Run the diamond regression with all variables simultaneously

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Run the diamond regression with all variables simultaneously

Run the diamond regression with all variables simultaneously, then answer the questions:

1) Based on the regression results, predict the market value of a diamond with the following characteristics:
Weight = 1.5 Carats
Color Grade: E
Clarity Grade: VS1
Cut Category: Good
Submit answer rounded to the nearest dollar without commas or “$”.

2) What percentage of the market price behavior do the regression variables appear to explain?

Enter your answer rounded to the nearest whole number without “%”. (i.e.: 45.3% is entered as 45)

Use the file below for this exercise:

When done, include the the completed excel worksheet as well

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