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EDAQS | MARS committee announces completion of algorithmic process
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MARS committee announces completion of algorithmic process

MARS committee announces completion of algorithmic process

Filed as MARS, News, Press Release

The committee of the MARS is happy to announce that the creation of the algorithm to calculate the MARS ratings has been completed.

After a long and intense evaluation process of possible factors which determine the market performance of a model agency, the committee came to a conclusion of how to create a rating based on the available data.
In a first statement, the committee confirmed that the algorithm is based on a digital automated quotation mechanism from EDAQS that relies on available data brought to MARS by data partners.
The data used in the calculations considers not only the current performance of a legit fashion model agency but also its history. The first algorithm and its mathematical base is maintained under disclosure, but plans are to offer a semi-transparent and public methodology in further steps.
The mission is to provide reliable ratings to the public by improving the methodology continuously with new technologies, factors and data sets.