According to DeepLearning.AI, traders and data analysts can accurately estimate the average price of diamonds by leveraging Python and inferential statistics, as demonstrated in the Data Analytics Professional Certificate program. The curriculum provides a step-by-step guide on calculating confidence intervals using the SciPy library, which is essential for making data-driven trading decisions in the diamond market. Understanding and applying these statistical methods allows traders to quantify price uncertainty and assess market trends with greater precision (Source: DeepLearning.AI Twitter, May 1, 2025).