1. Why is it important for Hollywood professionals to predict the financial success of movies? 2. How...

Question:

1. Why is it important for Hollywood professionals to predict the financial success of movies?
2. How can data mining be used to predict the financial success of movies before the start of their production process?
3. How do you think Hollywood performed, and perhaps is still performing, this task without the help of data mining tools and techniques?

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1 The movie industry is the land of hunches and wild guesses due to the difficulty associated with f...View the full answer

Answered By

Ali Khawaja

my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce

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