Question
Marketers are keenly interested in how social media (e.g., Facebook, Twitter) may influence consumers who buy their products. Researchers at HP Labs (Palo Alto, CA)
Marketers are keenly interested in how social media (e.g., Facebook, Twitter) may influence consumers who buy their products. Researchers at HP Labs (Palo Alto, CA) investigated whether the volume of chatter on Twitter.com could be used to forecast the box office revenues of movies (IEEE lnternational Conference on Web lntelligence and lntelligent Agent Technology, 2010). Opening weekend box office revenue data (in millions of dollars) were collected for a sample of 24 recent movies. In addition, the researchers computed each movie's tweet rate, i.e., the average number of tweets (at Twitter.com) referring to the movie per hour one week prior to the movie's release. The data (simulated based on information provided in the study) are listed in the table. Assuming that movie revenue and tweet rate are linearly related, how much do you estmate a movie's opening weekend revenue to change as the tweet rate for the movie increases by an average of 100 tweets per hour?
Propose a straight-line model relating math score (y) to percentage (x) of students below the poverty line.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started