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Aug 13, 2024, 5:05 AM

correlation between price and carat

The dataset has been successfully loaded. It contains a large number of columns (326 in total). To find the correlation between price and carat, we need to identify the relevant columns for price and carat.
Let's inspect the column names to identify the appropriate columns for price and carat.
The relevant columns for carat and price appear to be:
  • AsscherMaximumCarat and AsscherMinimumCarat (and other similar columns for different cuts)
  • WholesaleBasePrice
Let's calculate the correlation between the carat and price. We'll use the maximum carat values for this analysis.
The correlation between carat and price has been calculated and visualized. The scatter plot above shows the relationship between carat and price, with the correlation coefficient being 0.87.
This indicates a strong positive correlation between carat and price, meaning that as the carat value increases, the price tends to increase as well.
Feel free to ask any more questions or request further analysis!
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