Steno developed a set of Laws (Steno's Laws) to help explain his method of inferring the ages of geological structures.
These laws are a set of hypotheses that the scientific community accepts as a starting basis without absolute proof.
Absolute dating provides a numerical age or range in contrast with relative dating which places events in order without any measure of the age between events.
Because this assignment is linked with your work in Assignment 3, you will have "If Scientists Think. Before scientists had modern technology to assist them in their research, they had to use their power of observation to infer the relative ages of the rocks they were studying.
The process of Relative Dating was established by Nicholaus Steno in the 1600's.
You can check to see if the multiple the market is assigning to a company makes sense via an intrinsic valuation analysis.
The authors of Value by Mc Kinsey & Company point this out best in an example.
In picture number one it is fairly noticeable that the rock layers are higher on the left side than on the right...