The raw histogram from the actual photograph(s) is absolute proof that the original scene had at least as much dynamic range as claimed. A meter reading could show that the true dynamic range was even greater. But the dynamic range was certainly not less than what was actually recorded by the camera.
> the dynamic range was certainly not less than what was actually recorded by the camera.
There are several reasons why one can't decide on the dynamic range of the scene based on raw files, and one of those is noise, the other is veiling glare. In a word, no measurements from scene taken and mapped over the shot - no way to know the dynamic range of the scene.
If the HDR raw is a linear superimpose the total DR in HDR file it is an accurate measure of the sum of the dynamic ranges of the source raw files. That means the recording contains less than 12 stops; and if you insist the recording is the accurate representation of the luminocities in the scene, so is the scene - less than 12 stops.
Put a Q13 in the scene, and we will see how the contrast is changed.
Kodak Q13 target, semi-gloss, shot with Df at ISO 100 with -1 2/3 EV, which means the black is 8 stops down from clipping, normal diffused studio light setup, even light from high-grade sources.
First column is the data for Y on Q13, measured with Spectrolino, range 0..100, and normalized to exposure difference (before normalization the brightest patch was 91.26); second column indicates the number of stops down from clipping; third column is shot data normalized to 100 (so it essentially also contains percent of gray); and the last column contains the deviation from linearity, also in stops.
Spectrolino_Y EV_down_from_clipping AsShot_Y Non-linearity(EV)
29.961 -1.739 29.990 0.00
22.903 -2.126 23.712 -0.05
18.090 -2.467 18.778 -0.05
14.331 -2.803 14.978 -0.06
11.307 -3.145 12.035 -0.09
8.969 -3.479 9.322 -0.06
7.180 -3.800 7.591 -0.08
5.647 -4.146 6.050 -0.10
4.495 -4.476 4.848 -0.11
3.641 -4.780 3.868 -0.09
2.886 -5.115 3.130 -0.12
2.311 -5.435 2.525 -0.13
1.839 -5.765 2.042 -0.15
1.468 -6.090 1.673 -0.19
1.202 -6.379 1.349 -0.17
0.965 -6.695 1.166 -0.27
0.798 -6.970 0.986 -0.31
0.607 -7.363 0.841 -0.47
0.545 -7.520 0.793 -0.54
0.417 -7.906 0.712 -0.77