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The Netflix Prize was an open competition for the best collaborative filtering algorithm to predict user ratings for films, based on previous ratings without any other information about the users or films, i.e. without the users being identified except by numbers assigned for the contest.
The cold start problem is a well known and well researched problem for recommender systems.Recommender systems form a specific type of information filtering (IF) technique that attempts to present information items (e-commerce, films, music, books, news, images, web pages) that are likely of interest to the user.
From 2006 to 2009, Netflix sponsored a competition, offering a grand prize of $1,000,000 to the team that could take an offered dataset of over 100 million movie ratings and return recommendations that were 10% more accurate than those offered by the company's existing recommender system.
The Netflix Prize was an open competition for the best collaborative filtering algorithm to predict user ratings for films, based on previous ratings. The prize would be awarded to the team achieving over 10% improvement over Netflix's own Cinematch algorithm. The team "Gravity" was the front runner during January—May 2007. [2]
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The recommendations on movies cannot contain any marketing values that can tackle the large number of movie ratings as a "seed dataset". [ 1 ] In addition to movie recommendations, MovieLens also provides information on individual films, such as the list of actors and directors of each film.
In practice, many commercial recommender systems are based on large datasets. As a result, the user-item matrix used for collaborative filtering could be extremely large and sparse, which brings about challenges in the performance of the recommendation. One typical problem caused by the data sparsity is the cold start problem. As collaborative ...
Submissions for the Netflix Prize were judged using the RMSD from the test dataset's undisclosed "true" values. In the simulation of energy consumption of buildings, the RMSE and CV(RMSE) are used to calibrate models to measured building performance. [9]