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Title: Diamond Ring Pricing Using Linear Regression
Url: http://jse.amstat.org/v4n3/datasets.chu.html
Creator: Chu, Singfat
Publisher: American Statistical Association
National University of Singapore
Description: The dataset presented in this article, created by Singfat Chu of the National University of Singapore, contains information on the prices and weights of diamond stones; it can be used to illustrate simple linear regression and encourage students to think critically about the appropriateness of a model. The data is in .dat format. Some of the key concepts includes: extrapolation interpretation of intercept, model-building and transformations. This is an excellent example of how statistics can easily be applied to many different fields of study.
LC Classification: Science -- Geology -- Mineralogy -- Precious stones -- Diamonds
Science -- Mathematics -- Interpolation. Extrapolation
Science -- Mathematics -- Mathematical statistics -- Addresses, essays, lectures
Science -- Mathematics -- Mathematical statistics -- Multivariate analysis -- Regression analysis. Correlation analysis
Social sciences -- Social sciences (General) -- Theory. Method. Relation to other subjects -- Mathematics. Mathematical models
GEM Subject: Science -- Geology
Mathematics -- Statistics
Key Concept: Geology -- Minerals
Mathematics -- Correlation
Mathematics -- Statistics
Date Issued: 1996
Resource Type: Dataset
Reference Material
Instructional Material
Instructional Material -- Instructor Guide/Manual
Format: Document -- HTML
Audience: Educator
Education Level: Higher Education
Higher Education -- Undergraduate (Lower Division)
Higher Education -- Undergraduate (Upper Division)
Higher Education -- Technical Education (Upper Division)
Higher Education -- Technical Education (Lower Division)
Vocational/Professional Development Education
Language: English
Rights: Singfat Chu
Access Rights: Free access
Full Image
Source: CAUSEweb
Full Record Views: 33
Resource URL Clicks: 7
Cumulative Rating: NOT YET RATED
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