Posted: February 6th, 2022

Run the diamond regression with all variables simultaneously, then

  

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Run the diamond regression with all variables simultaneously, then answer the questions:

  

1) Based on the regression   results, predict the market value of a diamond with the following   characteristics:
  Weight = 1.5 Carats
  Color Grade: E
  Clarity Grade: VS1
  Cut Category: Good
  Submit answer rounded to the nearest dollar without commas or “$”.
 

  2) What percentage of the market price behavior do the regression variables   appear to explain?

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Enter your answer rounded to the   nearest whole number without “%”. (i.e.: 45.3% is entered as   45)

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