Run the diamond regression with all variables simultaneously
Run the diamond regression with all variables simultaneously
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? |
Use the file below for this exercise:
When done, include the the completed excel worksheet as well
