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The Bonehead winner each week could be fun though. :-) Also, calling it a regression model doesn't make it much more than what it mainly...

Posted by: KalElFan (a.k.a del_TOM_KalElFan) on Mar 02, 10:41 in response to elchan2012's post The regression model will account for the boneheadedness....

is -- a weighted average of largely groupthink predictions drinking from the same "tracking" and other early prediction wells, with random boneheadedness depending on the kinds of movies involved any given week.

Smile

Take a look at the SOGOD page, specifically its chart.  Back on February 9, three weeks ago, the price was just over $30 and today it adjusted to just over double that.  We here at HSX were, collectively, completely out to lunch.  Whatever "closeness" HSX had at the end was due in no small part part to allowing trading after hard info comes in.

In MTC's case, theirs is probably one of the earliest predictions (along with boxoffice.com) and it perhaps gives them a greater excuse for being wrong.  But it can also affect everyone else being wrong until the actual numbers start coming in. *shrug*

Not to say your average or weighted average approach isn't better than nothing. Smile

3 Days To Kill - 4.9 mill (20.70 cume) RazorHawk Mar 02, 07:33

Non-Stop - 30 mill RazorHawk Mar 02, 07:35

The Bag Man - $28,449 from 2 locations RazorHawk Mar 02, 07:44

Son Of God - 26.5 mill RazorHawk Mar 02, 07:45

The Wind Rises 1.6 mill (2.04 cume) RazorHawk Mar 02, 07:57

ERNEST & CELESTINE - $15,611 from 1 location RazorHawk Mar 02, 08:05

The Lunchbox - $51,325 from 3 locations RazorHawk Mar 02, 08:09

ERC: "Sony's STALINGRAD hit a wall, debuting exclusively in IMAX 3D with $500k in 308 theaters--$1,622 per." RazorHawk Mar 02, 08:15

Saw Stalingrad in Imax. Pretty good movie but why 3d and why imax? shortit Mar 02, 11:50

Difference between regression model and weekend estimates were, NONST: 19.67%, SOGOD: 15.36% elchan2012 Mar 02, 08:25

Do you think there's enough variation in the data points. Most the the predictors are engaging in group think or looking at the same trackin {nm} Moviesnob Mar 02, 09:01

Yes, there is sufficient variance. The mean standard deviation between the forecasters over 4 years is 2.84. (zero being no variance) {nm} elchan2012 Mar 02, 09:18

The SD could be largely due to groupthink and timing of predictions though. Also, Variety lowballed by about 55% with its $17M on SOGOD... KalElFan Mar 02, 09:46

The regression model will account for the boneheadedness. If they consistently low ball, or high ball, they are weighted lower. {nm} elchan2012 Mar 02, 10:06

What the regression will do is find the relationship between the forecasters predictions and the weekend estimated BO. elchan2012 Mar 02, 10:19

This is a reponse to Gmov below ---> {nm} elchan2012 Mar 02, 10:28

The Bonehead winner each week could be fun though. :-) Also, calling it a regression model doesn't make it much more than what it mainly... KalElFan Mar 02, 10:41

Of the we reporting consistently for 4 years, here are the average error rates. (Box Office has been the most accurate) elchan2012 Mar 02, 11:28

The concept of a regression analysis is that there is an independent variable and a dependent variables. The OW is not dependent on the GMov Mar 02, 10:12

What about this KurtPilo Mar 02, 11:58

I thought it was using HSX stock price as the dependent variable. otherwise, you're right and a weighted average is more appropriate. {nm} Moviesnob Mar 02, 12:21

Frozen, 3.6m (-18%) and... 1 BILLION WW $1,000,236,000 ! {nm} Budd Mar 02, 08:42





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