Posted: February 6th, 2022
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?
Enter your answer rounded to the nearest whole number without “%”. (i.e.: 45.3% is entered as 45)
Place an order in 3 easy steps. Takes less than 5 mins.