Factset Research Systems Inc. FDS

Revenue is driven by SG&A spending, with a log-log model showing elasticity of 0.72, meaning a 1% increase in SG&A is associated with a 0.72% rise in revenue. The approach demonstrates high predictive accuracy, with a MAPE of 1.1% and a holdout test error of 1.2% (predicted 601M vs actual 608M). The forecast for the full year calls for $2.547B in revenue, up 9.2% year over year, signaling solid top-line growth. ROI of SG&A spending is meaningful but sub-linear given the 0.72 elasticity, so investments should be evaluated on efficiency and margins; no R&D data is available to assess development ROI.