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General Discussion PAWineTalk Forum / General Discussion /

DTQPR

 
Author ecola
Contributor
#1  Posted: May 22, 2010 23:19  

dontime - you got a formula or what, I'm lovin the dtqpr
Author dontime
Contributor
#2  Posted: May 24, 2010 12:17 | Edited by: dontime  

I do - although I can take no credit for it. It came from a CellarTracker discussion thread.

QPR=LN(EXP(Rating)/Price) + 2.7*TargetPrice/Price + (Rating/TargetRating-1)*10

The formula is for use in an Excel spreadsheet and attempts to account for the non-linear nature of the scale, i.e., the difference between a wine with an 85-score and an 89-score is not the same as the difference between a wine with an 89-score and a 93-score, which again is not the same as the difference between a 93-score and a 97-score or between 97 and 100.

In my case I use $20 as the target price and 90 points as the target rating. Using the formula, a 90 point wine that cost $20 returns a QPR of 89.70. So, anything about that has a good QPR to me (DTQPR). A 100 point wine that cost $20 would return a 110.82 DTQPR. However, the formula doesn't really measure the pain related to cost. For example, a 100 point wine that cost $2,500 would return a DTQPR of 93.31 - above my "neutral" QPR of 89.70 but also (well) above what I would consider spending on a bottle of wine. And a 95 point wine that cost $38.50 would return the same DTQPR of 93.31.

So its not perfect, but it's consistent and provides relative scores by which to evaluate our habit...

Much more debate at Cellar Tracker Forum
Author jonradus
Registered User
#3  Posted: May 24, 2010 14:15  

That is a pretty useful formula. Do you use Cellartracker's score with the PLCB price? Or, do you use your own score?
Author dontime
Contributor
#4  Posted: May 24, 2010 16:35 | Edited by: dontime  

jonradus,

I have a spreadsheet that calculates it a couple of ways. One using any "professional score", one for CT (although CT is not static) and one for my score. My DTQPR is the calculation with my score. Price is what I can get (or got) it for (generally the PLCB price unless it was obtained elsewhere).

Being a finance guy, I enjoy all of this, but it should not get in the way of enjoying the actual wine!
Author jonradus
Registered User
#5  Posted: May 24, 2010 17:08  

Nothing could get in the way of enjoying the wine. I do find that scoring system pretty good since it's based on both price and quality. Thanks for the explanation.

On a side note, I love your new user profile picture on Cellartracker. Who is that playing bass in the background?
Author dontime
Contributor
#6  Posted: May 24, 2010 19:06 | Edited by: dontime  

Bob Dylan circa 1964. I'm a big Dylan fan...the cat in my lap is named Dylan.




Author ecola
Contributor
#7  Posted: May 24, 2010 21:28  

Kind of ironic, today in Dylan's birthday
Author dontime
Contributor
#8  Posted: May 25, 2010 07:31  

Yep - the better half and I toasted his 69 years last night.
 
 
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