A jewelry firm wants to submit a bid to purchase a large collection of diamonds but is uncertain how much it should bid. You will use the results from a predictive model to make a recommendation on how much the jewelry company should bid for the diamonds.
Assignment Details
A diamond distributor has recently decided to exit the market and has put up a collection of 1,000 diamonds up for auction. Seeing this as a great opportunity to expand its inventory, a jewelry firm is interested in making a bid. To determine how much to bid, the firm’s analytics department will use a large database of diamond prices to build a linear regression model to predict the price of a diamond based on its attributes.
As the business analyst, you are tasked to build the linear regression model and apply that model to make a recommendation for how much the company should bid for the entire collection of 1,000 diamonds. (CLOs 1,5,7,8,10,11)
Assignment Submission
To complete this assignment, you will be submitting a file in Word using a report format to provide the answers to the following questions across five steps.
Step 1 – Research and Reflect:
There have been numerous debates, articles, and even a movie (Blood Diamond) about the mining and international sales of “conflict diamonds.” Research and present (in no less than 500 words) the nature of the conflict diamond trade and the relevance of Drucker’s ideas to today’s multinational enterprises regarding their participation in the trade.
Papers need to be formatted in proper APA 6th Edition style.
Each paper requires a minimum of at least three outside peer-reviewed sources for your references.
Acceptable/credible sources include: Academic journals and books, industry journals, and the class textbook. You could use credible business website sources in addition to the peer-reviewed required sources, but avoid Wikipedia and Google. These are academic papers that need to include scholarly research.
Using your textbook is required as well to demonstrate that you have read the required material.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more