What can predict how much a motion picture will make? We have data on a number of

Question:

What can predict how much a motion picture will make? We have data on a number of recent releases that includes the US Gross (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:

image text in transcribed
We want a regression model to predict US Gross. Parts of the regression output computed in Excel look like this:
Dependent variable is-. US Gross ($)
R squared = 47.4% R squared (adjusted) = 46.0%
s = 46.41 with 120 - 4 = 116 degrees of freedom
image text in transcribed
a) Write the multiple regression equation.
b) What is the interpretation of the coefficient of Budget in this regression model?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Stats Data And Models

ISBN: 662

4th Edition

Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock

Question Posted: