entries in the data table look like this:
We want a regression model to predict USGross. Parts of the regression output computed in Excel look like this:
Dependent variable is: USGross($)
R squared = 47.4% R squared (adjusted) = 46.0%
s = 46.41 with 120 - 4 = 116 degrees of freedom
a) Write the multiple regression equation.
b) What is the interpretation of the coefficient of Budget in this regression model?

  • CreatedMay 15, 2015
  • Files Included
Post your question