This article relates to our AP Stats class because as of now we are learning to create regressions for a set of data. This article begins by creating a linear regression based on movie reviews, then goes more in depth. A couple of new things I learned from this is about regressions using multiple variables, and binary variables.
To see how well this model works, I am going to test it on "The Dark Knight Rises".
RT: 87
Budget: $230,000,000
Theaters: 15,000
Sequel: 1 (yes)
PG-13: 1 (yes)
Gross= -80 + .6(87) + .5(230) + .025(15,000) + 50 + 20 = $532,200,000
Actual: $1,076,169,641
So, for the TDKR, this doesn't quite work. However this movie was wildly successful and popular, so it was likely an outlier.
Finally, I will attempt to predict the revenue for Skyfall using this equation. Since there are no reviews or theater numbers yet, I will predict using Quantum of Solace's values.
RT: 65
Budget: $130 million
Theaters: 3500
Sequel: 1
PG-13: 1
Gross= -80 + .6(65) + .5(130) + .025(3500) + 50 + 20 = 181.5
With this, I predict Skyfall will gross $181,500,000.
And that is the statistics of movies!