There is an empirical approach and there is a Mathematical approach.
Empirical: depends on driver and engineer experience. Modify what you feel needs to be modified.
Mathematical:
* Relevate the frequencies the forces induce (time passing through a curve, weight transfer, kerbs
-circuit- and the circle of traction
-driver- ).
* Then relevate the mass (suspended and not),
damping parameters according to the shocks, tires -incl. pressure- used and elastic parameters (tyres -incl. pressure- , torsion bar, springs and chasis stiffnes depending on detail level)
* Make a model that can be unidimentional, focused in only one wheel, or can be multidimentional (suspension geometry needed)
* Insert the forces in the model (start with a simple SIN X that resumes a frequency if you don´t know how to modelize the force)
* Fix all parameters but dampers characteristics and play with those values
* All results may lead to nothing when you change one of the parameters you fixed above

so use DOE
* You will realice that all this study is just for learning comprenhension, if turned more complex can help a lot to design a good car, it helps to reinforce understanding of suspension to your head, but it is very complex to implement in the track when your driver is crying because he is 1 sec. off the peace and his car understeers in one curve and oversteers in the next.
Resume: as Dave said, It can be extremely complex, and confusing.
"You need great passion, because everything you do with great pleasure, you do well." -Juan Manuel Fangio
"I have no idols. I admire work, dedication and competence." -Ayrton Senna