Deconstructing the Price of Diamonds

What does a linear regression framework reveal about the so-called priceless commodity?
Nicolas Stier-Moses, Assaf Zeevi  | Summer 2011
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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

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