What is a common challenge faced when using precedent transactions for analysis?

Using precedent transactions for analysis often presents the challenge that data on transactions can be hard to find. This is due to several factors, including the private nature of many transactions, where details may not be publicly disclosed. Additionally, even when data is available, it can be inconsistent or challenging to access comprehensive information on all relevant historical transactions, especially for niche markets or less frequently traded sectors.

Furthermore, sourcing transaction details requires significant effort in identifying the correct parameters to compare similar transactions, which adds another layer of complexity. Accurate benchmarking relies heavily on the availability of reliable and detailed data, making the scarcity of information a notable hindrance in conducting thorough analysis.