So I just built a star-rating system and and trying to come up with an algorithm to list the "Top Rated" items. For simplicity, here are the columns:
item_name
average_rating (a decimal from 1 to 5)
num_votes
I'm trying to determine the "sweet spot" between number of votes and rating. For example...
So in other words, num_votes plays a factor in what's "Top".
Anyone know of an algorithm that is pretty good at determining this "sweet spot"?
Thanks in advance.
here's another, statistically sound good way: http://www.thebroth.com/blog/118/bayesian-rating