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.