Research Article

Box Office Forecasting considering Competitive Environment and Word-of-Mouth in Social Networks: A Case Study of Korean Film Market

Table 3

Forecasting model configuration.

CriterionIdentifierDescription

TargetW1Accumulative box office takings in the first week
W2Accumulative box office takings in the first two weeks
TAccumulative box office takings over the entire screening period

Explanatory variablesSScreening variable only
SCScreening + competition variables
SWScreening + WOM variables
SCWScreening + competition + WOM variables

Forecasting algorithmMLRMultiple linear regression
SVRSupport vector machine
GPRGaussian process regression
k-NNk-nearest neighbor regression
Comb.Combining the forecasting results of SVR, GPR, and k-NN with equally weighted average