A decade of research has provided the film industry useful information regarding pre-production and on-showing forecasting of movie revenues using multiple machine learning algorithms. However, this research is focused on revenue within Hollywood movies and domestic revenues in their own countries, as the total box office revenues in the Taiwanese film market is still largely unknown and uninvestigated. Additionally, there has been little progress in the development of machine learning based forecasting models in the Taiwanese film industry.
This research had collected the data of total box office revenues as the dependent variable from a published report conducted by the National Taiwan Film Institute. In previous studies surrounding this topic, internal variables, such as the feature extraction from the movie aspect and external variables, including word-of-mouth (WOM) by consumers, were studied closely.
In this study, a Random Forest algorithm was employed to predict the approximate final box office revenue of a movie in one of six categories during its theatrical period. Additionally, two machine learning algorithms were also applied to compare the performance of the Random forest algorithm, which are the Support Vector Machine algorithm and the Logistic Regression algorithm. The insight of feature importance also provides a different perspective and reference for the decision makers who work in the movie industry to make an appropriate decision.

A decade of research has provided the film industry useful information regarding pre-production and on-showing forecasting of movie revenues using multiple machine learning algorithms. However, this research is focused on revenue within Hollywood movies and domestic revenues in their own countries, as the total box office revenues in the Taiwanese film market is still largely unknown and uninvestigated. Additionally, there has been little progress in the development of machine learning based forecasting models in the Taiwanese film industry.
This research had collected the data of total box office revenues as the dependent variable from a published report conducted by the National Taiwan Film Institute. In previous studies surrounding this topic, internal variables, such as the feature extraction from the movie aspect and external variables, including word-of-mouth (WOM) by consumers, were studied closely.
In this study, a Random Forest algorithm was employed to predict the approximate final box office revenue of a movie in one of six categories during its theatrical period. Additionally, two machine learning algorithms were also applied to compare the performance of the Random forest algorithm, which are the Support Vector Machine algorithm and the Logistic Regression algorithm. The insight of feature importance also provides a different perspective and reference for the decision makers who work in the movie industry to make an appropriate decision.

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