SDS 291
September 29, 2025
Research Question
As newly-minted movie executives at Columbia Pictures circa 2008, we’d like to know whether our $200,000,000 investment in the movie Quantum of Solace will pay off.

movies data:Budget_2008 and Total_Gross in millions of dollarsLinear regression is generally less robust to violations of:
Is there some function that we can apply to one (or both) of \(x\) and \(Y\) so that the regression conditions seem reasonable for the relationship between the transformed variables?


Call:
lm(formula = log(Total_Gross_M) ~ log(Budget_M), data = movies)
Residuals:
Min 1Q Median 3Q Max
-2.5108 -0.6550 0.1023 0.5687 3.0493
Coefficients:
Estimate Std. Error t value Pr(>|t|)
(Intercept) 0.97649 0.26773 3.647 0.000359 ***
log(Budget_M) 0.74400 0.07487 9.937 < 2e-16 ***
---
Signif. codes: 0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1
Residual standard error: 0.8933 on 159 degrees of freedom
(46 observations deleted due to missingness)
Multiple R-squared: 0.3831, Adjusted R-squared: 0.3792
F-statistic: 98.75 on 1 and 159 DF, p-value: < 2.2e-16
Need careful consideration:

SDS 291