Statistics and big data play a supporting role in litigation
Abstract: Often, the sheer volume of documents, data and transactions involved in commercial litigation makes it difficult to establish causation, quantify losses or calculate damages. Analytical techniques such as statistical and big data analysis can make these tasks more manageable and cost effective. This article explains how computers can analyze extremely large data sets to reveal patterns, trends and associations. It uses a recent case to illustrate how big data analysis helped prove fraud was committed.
Valuation & Litigation Briefing / Litigation & Valuation Report