Deconstructing the Price of Diamonds
Thanks to clever marketing campaigns, diamonds are often said to be priceless. But like any other commodity, various drivers determine a diamond's price. This case teaches students how to analyze diamond pricing through linear regression. After learning about the diamond trade, sourcing controversies, and how retailers determine a gemstone's value, students produce exhibits and regression output tables to support their conclusions about diamond pricing.
Case id: 080201
Supplemental Materials: Solutions Spreadsheets
This case is used in core curriculum