1) The document discusses which seismic attributes are most useful for quantitative seismic reservoir characterization. It analyzes attributes such as zero phase amplitude, relative impedance, and absolute impedance.
2) The conclusion is that an absolute impedance inversion provides the best attribute in theory but is difficult in practice. A relative impedance inversion, which is easier to generate, works nearly as well for characterization.
3) Key advantages of relative impedance over zero phase amplitude include relating to geology rather than just impedance contrasts, and allowing comparison between seismic datasets and well logs after appropriate scaling. However, relative impedance lacks low frequency content included in absolute impedance.