Modeling is used as a representation of abstract ideas. It is used in the fields of engineering, architecture, design, art, science and mathematics. In engineering, architecture, design, and art, modeling is a physical representation of an object, such as a building, bridge or sculpture on a smaller scale. These models are early examples of the final design. These models can be used to test, explain or refine the final project. In science and mathematics, modeling is used to describe and explain an abstract concept, equation, or function in a way that is easy to understand. Our modeling expert witnesses, develop computer-aided models to help analyze financial, statistical forecasting and business performance data. Others utilize computer modeling techniques in such areas as environmental science, weather analysis and prediction, terrain analysis, petrochemical and biochemical engineering, and metabolic modeling in relation to such diseases as diabetes. In the business world, our experts rely on modeling techniques to calculate such statistics as the weighted average cost of capital, discount rates, and general predictions of enterprise performance, as well as consumer behavior and product sales. In addition, insurance and financial experts use modeling as a predictor of risk. Modeling is also a component of the work done by many of our experts in the areas of architecture, construction, and design where interactive modeling assists in home design, construction, the documentation of home building code reviews, construction practices, and computer graphics. Our modeling experts have testified in a variety of areas, both for plaintiff and defense, and, have used their modeling expertise as part of their work in this area.
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