Contextual Mathematical Modeling Using the Formation of a Capital Size Control Algorithm in the Music Industry
Abstract
Today's volumes of information streams allow to mathematize a wide spectrum of processes and regularities, which qualitatively improves the possibilities of data analysis, prediction and planning. A mathematical model of an object of study, which has reached a satisfactory level of confidence in a particular situation, is a flexible tool in the hands of a knowledgeable analyst, providing, first and foremost, information about the relationships in the considered system. The understanding of situational relationships - within the framework of a limited model and system - is an effective means of control. Thus, a person possessing information can not only evaluate their expectations - making the most productive choices - but also transform influencing factors, exerting an appropriate influence on them, in order to achieve a targeted change in an specific index that requires adjustments. The algorithms for such modeling, descriptive analysis, and the process of forming conclusions are considered in this study on the example of the change in the volume of private capital in the music industry. The personal capital of popular musical artists is described in the context of its existence in the socio-economic environment of the music industry, which is mathematically estimated by the genre, quantitative composition of musical works, musical activity duration, number of streaming (estimated by a well-known entertainment-information edition that is relevant to the described environment), the number of Grammys awarded, and the number of nominations for this prestigious award, as well as the fact that the artist is included in the number of living or deceased.