Can IIM's really predict a film's success?
Last week a news article said that students of IIM A will be cracking the code of a films' success based on some statistical tools at least during the first three days.With due respect to IIM A which is our country's best B School and one of the best in world,this study on face of it doesnt' make sense.Although it would be wrong to comment on something without knowing about the tools and how will be they implementing it but the fact is no statistical tool can predict the success of an art form specially films on which viewers' views are so myriad.If the study limits itself to the opening weekend predictions it does make some sense as promotions do play a large role in initial footfalls,but beyond that it does not seem to be possible We see on a regular basis that we often have different opinions on the same movie when we came out of the theatre,some like it some dont. Also people have different expectations from the same movie,some are more keen on the drama part,so...