Question
11.105
11.105 Predicting U.S. movie revenue.
Refer to Case 11.2 (page 550). The data set MOVIES contains several other explanatory variables that are available at the time of release that we did not consider in the examples and exercises. These include
- Hype: A numeric value that describes the interest in the movie at the time of release. The smaller, the more interest.
- Minutes: The length of the movie in minutes.
- Rating: A variable indicating the Motion Picture Association of America film rating. This variable has three categories so two indicator variables are required.
- Sequel: A variable indicating if the movie is a sequel or not.
Using these explanatory variables and Opening, Budget, and Theaters, determine the best model for predicting U.S. revenue.