Case Solution & Analysis for Sarah Gets a Diamond by Phillip E. Pfeifer, Greg Mills.
Complete Case details are given below :
Case Name : Sarah Gets a Diamond
Authors : Phillip E. Pfeifer, Greg Mills
Source : Darden School of Business
Case ID : UV0869
Discipline : General Management
Case Length : 13 pages
Plagiarism : NO (100% Original work)
Description for case is given below :
Greg Mills describes his search for the perfect engagement ring which includes an analysis of the prices of 6,000 diamonds. An engineer, Greg hopes to impress Sarah Staggers by using regression to find an underpriced diamond. Students are asked to either select one of the 6,000 diamonds or provide point forecasts for prices of 3,142 diamonds in a hold-out sample. The instructor can use the actual prices of the held-out diamonds to evaluate student pricing models.
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