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Table of contents Introduction First Model Improved second model Conclusion What makes you go to the cinema? Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU ENAC May 27, 2015 1/31 Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

What makes you go to the cinema?recherche.enac.fr/~steve.lawford/teaching_papers/... · Figure:Number of answers to our survey as a fonction of the date 9/31 Romain FLAMBARD, Erwann

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Table of contentsIntroductionFirst Model

Improved second modelConclusion

What makes you go to the cinema?

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU

ENAC

May 27, 2015

1/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

What are we going to talk about?

1 Introduction

2 First model

3 Improved second model

4 Conclusion

2/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Our aim on this project

Perform an econometrics study on people’s cinema habits

3/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Our aim on this project

Perform an econometrics study on people’s cinema habits

Collect real and appropriate data

4/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Our aim on this project

Perform an econometrics study on people’s cinema habits

Collect real and appropriate data

Interpret our data with EViews and try to modelize the resultsto find an answer to our problem

5/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Our survey (1)

2 Surveys : one in English, onein French

Figure: screenshot of our survey6/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Our survey (1)

2 Surveys : one in English, onein French

Spread via Facebook, mail

Figure: screenshot of our survey7/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Our survey (1)

2 Surveys : one in English, onein French

Spread via Facebook, mail

168 answers in 12 days, 161usable

Figure: screenshot of our survey8/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Our survey (2)

Figure: Number of answers to our survey as a fonction of the date

9/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Who answered our survey ?

Biased survey : survey spreadmostly to our friends

Figure: screenshot of our survey10/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Who answered our survey ?

Biased survey : survey spreadmostly to our friends

Main affected characteristics: age, wage, nationality...

Figure: screenshot of our survey11/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Who answered our survey ? Age bias (1)

Figure: Histogram of the age of people who answered our survey

12/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Who answered our survey ?Age bias (2)

Mostly students : aged between20 and 30

Age parameter notrepresentative : we droppedthis parameter!

Figure: age proportion compared to 30

13/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Who answered our survey ? Nationality bias

1 : French

2 : USA

0 : Others

Nationality not representative: we dropped this parameter!

Figure: Histogram of nationalities14/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Our variables

47 different variables

Coded in 3 different ways : binary, continuous, discretedepending on the variables

Only 161 usable observations→ some parameters had to be dropped

→We only kept about 20 of them

15/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Forecasted influence of the variables (1)

Nature of the variable Name of the parameter Expected influence

Car = 1; No car = 0 CAR +Continuous CINEFRIENDS ?Cinelover = 1; No = 0 CINELOVER +Continuous DISTANCERTODO +Discrete (0-10) FIGHT +> a week 1 ; 0 FILMHOME +Discrete (0-10) FILMSEQUEL +Male 1; Female 0 GENDER ?Rank (1 to 12 ) HISTORICAL -Rank (1 to 12 ) MUSICALS -Discrete (0-10) ORIGINAL VOICE +

16/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Forecasted influence of the variables (2)

Nature of the variable Name of the parameter Expected influence

Discrete (0-10) PRESSREVIEW +Discrete (0-10) SEAT LOC +Rank (1 to 12 ) THRILLER -Binary 0 :<2000 €/m WAGE +Rank (1 to 12 ) WAR +Rank (1 to 12 ) COMEDIES -Continuous CLOSEST CINE -1 : Civil servant; 0 Not CIVIL SERVANT +

17/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Presentation of our first model

Simple linear model, only 14 variables were kept

Here is the model:

First model

Cinefrequency = β1 + β2.Cinelover + β3.Civil Servant+

β4.Closestcine + β5.Comedies + β6.Eveningouts + β7.Fights +β8.Gender + β9.Historical + β10.Movie Book + β11.Musicals +β12.Pressreview + β13.Seatloc + β14.Wage + β15.War + ui

18/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Analysis of the first model(1)

Wage has a huge negativeimpact?

Presence of fights in the moviehas negative impact?

Cinelover has a very highpositive impact :)

19/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Analysis of the first model(2)

R2 = 17% : Rather poormodel!

Adjusted R2 = 9% : Evenpoorer :(!

Many parameters have a highprobability : not significant

We need a new model

20/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

First model after computation

First model with coefficients

Cinefrequency = 12.20 + 7.402.Cinelover − 0.9854.Civil Servant

- 0.0036.Closestcine- 0.0224.Comedies + 0.8233.Eveningouts -1.249.Fights + 3.30.Gender - 0.481.Historical + 0.618.Movie book- 0.328.Musicals + 0.934.Pressreview +0.826.Seatloc - 8.16.Wage- 0.658.War + ui

21/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

2nd model

We added variables to themodel to increase the precision

Figure: Coefficients of our 2nd model22/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Main unexpected effects

Gender : Men tend to go moreto the cinema than women

Wage : The bigger it is , theless you go to the cinema ?!

Civil servants : They go less tothe cinema

Figure: Coefficients of our 2nd model23/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

2nd model

R2 = 29, 5%

F-statistic = 3,09

p-value = 0,000065

Figure: Coefficients of our 2nd model24/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

F-statistic

F-statistic = 3,09 > F(19;0,01)=2.8609

α < 0.01→ we do reject the NULL

Our equation as a whole has a statistically significant amountof explanatory power !

25/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Ramsey RESET test

We test the linearity

F statistic : 6.01 > F(20;0,001)= 3,84

We cannot really assume themodel is linear

Figure: Ramsey RESET26/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Jarque Bera

Huge Jarque Bera value : weare sure that our errors don’tfollow a normal law.

Leptokurtic distribution : notvery peaked

Skewness >0

Figure: Resids27/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Resids

Our errors don’t follow the line ,but we expected that with theJB value

Figure: Resids28/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Conclusion

Our model

Quite poor linear model ,needs some squaredvariables

Errors are not following anormal law

R2 = 29, 5% can still beimproved

29/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

Conclusion(2)

What could be improved ?

We still have some variables with high p-values

We targeted mainly french students

More data could have brought more precise results

We binarized too many variables

There might be no reason why people go to the cinema ?!

30/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?

Table of contentsIntroductionFirst Model

Improved second modelConclusion

The END

Any questions ?

31/31

Romain FLAMBARD, Erwann RIVES, Thibault SIRIGU What makes you go to the cinema?