The Limited Efficacy Of Elementary Brinson Attribution Example

How does an attribution modeler address the following challenge?

Opturo--Andre Mirabelli, Ph.D.-- Modeling is more than a mathematical exercise. Its proper intent is to provide insight into the actual structure of the system being addressed. This requires more care then is typically exercised in the construction of models evaluating the amount to be attributed to each decision that contributes to a fund's active return…

First Rate 2014 Performance Conference: Solutions through Integration--Andre Mirabelli, Ph.D.-- Presentation on understanding Performance & Attribution Systems