A movie theater chain has calculated the total rating y for…
A movie theater chain has calculated the total rating y for five films. Following parameters were used in the estimation – audience (number of viewers in thousands of people), coefficient based on length of film, critics’’ rating, and coefficient based on personal opinion of movie theater chain owners which will be considered as random error. The results are shown in the table: Movie Rating Data.xlsx Total rating Audience (x1) Length coefficient (x2) Critics rating (x3) 11.55 136.8 8.1 7.9 7.71 116.1 6.2 5.9 13.27 144.2 9.3 8.1 11.79 134.6 7.3 9.4 8.46 121.8 7.0 6.8 The multiple linear regression model for this data is:
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