Oscar Predictions: Who Will Win an Academy Award? This Data Company Thinks It Has the Answers. It's anyone's guess who'll take home a golden statue, but big data could provide some insight.

By Jason Fell

Opinions expressed by Entrepreneur contributors are their own.

Will The Wolf of Wall Street win the Oscar for best picture? Or American Hustle? How about Her? Is Matthew McConaughey really a shoe-in for his performance in Dallas Buyers Club? What about Lupita Nyong'o for best supporting actress in 12 Years a Slave?

These questions (and many more) are top-of-mind as movie buffs anxiously await the 86th annual Academy Awards this Sunday evening. While most everyone has their own predictions, one company called Farsite is using "big data" to make its own, slightly more scientific predictions about who will be going home with a golden statue.

Based in a Columbus, Ohio, Farsite uses data to build statistical models for clients such as Dick's Sporting Group and others. Farsite's statistical model for the Oscars takes into account a number of important variables, including trends based on previous winners, previous nominations and award histories for each of the nominees, popular opinion and controversy, and winners of other film awards like the Screen Actors Guild, Writers Guild and Directors Guild.

Related: Monster or Mastermind? 3 Business Takeaways from Wall Street's 'Wolf'

Last year -- the company's first attempt at foreseeing Oscar winners -- Farsite's predictions were surprisingly accurate, correctly predicting the Oscar winners for all major categories except Best Director and Best Supporting Actor.

Not too shabby. Maybe there's something to this big data thing...

Let's pull the cover off Farsite's proverbial crystal ball. Here are the company's Oscar-winner predictions for 2014 (yeah, it looks like McConaughey is a shoe-in after all):

Best Picture: 12 Years a Slave (55 percent probability)
Best Actor: Matthew McConaughey (82 percent probability)
Best Actress: Cate Blanchett (59 percent probability)
Best Supporting Actor: Jared Leto (86 percent probability)
Best Supporting Actress: Lupita Nyog'o (85 percent probability)
Best Director: Alfonso Cuaron (72 percent probability)

Think Farsite's predictions are on point or completely off base? TELL US: Who Do You Think Will Win at the Oscars This Year?

Related: 'Her' Got Us Thinking. Can You Love -- Like, Really Love -- Your Technology?

Wavy Line
Jason Fell

VP, Native Content

Jason Fell is the VP of Native Content, managing the Entrepreneur Partner Studio, which creates dynamic and compelling content for our partners. He previously served as Entrepreneur.com's managing editor and as the technology editor prior to that.

Editor's Pick

She's Been Coding Since Age 7 and Presented Her Life-Saving App to Tim Cook Last Year. Now 17, She's on Track to Solve Even Bigger Problems.
I Helped Grow 4 Unicorns Over 10 Years That Generated $18 Billion in Online Revenues. Here's What I've Learned.
Want to Break Bad Habits and Supercharge Your Business? Use This Technique.
Don't Have Any Clients But Need Customer Testimonials? Follow These 3 Tricks To Boost Your Rep.
Why Are Some Wines More Expensive Than Others? A Top Winemaker Gives a Full-Bodied Explanation.

Related Topics

Business News

'All Hell Is Going to Break Loose': Barbara Corcoran Issues Warning About Real Estate Market, Interest Rates

The "Shark Tank" star appeared on FOX Business' "The Claman Countdown" this week.


Working Remote? These Are the Biggest Dos and Don'ts of Video Conferencing

As more and more businesses go remote, these are ways to be more effective and efficient on conference calls.

Growing a Business

The Best Way to Run a Business Meeting

All too often, meetings run longer than they should and fail to keep attendees engaged. Here's how to run a meeting the right way.

Business Plans

How to Change Careers: A Step-by-Step Guide

Want to make a career change without compromising your finances or future? Check out this step-by-step guide on how to change careers to learn more.

Growing a Business

Subscribers Exclusive Event: Discover How These 2 Founders Turned Their Side Hustle into a Million-Dollar Lifestyle Brand

Learn how you can transform your personal brand into a thriving business empire with co-founders of The Skinny Confidential


How I Made Money From My Book Without Selling a Single Copy

Did you know you can make money with a book without selling copies? Here's exactly how I did it.