Pricing Diamond Statistics Assignment

Assignment 1 MGSC 372 F e very last(predicate) 2011 Pricing diamond Stones Your coating is to develop a pricing model for diamond stones. We aim information pertaining to 308 stones listed in an advertisement to construct a model, which educates us on the relative pricing of caratage and the different grievances of pellucidness and colour. Introduction This prototype of an advertisement for diamond stones appe atomic number 18d in capital of Singapores clientele Times (see Figure 1). The analysis is to decoct on data pertaining to n = 308 Round diamond stones. The data is contained in the outperform file Assignment 1 Data_Diamond Prices. [pic] The website www.adiamondisforever.com educates the secular on the factors that cast the price of a diamond stone. These are the 4 Cs: Carat, Clarity, food colour and Cut. CARAT (WEIGHT) The weight of a diamond stone is indicated in terms of carat units. peerless carat is equivalent to 0 .2 grams. all told other things being equal, larger diamond stones command high prices in view of their rarity. shade Being products of Nature, diamonds have birthmarks or inclusion bodys solely visible downstairs a jewellers magnifying glass or a microscope. Diamonds with no inclusion under a loupe with a 10 agency magnification are labelled IF (internally flawless).

lesser diamonds are categorized in descend order as very very slightly progressive VVS1 or VVS2 and very slightly imperfect VS1 or VS2. COLOUR The roughly prized diamonds screening colour purity. They are not contaminated with yellowness or brown tones. Top colour purity attracts ! a grade of D. Subsequent degrees of colour purity are rated E, F, G, all the look down the alphabet ladder. CERTIFICATION To assist shoppers, independent computer software documentation bodies assay diamond stones and provide each of them with a award listing their caratage and their grades of clarity, colour and cut. The newspaper advertisement even so just now provided, for each stone, details on the testimony body and its mind of the caratage,...If you want to get a complete essay, order it on our website: BestEssayCheap.com

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