The imaginary-time Greens function is a building block of various numerical methods for correlated electron systems. Recently, it was shown that a model-independent compact orthogonal representation of the Greens function can be constructed by decomposing its spectral representation. We investigate the performance of this so-called textit{intermedaite representation} (IR) from several points of view. First, for two simple models, we study the number of coefficients necessary to achieve a given tolerance in expanding the Greens function. We show that the number of coefficients grows only as $O(log beta)$ for fermions, and converges to a constant for bosons as temperature $T=1/beta$ decreases. Second, we show that this remarkable feature is ascribed to the properties of the physically constructed basis functions. The fermionic basis functions have features in the spectrum whose width is scaled as $O(T)$, which are consistent with the low-$T$ properties of quasiparticles in a Fermi liquid state. On the other hand, the properties of the bosonic basis functions are consistent with those of spin/orbital susceptibilities at low $T$. These results demonstrate the potential wide application of the IR to calculations of correlated systems.
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