nisha1992/Predicting-Diamond-Prices

Project 1.1 : A diamond distributor has recently decided to exit the market and has put up a set of 3,000 diamonds up for auction. Seeing this as a great opportunity to expand its inventory, a jewellery company has shown interest in making a bid. To decide how much to bid, the company’s analytics team used a large database of diamond prices to build a linear regression model to predict the price of a diamond based on its attributes. You, as the business analysts, are tasked to apply that model to make a recommendation for how much the company should bid for the entire set of 3,000 diamonds. Price = -5,269 + 8,413 x Carat + 158.1 x Cut + 454 x Clarity