The following results from the Application Case Study presented in the text show means for selection of movies (Selection Distribution) and how they were rated (Prediction Distribution) . Refer to this table to answer the following questions.
Hierarchical Bayes Sample Selection Model for Movie Ratings Predictions
-Which types of movies are not selected often,yet are rated highly when selected?
Definitions:
Freight Costs
The expenses incurred to transport goods from one location to another.
Useful Life
The estimated duration of time that an asset is expected to be functional and economically viable for its intended purpose.
Salvage Value
The calculated future selling price of an asset at the end of its period of benefit.
Depreciation Expense
Dividing the expenditure associated with a tangible asset over its operational life.
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