Using a statistical approach, regression analysis estimates the relationship between a dependent variable and other independent variables. Regression analysis technique is commonly used by business researchers and economists to provide management understandings and helps in decision making within an organization. Regression analysis predicts the future of a business. This paper performs a regression analysis using data from twenty movies.
Question 4:
It appears that critic and audience members agree on what a movie should be rated because there is a strong positive relationship between the two; r (17) = 0.88, ρ < 0.05.
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It appears that large budgets do not necessarily lead to high-grossing movies. From the regression calculation, it is evident that budgets have a weak positive relationship with high-grossing movies; r(17) = 03989, ρ > 0.05
There is a weak relationship between higher ratings and higher budgets. High-budget movies have a weak influence on movies critics as shown by the regression r(17) =0.3780, ρ > 0.05.
There is a weak positive relationship between higher ratings by audience members and higher gross amounts earned by the movie as seen from the calculations; r(17) = 0.06091054, ρ > 0.05.
