Arbitration Damages - Using Sensitivity Analysis, Scenario Modelling and Data Visualisation Tools
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Paul Diver discussed key issues in assessing damages in arbitration, factors that influence how damages are calculated, and potential ways to improve the process.
Deliberate planning is essential to achieving a meaningful analysis. It is critical to have a clear statement of the analytical objectives, a full and comprehensive understanding of the date to be analysed, and a clear specification of the precision desired for any resulting estimates. Without a solid foundation, any subsequent analysis is likely to be of little assistance to the parties involved.
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