Problem Set: Question 1.5: Some studio executives believe t…
Problem Set: Question 1.5: Some studio executives believe that the effects of budget (a conventional metric) and likes (a social media metric) on gross revenue depend on whether the movie is sequel or not. Run a regression analysis to predict gross revenue based on ratings, and the various conventional and social media metrics, and any new variable needed to capture the executives’ beliefs as stated above. Your final model should have the best predictive power (% of variation explained) AND where all regression slopes are significant at 10% or less.