Chapter 15 Regression
Pirates like diamonds. Who doesn’t?! But as much as pirates love diamonds, they hate getting ripped off. For this reason, a pirate needs to know how to accurately assess the value of a diamond. For example, how much should a pirate pay for a diamond with a weight of 2.0 grams, a clarity value of 1.0, and a color gradient of 4 out of 10? To answer this, we’d like to know how the attributes of diamonds (e.g.; weight, clarity, color) relate to its value. We can get these values using linear regression.