Estimation of Possible Profit/ Loss of a New Movie Using “Natural Grouping” of Movie Genres

Abstract

Film industry is the most important component of entertain ment industry. A large amount of money is invested in this high risk industry. Both profit and loss are very high fo r this business. Thus if the production houses have an option to know the probable profit/loss of a completed movie to be released then it will be very helpful for them to reduce the said risk. We know that artificial neural networks have been successfully used to solve various problems in nu merous fields of application. For instance backpropagation neural networks have successfully been applied for Stock Market Prediction, Weather Pred iction etc. In this work we have used a backpropagation network that is being trained using a subset of data points. These subsets are nothing but the natural grouping of data points, being extracted by an MST based clustering methods. The proposed method presented in this paper is experimentally found to produce good result for the real life data sets considered for experimentation.