I hope you're well!
I am trying to observe what colours have the greatest price premium.
Here is a sample of my data.
Code:
input str39 Name str10 Colour double PricePrem "Nike Jordan 5 Anthracite " "Black" .42420856610800745 "Nike Jordan 5 Bluebird " "Blue" .030324074074074128 "Nike Jordan 5 Stealth " "White" .09473514211886298 "Nike Jordan 5 Raging Red" "Red" .09351276742581088 "Nike Jordan 5 Jade Horizon" "Green" -.16124885215794302 "Nike Jordan 5 Regal Pink" "Pink" -.07519561815336462 "Nike Jordan 5 Racer Blue GS" "Black" .4017045454545455 "Nike Jordan 5 Racer Blue" "Black" .10600978336827388 "Nike Jordan 5 White Laser Crimson GS" "Pink" -.2026679221594476 "Nike Jordan 5 Island Green " "Green" .2978535353535354
e.g the Colour black typically correlates to a high price premium percentage. What sort of analysis am I looking for here?
Thanks in advance for your help. Take care.
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