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Source: http://bookfans.net/wp-content/uploads/images/Seth_Godin_18682.jpg?c3d821
The New York Times Bestseller List is stupid.
Source: http://bookfans.net/wp-content/uploads/images/Seth_Godin_18682.jpg?c3d821
The New York Times Bestseller List is stupid.
Seth Godin
Is Seth Godin right?
How might I find out?
Wikipedia
Lists of #1 NYT bestsellers
1942-2016
Scraped using Beautiful Souphttps://www.wikipedia.org/
Goodreads
APIs
● General Search
● Author
● Book
Parsed xml using ElementTree
https://www.goodreads.com/
Totals
75 years
3900 weeks
746 unique books
241 unique authors
Numeric
Features
Books
● Number of ratings
● Number of reviews
Authors
● Number of ratings
● Average rating
● Number of reviews
● Number of fans
● Number of books as #1
● Number of weeks as #1
Categorical
Features
Books
● Repeat books
Authors
● Repeat author
● Hometown in NY
● Gender
The number of #1 NYT bestsellers has been
increasing over the past 5 decades
*projected based on data through 2016
1940s 1950s 2010s*2000s1990s1980s1970s1960s
Over 40% books spend 1 week at #1
Number of weeks at #1
Percentageofbooks
The DaVinci Code
Number of weeks at #1
Percentageofbooks
Mean rating for a book on Goodreads
3.0 5.04.0
Mean rating for a book on Goodreads
3.95
3.0 5.04.0
Mean rating for an author on Goodreads
3.0 5.04.0
Mean rating for an author on Goodreads
3.96
3.0 5.04.0
What might I predict?
Correlation plot
Book’s average rating
Author’s average rating
Weeks as #1 best seller
Let’s try to predict a
book’s rating
Regression
Results
Model
Adjusted R2
0.453 Low
AIC 1670 High
BIC 1700 High
Residuals
Omnibus
P(Omnibus)
137
0
0 probability
random residuals
Skew -0.925 Left
Kurtosis 5.97 2x normal
Cross Validation
Linear Regression: 0.746
Lasso: 0.746
Ridge: 0.746
Elastic Net: 0.746
Root Mean Squared Errors
Mean rating for a book on Goodreads
3.95
3.0 5.04.0
3.0 5.04.0
Mean rating for a book on Goodreads
3.95
Model RMSE: 0.75
3.0 5.04.0
Mean rating for a book on Goodreads
3.95
Model RMSE: 0.75
Standard deviation: 0.25
Source: http://bookfans.net/wp-content/uploads/images/Seth_Godin_18682.jpg?c3d821
Seth Godin
Source: http://bookfans.net/wp-content/uploads/images/Seth_Godin_18682.jpg?c3d821
The New York Times Bestseller List is stupid.
Source: http://bookfans.net/wp-content/uploads/images/Seth_Godin_18682.jpg?c3d821
The New York Times Bestseller List is stupid.
And they should stop publishing it.
Source: http://bookfans.net/wp-content/uploads/images/Seth_Godin_18682.jpg?c3d821
The New York Times Bestseller List is stupid.
And they should stop publishing it.
Because it doesn’t mean anything.

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The New York Times Bestseller List is stupid.