Two Months Salary (a case study)
While looking for an engagement ring for his girlfriend, a young man visits numerous jewelers. He learns how diamond prices are affected by the four Cs: carat (weight), color, clarity, and cut.
Written by Brian A. Pope, Clear Advantage Research & Consulting LLC, Milton, Wisconsin, the case provides a description of diamond characteristics and prices. Accompanying data for 425 diamonds are well suited for predictive modeling with traditional and modern regression methods.
Two Months' Salary
Published in 2006