Why does NACVA use a standard case study for the scenario-based exam?
When all candidates perform a valuation using the same set of facts, NACVA’s Exam and Grading Team can more easily judge whether or not the candidate can apply the book knowledge he or she has demonstrated. The same fact pattern also makes the exam more statisically valid, allows statistical analysis in greater depth, as one element of uncertainty is reduced: the degree of subjectivity in the grading process.
