Question

Prices and sizes of 100 diamonds were collected. The data in four scatterplots, each using either a linear or a log scale for the X and Y axis. Which of the types of models would be the most accurate at predicting the price of a diamond based on the size (carat)?


Price and Carat with linear scale Carat with log scale 15K 15K 몲。 O 10K 5K 5K OK OK 0.5 1.0 1.5 2.0 1.5 2 0.0 0.2 0.3 0.4 0.5

Need to know which:

Linear

Exponential

Logarithmic

Power

0 0
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Answer #1

The slope of a log-log plot gives the power of the relationship, and a straight line is an indication that a definite power relationship exists.

Therefore option 4

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