The dataset HollywoodMovies2011 includes information on movies that came out of Hollywood in 2011. We want to
Question:
The dataset HollywoodMovies2011 includes information on movies that came out of Hollywood in 2011. We want to build a model to predict Profitability, which is the percent of the budget recovered in profits. Start with a model including the following five explanatory variables:
RottenTomatoes ...................Meta rating of critical reviews, from the Rotten
Tomatoes website................AudienceScore Average audience score, from the Rotten Tomatoes website
TheatersOpenWeek ............Number of theaters showing the movie on opening weekend
BOAverageOpenWeek ........Average box office revenue per theater opening weekend, in dollars
DomesticGross ....................Gross revenue in the US by the end of 2011, in millions of dollars
Eliminate variables (and justify your decisions) and comment on how the model changes. Decide which model you believe is best using only these variables or a subset of them. Give the model you believe is best and explain why and how you chose it as the best model.
Step by Step Answer:
Statistics Unlocking The Power Of Data
ISBN: 9780470601877
1st Edition
Authors: Robin H. Lock, Patti Frazer Lock, Kari Lock Morgan, Eric F. Lock, Dennis F. Lock