Providing our clients with sophisticated data analysis and practical solutions.

Today, the availability of ever-expanding, large-scale databases can be used to solve a myriad of real-world problems spanning countless industries. Monument Economics Group’s team of data scientists and analysts offer collective, in-depth experience in managing and analyzing big data. Our extensive experience underpins our ability to research, understand, organize, and analyze data from any industry to provide critical insight and solutions to our clients in a clear and concise way. We also have specialized training in understanding corporate organization and technology systems that allow for the identification of relevant information and technology resources.

Monument Economics Group’s data science experts and consultants have extensive quantitative experience across multiple data platforms and programming languages.  Often the data required to address our clients’ needs come from disparate data sources that are in different electronic formats. Thus, Monument’s approach to data analytics typically begins with a deep dive into the data in order to fully understand the breadth and scope of the data that allow us to accurately and comprehensively standardize the data and build extensive databases for efficient use in analytics and reporting.

Furthermore, our team has broad experience researching and identifying additional third-party data sources that Monument Economics Group has access to or are otherwise available in the public domain that may be used to solely perform a required analysis or to supplement the data provided to us by our clients in performing such an analysis. Once the data have been harmonized into a workable format, our data analytics team uses a variety of tools to analyze the data, including statistical tests, econometric modeling, machine learning, natural language processing (NLP), and data visualization.

With our big data expertise, we can help our clients from the earliest phase of identifying and processing data to creating cogent and comprehensive data visualizations that report the findings of our analyses.

Monument Economics Group invests heavily in the security, capacity, and performance of our IT infrastructure, allowing us to accommodate our clients’ continually-growing data storage, processing, and analyzing needs.  Our expertise and experience, along with our capacity to store, process, and effectively analyze large datasets, allow us to provide our clients with sophisticated data analysis and practical solutions in a variety of legal and commercial contexts, regardless of the size or format of the data.

Providing clients with complex analyses, consulting services, and expert testimony in a variety of contexts, including:

  • Damages Analysis
  • Survey Design & Statistical Sampling
  • Claims Administration
  • Independent Analyses Reviewing
  • Econometric Modeling
  • Data Science & Data Visualization
  • Damages Analysis

    Data analytics often plays a central role in the measurement of damages, which is often the most contested component of complex litigation and commercial disputes.

    To read more about MEG’s experience and expertise in the area of damages analysis, click here.


    Survey Design & Statistical Sampling

    Assessments of liability and damages can oftentimes benefit from the information provided by surveys and statistical sampling. In addition to supplying information on consumer choice, well-developed surveys can also be used to define markets, allocate market shares, assess the impact of product bundling, and determine the degree of substitutability between products or services.

    Expert statisticians and economists at Monument Economics Group are set apart by their extensive knowledge of sampling techniques and survey administration.

    With a firm grounding in econometric principles and practice, combined with broad-based academic and professional experience in and analyzing complex datasets of data, our professionals are well-equipped to provide services related to survey design and statistical sampling.

    Monument Economics Group has proven experience developing surveys commonly used in litigation applications involving mergers, false advertising allegations, labor and employment relations, antitrust, and intellectual property. With broad-based experience in developing and field testing survey instruments for litigation applications, experts at Monument Economics Group offer clients survey strategies customized to meet their needs.

    In collaboration with established market researchers, our statisticians practice thorough and rigorous techniques for survey design to allow for the extrapolation of unbiased and reliable results. Our clients rely on our expertise in survey design to obtain key information on consumer choice, including consumers’ views on product attributes, names, and designs.

    In addition to survey design, carefully selected statistical samples can also serve as a valuable tool in litigation settings. Statisticians and econometricians at Monument Economics Group draw on diverse experience in market research and economic analysis to design and implement sophisticated sampling methods to build representative data samples for complex litigation matters.

    Such statistical samples have been used to ascertain public opinion, apportion damages for intellectual property involving both alleged infringing and non-infringing patents, as well as investigate the relationship between loan performance and underwriting quality.

    Claims Administration

    Monument Economics Group’s team has extensive experience assisting our clients with the claims administration process.

    With our comprehensive understanding of the data produced during the discovery process, we have the knowledge and ability to efficiently help our clients identify class members for notification, along with developing an equitable plan of allocation for settlement across the class.

    Our extensive experience and understanding of the kinds of data produced through discovery in class action litigation also uniquely positions us to facilitate the claims administration process for our clients by aiding in pre-populating class member claims forms, and reviewing and validating any supplemental claims information submitted by members of the class as part of the process.

    Independent Analyses Reviewing

    Clients have relied on Monument Economics Group to independently review and audit data processes and analyses conducted by other firms and entities to confirm the validity of the results.

    Our deep experience working with data in litigation and business contexts not only requires us to understand how to process and analyze big data, but also requires us to critically examine and verify the results of data analyses performed by outside parties in a given litigation or project.

    Our team’s collective and diverse experience uniquely positions us to help our clients carefully review and audit any data process or analysis regardless of the type, format, or size of data involved.

    Not only is our team able to effectively and efficiently provide insight on data from any industry or context, but our experience also allows us to critically review and verify data-driven processes and analyses from the earliest stages of data cleaning to the final stages of reporting results and data visualizations.

    Econometric Modeling

    Monument Economics Group’s experts often use advanced statistical and econometric techniques such as multiple regression, forecasting, time series analysis, and benchmark analyses to assist in fulfilling our clients’ requests.

    The economic analyses offered by our experts are based on sound economic and financial theory.  They are tailored in accordance with the dynamics of the markets and businesses at issue, and rigorously focused on the specific fact patterns at issue.

    Data Science & Data Visualization

    Monument Economics Group assists clients in creatively solving complex and challenging problems using data.

    Our experience ranges from the initial step of data acquisition, whether in collecting pre-existing data or using scraping technology to extract data from text, pictures, or other formats, to the final step of reporting insightful results along with clear and concise dynamic data visualizations.

    Once the data needed to address the question has been identified, processed, and assembled, our team implements a variety of tools including descriptive analytics, statistical analyses, and econometric modeling, along with natural language processing (NLP) and machine learning to uncover predictive patterns in the data to not only gain perspective about the past, but to also forecast the future.

    We present these results, with actionable insights for our clients, in easy-to-understand graphics, tables, and maps along with interactive data visualizations that give the client the power to see analyses based on self-defined criteria.