Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Math Expert


Home >> Math

Multiple Regression Models Case Study: Web Video on Demand

Web Video on Demand (WVOD) is an Internet video-on-demand streaming service. The company offers a subscription service for $5.99/month, which includes access to all programming and 30-second commercial intervals.

In the last year, the company has recently begun producing its own programming, including 30-, 60-, and 120-minute television shows, specials, and films. Programming has been developed for teen audiences as well as adults.

The following data represent the amount of money brought in through advertising sales, the average number of viewers, length of the program, and the average viewer age per program.

Advertising Sales ($)

Average # of Viewers (Millions)

Length of Program (Minutes)

Average Viewer Age (Years)

28,000

10.1

30

30

25,500

11.4

30

25

31,000

19.9

60

30

29,000

13.6

60

38

20,500

12.5

60

20

14,500

3.5

30

15

27,000

15.1

60

24

23,500

3.7

30

17

19,500

4.3

30

19

23,000

12.2

120

45

18,000

5.1

120

19

29,500

15.9

60

28

30,000

16.8

120

31

25,000

8.5

120

58

22,500

9.1

30

43

The WVOD executives are in the process of evaluating a partnership with several independent filmmakers to fund and distribute socially conscious and diverse programming. The executives have asked for regression models to be developed based on specific needs. The three regression model requests and programming details are included below.

The WVOD executives would like to see a regression model that predicts the amount of advertising sales based on the number of viewers and the length of the program. Develop this regression model ("Regression Model A"). Web Video on Demand would like to acquire a 60-minute documentary special about social media and bullying. The special is aimed at teen viewers and is estimated to bring in 3.2 million viewers. Based on the regression model, predict the advertising sales that could be generated by the special.

The WVOD executives would also like to see a regression model that predicts the amount of advertising sales based on the number of viewers, the length of the program, and the average viewer age. Develop this regression model ("Regression Model B"). Web Video on Demand may acquire a 2-hour film that was a hit with critics and audiences at several international film festivals. Initial customer surveys indicate that the film could bring in 14.1 viewers and the average viewer age would be 32. Use this information to predict the advertising sales.

Multiple Regression Models Case Study: Web Video on Demand

Web Video on Demand (WVOD) is an Internet video-on-demand streaming service. The company offers a subscription service for $5.99/month, which includes access to all programming and 30-second commercial intervals.

In the last year, the company has recently begun producing its own programming, including 30-, 60-, and 120-minute television shows, specials, and films. Programming has been developed for teen audiences as well as adults.

The following data represent the amount of money brought in through advertising sales, the average number of viewers, length of the program, and the average viewer age per program.

Advertising Sales ($)

Average # of Viewers (Millions)

Length of Program (Minutes)

Average Viewer Age (Years)

28,000

10.1

30

30

25,500

11.4

30

25

31,000

19.9

60

30

29,000

13.6

60

38

20,500

12.5

60

20

14,500

3.5

30

15

27,000

15.1

60

24

23,500

3.7

30

17

19,500

4.3

30

19

23,000

12.2

120

45

18,000

5.1

120

19

29,500

15.9

60

28

30,000

16.8

120

31

25,000

8.5

120

58

22,500

9.1

30

43

The WVOD executives are in the process of evaluating a partnership with several independent filmmakers to fund and distribute socially conscious and diverse programming. The executives have asked for regression models to be developed based on specific needs. The three regression model requests and programming details are included below.

The WVOD executives would like to see a regression model that predicts the amount of advertising sales based on the number of viewers and the length of the program. Develop this regression model ("Regression Model A"). Web Video on Demand would like to acquire a 60-minute documentary special about social media and bullying. The special is aimed at teen viewers and is estimated to bring in 3.2 million viewers. Based on the regression model, predict the advertising sales that could be generated by the special.

The WVOD executives would also like to see a regression model that predicts the amount of advertising sales based on the number of viewers, the length of the program, and the average viewer age. Develop this regression model ("Regression Model B"). Web Video on Demand may acquire a 2-hour film that was a hit with critics and audiences at several international film festivals. Initial customer surveys indicate that the film could bring in 14.1 viewers and the average viewer age would be 32. Use this information to predict the advertising sales.

 

Math, Academics

  • Category:- Math
  • Reference No.:- M92164269
  • Price:- $30

Priced at Now at $30, Verified Solution

Have any Question?


Related Questions in Math

Assignment - provide solution to the following questionsq1

Assignment - Provide solution to the following questions: Q1. Evaluate the following: ∫xsin3x dx Q2. If , then for what value of α is A an identity matrix? Q3. The line y = mx + 1 is a tangent to the curve y 2 = 4x. Find ...

Assignment - solving the five question in the very details

Assignment - Solving the five question in the very details, thanks a lot. Question - Let a ∈ P n be a point. Show that the one-point set {a} is a projective variety, and compute explicit generators for the ideal I p ({a} ...

Instructionsthe aim of the assignment is that the

Instructions The aim of the assignment is that the student/group studies and applies numerical methods such as Euler's method, the Improved Euler's method and the Runge-Kutta method to solve first-order differential equa ...

Clarity succinctness writing your name and netid1

Clarity, succinctness, writing your name and Netid: 1 Indistinguishability 1. If {X n }n is computationally indistinguishable from {Y n } n , {Y n } n is computationally indistin- guishable from {Z n } n, then (select th ...

Mathematics- algebraic geometry problemlet k denotes an

Mathematics- Algebraic Geometry Problem Let K denotes an algebraically closed field and let P 1 be constructed as in Example 5.5(a) in Gathmanns notes, i.e. P 1 is the gluing of X 1 = A 1 and X 2 = A 1 along  the open su ...

Assessment taskpractical investigation- question 1 requires

Assessment Task Practical Investigation - Question 1 requires selecting reference points from the graph. It is expected that each student will choose different reference points to other students. Take note of the criteri ...

Questions - provide solution to the following questionsq1

Questions - Provide solution to the following questions: Q1. Evaluate the following: ∫xsin3xdx Q2. If , then for what value of α is A an identity matrix? Q3. The line y = mx + 1 is a tangent to the curve y 2 = 4x. Find t ...

Question 1 - for the ivp of ode y t-1e-y y1 0 find an

Question 1 - For the I.V.P of ODE y' = (t-1)e -y , y(1) = 0, find an approximation to y(1.2) using the following numerical methods with Δt = 0.1. Compare the numerical solution with the exact solution and compute the err ...

1 suppose that n 10088821 is a product of two distinct

1. Suppose that n = 10088821 is a product of two distinct primes, and Φ(n) = 10082272. Determine the prime factors of n. 2. It is easy to show that the converse of Fermat's Theorem does not hold; i.e., the congruence a n ...

Question you will recommend a course of action regarding

Question: You will recommend a course of action regarding strategic planning in light of the issue the healthcare organization is facing. Be sure to address the following: 1. Provide a brief summary of the issue facing t ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As