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average markups ranging from a negative 6 percent to a positive
5.2 percent. The median percentage was 4 percent, the amount
used for all years by respondent’s expert.
Petitioners do not dispute the information that respondent’s
expert derived directly from financial and business records but
disagree with his estimation and extrapolation process to
approximate or estimate the imbalance that existed in years for
which no specific records were maintained by petitioners. In
particular, petitioners contend that growth in outbound shipment
volumes cannot be determined by means of the growth rate in
annual revenues. Petitioners indicate that the relationship
between DHL’s growth rates should not be used to gauge inbound
shipment growth, which relates to DHLI’s business. This
approach, petitioners argue, does not accurately estimate actual
results. Petitioners also point out that respondent’s expert was
selective in his use of projection material in that he used 1987
data to project 1979 through 1983 figure estimates, rather than
the more contemporaneous information that was available from 1984
through 1986. Although the criticisms made by petitioners are
numerous, petitioners have not offered a more accurate method of
estimating the actual imbalances that existed during the years in
question. Respondent’s expert attempted reasonably to compute
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