We present a study of fits to exclusive ${B}^{0}\ensuremath{\rightarrow}{D}^{*\ensuremath{-}}{\ensuremath{\ell}}^{+}{\ensuremath{\nu}}_{\ensuremath{\ell}}$ measurements for the determination of the Cabibbo-Kobayashi-Maskawa matrix element magnitude $|{V}_{cb}|$, based on the most recent Belle untagged measurement. Results are obtained with the Caprini-Lellouch-Neubert (CLN) and Boyd-Grinstein-Lebed (BGL) form factor parametrizations, with and without the inclusion of preliminary lattice QCD (LQCD) measurements of form factors at nonzero hadronic recoil from the JLQCD Collaboration. The CLN and BGL fits are also studied in different scenarios with reduced theoretical assumptions and at higher-order expansions, respectively. To avoid bias from high systematic error correlations, we employ a novel technique in the field of $B$-physics phenomenology with a toy Monte Carlo method using a Cholesky decomposition of the covariance matrix. Using additional input from lattice QCD calculations of form factors at nonzero recoil, in collaboration with JLQCD, allows for well-defined fit results with reduced model dependence in CLN and BGL. The results obtained are consistent between different configurations, ultimately providing a method for a more model-independent exclusive measurement of $|{V}_{cb}|$. Using preliminary LQCD inputs and assuming a value of $\mathcal{F}(1)=0.904\ifmmode\pm\else\textpm\fi{}0.012$, we find $|{V}_{cb}|=(38.48\ifmmode\pm\else\textpm\fi{}0.32\ifmmode\pm\else\textpm\fi{}0.97\ifmmode\pm\else\textpm\fi{}0.46)\ifmmode\times\else\texttimes\fi{}{10}^{\ensuremath{-}3}$ in BGL(2,2,2) and $(38.42\ifmmode\pm\else\textpm\fi{}0.35\ifmmode\pm\else\textpm\fi{}1.05\ifmmode\pm\else\textpm\fi{}0.46)\ifmmode\times\else\texttimes\fi{}{10}^{\ensuremath{-}3}$ in CLNnoHQS, where the errors are statistical, systematic, and related to $\mathcal{F}(1)$, respectively.
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