Thread: Less is more

1. 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.

2. Related Discussions:

3. 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.

4. More or less....yes!

5. Originally Posted by ivanf
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.

 Bookmarks
Bookmarks
 Posting Permissions
 You may not post new threads You may not post replies You may not post attachments You may not edit your posts   BB code is On Smilies are On [IMG] code is On [VIDEO] code is On HTML code is Off Trackbacks are Off Pingbacks are Off Refbacks are On Terms of Use Agreement