Attracted by the possible returns from a portfolio of movies, hedge funds have invested in the movie

Question:

Attracted by the possible returns from a portfolio of movies, hedge funds have invested in the movie industry by financially backing individual films and/or studios. The hedge fund Star Ventures is currently conducting some research involving movies involving Adam Sandler, an American actor, screenwriter, and film producer. As a first step, Star Ventures would like to cluster Adam Sandler movies based on their gross box office returns and movie critic ratings.

Using the data in the file adam, apply k-means clustering with k = 3 to characterize three different types of Adam Sandler movies. Base the clusters on the variables Rating and Box. Rating corresponds to movie ratings provided by critics (a higher score represents a movie receiving better reviews). Box represents the gross box office earnings in 2015 dollars. Standardize the values of the input variables to adjust for the different magnitudes of the variables. Report the characteristics of each cluster including a count of movies, the average rating of movies, and the average box office earnings of movies in each cluster. How would you describe the movies in each cluster?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Analytics

ISBN: 9780357902219

5th Edition

Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann

Question Posted: