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Thread: Less is more

  1. #1 Less is more 
    Forum Freshman
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    Hello,

    How to transform data when less is more? I have prices and I somehow need to assign a weight to a price or something (that is why I'm here) because I need to show that decrease in prices is increase in quality. So, my lower prices have to become higher and vice versa.

    Any advice, please?

    Thanks, cheers.


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  3. #2  
    ▼▼ dn ʎɐʍ sıɥʇ ▼▼ RedPanda's Avatar
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    One problem I expect you will encounter is when you try to quantify "quality".
    But, once that is done, you just need to plot a graph of price against quality.


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  4. #3  
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    More or less....yes!
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  5. #4  
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    Quote Originally Posted by ivanf View Post
    Hello,

    How to transform data when less is more? I have prices and I somehow need to assign a weight to a price or something (that is why I'm here) because I need to show that decrease in prices is increase in quality. So, my lower prices have to become higher and vice versa.
    Use some variant of the multiplicative inverse function f(x) = 1/x.

    For example, if price (P) and quality (Q) are known to be positive real numbers, then you could write

    Q = 1/P. So the higher the price, the lower the quality and vice versa.
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