Merrimack Team constructs a revenue model for Watts Water Technologies
Four students and two professors recently completed a data analytics project for Watts Water Technologies. Joe Borgatti ’16, Tori Thistle ’18, Nick Santosuosso ’16, Robyn Stanley ’17 served as part of the interdisciplinary team of students working on this project.
The company sought a revenue forecasting model based on historical data, and a revenue breakdown for replacement parts versus parts sold for new construction.To address these challenges, the Merrimack team designed a model to forecast Watts Water’s revenue while providing a good statistical fit to the data. To analyze the “replacement versus new construction” issue, they examined the revenue patterns of individual product lines and developed a method for categorizing each item. The team shared their methodology and findings in a detailed report presented to the company’s senior management team.
Watts Water Technologies engages with Merrimack College in various ways such as attending the Spring Career Fair, hosting Employer in Residences, supporting the Professional Development Retreat, and presenting in select classrooms. The data analytics project is just another way for Merrimack students and faculty to network with industry representatives and engage in hands on learning opportunities.