Professional Documents
Culture Documents
!#" %$ &
'
( ),+.-0/132345/6+879+
*
:;/<7>=5/<?@A?B7DCE/61F+87D-HG
IKJMLNJPOQSRUTVXW0Y[Z<T
\ T^]`_'a<ba[cdTfehgigkj
!
" #%$&('*),+.-0/(
+.1324156/(78$9-:)(1;<$'*/>=?=@=9=9=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9= A
! CB D%E$F)(EG+.$FH =9=9=?=@=9=9=@=9=9=?=@=9=9=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9= I
J KMBN" LNOQ\]PS$RT^8
O),LU_`aWVX'*130bcY-SZ^8/(_!/(+.132 =@=9=9=?=@=9=9=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9= [d
BNBN""!!"CB e%lT13f:bm_!-:-0/(^8_!/(/(_!+.13/(2g+.132415612:5$^:^82:),+"_/(`&n28$F=9/hHi=91=@)(jG=9&k=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9== od
BNCB p8BNC$FBN$"fGqr5s1)(p8Ht$F$_!f8),fuqvp8281)($FHt/vHT_!1),)(fjG28&x$Fwz/vyGHTyG1{a)(&WjG|}&=9H=9+./(7=@=9/(+bc=9$*=@qrH=?+"=92:f:=91=@H=9&=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==F~
BNBNCCBNBNCCB ]\]_$F/vf:HT+"_1`)(j}0_'*&,13+"&2:&<28/<$F)W/v^:HT'*/(1+.)(13jG2}&_`.=91=9)W+.=@/(7:=9bm=9&=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==BB
BNBNCCBNBNCA GG^:+bc}-028`.$%$F/v)(HT$1'F)(^8jG)(&),$2=@/=92:=9$F/v=?HT=@1)(=9jN&=9wr=@F=9{a=9&|9=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==**
BNBNCCBNBNCId p:^0$`"bm`._!)(),j$'F^8=@)()(=9$2U=9/=@28=9$F/h=9Hi=?1)(=@jG&=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==**
BNCBNCo lT1320&(+"f8$F),_!/(+"132=@=9=9=?=@=9=9=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9=*
4N"LUSLG#%Rs0$FE$s
O`.1-0bcP$v2US/QLN153P:_cZF28s$
O^:),_`28$F6/vHTLN1R )(j=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9=NA
NN""!!"CB #%7:13bm$@/(__!+"2g)($*$FN/]-_$F2:)(f}/(+&</($+"bc=9$@=?5s),=@_=9bc=9$ =@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==II
NN""!!C )(_!$F/(-:7:)($F1G),'*+"28$&(&(+"f02:_!/(_/(7:$?=9f:=9_!=?/(_c=@5s=91)=9/(=@78=9$?=92:$F=@/vHT=?1=9)(j}=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==II
NN""!!CCAI pO),+"2:_f02:+"&<285s1),b5$_!/(/(7:^8$9),$f:&_!+"/(2_m/(+.785$x_!-:+"28-:-0)(^81-0/t),f:+"_!_!/</($_ =9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==Id
NN""!!Cod G'F7:_$@`+"/<28),c_+"f:2S_!Q/(/<_$&<=9/WQ=@),$=9f8=9$&(=?+.3=@2M=9`.1U=91=@- =9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==od
84"P8QPNZ1LU5s/v Ht_!)($=@=9=9=?=@=9=9=@=9=9=?=@=9=9=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9=U ~
88CCB p8G1+.F),$@b1_!5//(1785$9/(f078_!$9/(_mf:_!&</($F_m/&(=9$F/=@=9=9=9=9=?=?=@=@=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==B!~
88CA e%lT13f:2U_!E-:$F/(),_!&(/(+.+.13132}2g/<115F::a{a{a{a{aUs45s1=?),bm=@_!=9/=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==BGBG
8CI O),_+"2:+"2:132}/(78$?f:_!/(_m&($F/=9=?=@=9=9=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9=BG
8d %$28$F)W_`"+._!/(+.132}_20f}bc$bc1),+"_!/(+.132=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9=BG
4AN"P8QPZF78$@!/<13-uQ`.$FELN$Z `af:_!/(_&</<),^:'*/(^8),$ =@=9=9=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9=J:B
ANANCCB 7878$9$9^0`+"2:28+.j /f0&</<_!),/(^:_m'*&</(/<^:),)(^:$ '*/(^:=9)(=@$ =9=9=9=?=?=@=@=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==BB
ANANCA 7878$@$9HT^02:$+.+./t37UE/_`f:^8_!$9/(_m&</<&(),/<^:),'*^:/('*^:/()(^8$)($ =9=?=?=@=@=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==BBAA
ANCI e%24$*G_bm-0`.$?28$F/hHi1),j =@=9=9=?=@=9=9=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9=BI
Lu6QS0P0
J
[
ININ"CB bc78-0$@`.$bc$2:$$F2U),/(__!`a/(-:+.13),2 1=@),_=9b=9=@=@=9=9=9=9=?=?=@=@=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==B3B3dd
[ dU"P8NLN/(S_s2:LUf0Z_!),v0f4/<$6',Q70LN2:6+Ns^8$4=9
=@=9=9=?=@=9=9=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9=J:B ~
dUdU""!!"CB M)($$_f:2g+"'* &/(N+.13^:2_!)(1$5f}'W7:$F)(_)(281) $?+"24=@=9f0+.=9)($=@'*/(=9+.13=92 =@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==!!
dUCB
adUdU"C$BN!_C"f:$F)QMlT51313$`20`._1'F2gHT`"^: &$F&(N)+.^:13/<_!2 $)('W$7:f}=92:+ $F=@N)(^8)(=9$>1=9) =?=?=@=@=@=9=9=9=9=9=9=@=@=@=9=9=9=9=9=9=@=@=@=?=?=?=9=9=9=9=9=9=@=@=@=9=9=9=9=9=9=@=@=@=?=?=?=9=9=9=9=9=9=@=@=@=9=9=9=9=9=9===BBB
dUdUCCBNBNCCB lT)(13$20f:'F+"`"'*^:/(&(+.13+.1322 15=9'W7:=@_=928=9$?=?+"24=@=9f0+.=9)($=@'*/(=9+.13=92 =@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==
dUC ),)(1)0_!),&M=9=9=?=@=9=9=@=9=9=?=@=9=9=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9=A
9P: z
OLgZ 3LS OLuRsLNP:!
Oz
OZLU
oNoN"CB \%^:_)(+.E-$?13&<-:$),$1f:56+"/('*7:/(+.$?132 _2:_=9`.G=9&<$=@& =9=9=9=?=?=@=@=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==0 ~~
oNoNCCBNBN"CB
N/($__20f8f:$F)_!Q),5sf413`"/<`.$1'WHT7:$F2:)+ N/<^8$'W$?7:=?2:+ =@N^8=9$=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9== 3B
oNC lT132:'F`^:&(+.132 =9=?=@=9=9=@=9=9=?=@=9=9=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9=
@~N"
OZLNG +"b^:RsLU`"Z_!/(0+"13]2}
O=9LG=9=?P0=@Rt=9
LU=9=@V=9SQ=9Y=?Z =@=9=9=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9= I
~N~N""!!"CB i#^8+ )($F-)(13$&<2:$'*1$&5/(78=9$9=@_2:=9_=9`.G=?&<$=@& =9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9== UId
~NCB ~NlT"13!2:C 'F`^:&(+.13$2 &(^:`./(=9& =?=@=@=9=9=9=9=@=@=9=9=9=9=?=?=@=@=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==AGo
6aQOLgVX0Y
:
46 LN
P:QsS
0
ex" ex^0"!2:"n
2:+"28D%-0/(78/(+.$9132:-0& )(1=@),_=9b =9=@=9=9=9=9=?=?=@=@=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9=@=@=?=?=9=9=9=9=@=@=9=9=9=9==AAAA
x
e
"
!
C
B
t_!/(',
7
S`.$ =9=9=@=9=9=?=@=9=9=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9=A3d
exCB #_!/(_&<$F/(& =9=9=?=@=9=9=@=9=9=?=@=9=9=@=9=9=@=?=9=9=@=9=9=@=?=9=9=@=9=9=A~
6Rzs0SQP: !
a
i
6OQsS
]1U$FE$2:__!)W&m15@{ \]$f8$F),`"_2:fa78$413_`15%/(7:+"&X-:),1; $'*/+&X/<1f8$FE$`.1-2:$^8),_`
25s81$F)x/hHi_}12N)(jG^:&bx&($F^:)?+"/<1$f5t'*5131bm)-0&</<_1G2:'(+.j $&F-:),+'*$m78$c-:)(-0$)(f:$+f:'*+"/('*+./(13+.21320a&/(7:H_!+"/`"`+"&O$m/<1gbm-:_f8)($$ f0^:+"'*&(/@+"28/(478$ 5s$F&($/<fG1Nqr',5sj1)(Ht-:),_!+"),'*f $
28_!0$^8`.$@)W_/<`a1m28b$F/v_!HTj1$9)(jG1U&F1Gf4-:7:),$?$f:+"f8+"'*$/(_m+.13+&2:&/<1 +278E$@$&<_/(f:+"3_!_!-:/</($x_!/(H+.137:2:$F&/(78+"2$F)/(785s$F$@$fG$F)(qr5s)(11)()]HTbc_!)W$fg_&(28^8$F)(/h$Hi&1_)(20jGf4&/(_!78)($$
jG'*13+"2:bcf:-0&_!1),5O$f28$F/vHT1)(jG&iH]+"`"`8$]'*1320&(+"f8$F)($f _2:f /(78$)($&,^:`./(& 15/(78$&<$_!-:-:)(13_'W78$&TH+"`"`8$
$&%
),/ 14)
D $3+.E$]_2X1E$F)(EG+.$FH15/(78$)($&(/15S/(78$/(78$&(+"&F 2lt7:_!-:/<$F)B@_$2:$F),_`:f8$&('*)W+.-:/(+.132
1528$^8),_`28$F/hHi1),jN&]+"&t3+.E$28 5s13`"`.1QHi$f4N_mf:+"&('F^0&(&(+.132 156&(13bc$9jG+"2:f:&T1528$F/vHT1)(jG&
/(17:-0_!+"2:/9m_!)(_c$m51&,^:),$+./('F_!_0&</(`.$X+"285s1)@bm131N^8f8)@$`-:H])(1+"S`"``.$b$@3_!+.)(E$$_G2}_ 2:2f}l/(787:$?_!-:f:/<+$F)?$F)($2U/(78/$c&</</<$F$-0'W&7:2:/(7:+N_!^8/$X7:5_1E)x$?f8/<$F1E$` $ q
5s13$?`"`.1f8HT$&($'*f})W+.H]$+"`"f`ie$9f:5s$F+"&(H 'F^0_&(f:&<$_!f-0/(_! /(2+.13lt2:&]7:_!1-:5/</($F78)]$?m`"+./(078),$x_!)(f0_!/(7:__f4&<$F/</%1_2:$xf}bm/(78_$xf8`"$ +.T:),/(_!78),$ &<$x^:_&<$f0fg_!-:H/(_+"`"q `
/(/(+.7813$2:-0&)(H1+"`"),`__b`&<1H+`"`N$xf0$+"&(f:'F$^:&(&('*&(),$+.f$f 2u6l787:$_!f:-:_!/<$F/()%_?A&</<),/(78^:$'*/(f:^8_!),$/(&_/(&<7:/<_!)W^:/ '*HT/(^8$)(^:$&<&$]/(_!7:)(_!$/%0_!^:),+$x`./O^:N&<X$fM/(78+"2 $
`"lt+.07:),_!_!-0)(/<$F)T d%2/(l78$7:_!&(/<-:),/<_!$F/<)@$F3Im+.$/(&i78$/(7:-:_!)(/ 1HT)W$_^:b &<$5sfc1)5s1bm) _!-:jN),+$28f:+"'*/(/(78+.13$2X-:H)($+`"f0`N+"'*/($+.13f02:+"&(&]'F^:+"&]&(&(f:$$f&('*),/(+.78$]$f&</(_2G2 q
/<1f:$/(_!',78),70$Ffm2:)T/<+ '*N$13',^8bc7:$42:-0H+ _U782:^8$F+.$]$)(&$4H7:-0 +"2)('W$7mltf:^:+"7:'*&<_!/($+.-013&/<213$F)i2:5s`.1oc)m/(_978/(78$'*13$}),bc$5s&(13-S^:`"_`.`.1Q/(2:&Hi+.$H]$F&i) +"F1`"&m`NH&<2 /<$1G&<3'(/<+.j1NE',$+"j 2m&X8+"0_2c2:_H]&<fm$7:f/(+"78',13$]7c2`.&($13_/(bc78f:$g$F$)&<&<Q/</(51G13_!'(/(``.jG+"1&(&mHT/(+"$F'F1)&5
1f:5+"&,/('F78^:$&(&<$^:f &<$Xf HT/<$ $',H]70+"2:`"+` Nf:^8+$&(&?'F^:H]&(&?+"`"`/(78$$-1 13&,$F&()(+.$0f+"`+./(+.$2&l_2:7:f _!-:)(/<$$F&()c^:`.~g/(&x_u1285$F$H2:&(_!$-:b?-:0)(`"13$_&?'W715H]2:+"$`"^8` ),_$ `
328'*13+.$FE2U/h$Hi/(2_1+")(2:jGG&&F^8/(87:; $9 $2'*f8/(1Nlt&'F705s^01_!bc)-:$5z/<^8$F2)})(/(/(_!7:F/(+"$F13)24_ +"2U12NE5^:$/(&<bx78/(+.$@3$F_!-:)c/()(+.111352g),-_Hb 13+"&(`"0&(`+"+"02:$@+"'F`"`"+./<^0/()(+"f:$$+"_!&@28/<5$1fu)_c_+":bc&),+.HT-:$F)(5O$1Q`"^:` ET&<$$Fbc)78$bm$92U_/(_!&m2N-:^:H-_$+"` `2:`if0+ $
f138^8$&()'*-0)W+.)(1$0f`.$bN$_!'*)(/($+._G132BNCBgf:+"&('F^0&(&<$&@_45s$FH /hU-$&@1528$F/hHi1)(jG&x/(7:_!/?_!)($&,^:+./(_!0`.$X5s1)
%'$ )
>/
-07 3
5A51 798
KMLNOQPSRT
OLUWVX0YZ
2:$F78/v$HT1/<)(),j_+"2:+"& +28$* N--S$_!'*/</</<$$Ff),2:/<&g1 b-0^:)(&<1N/4'*$&,&F$`.132:p81)/<1$*8/(_78bc$ -0!'`.$$N ^O^+.5HT$MEHt6(_-2UM%/ PE/(^478H$u7:28+"$F'W/v7
HT1/(78)(j $
/</<1)W_+"-:2:),+"$28f:c+"'*+./9//(13782}$/(78E!_$?`"^8+"2U$/<$F1)(5$&</(/78$),_!2:/<$$*&N/x)($F/(^8),2+"2:f8$* 15{ /(78$F)($+"&?281^:&<$+"2
78^%$W/< %),VE_+2:
+"28Pm9+"2 -S_!H/<7:/<$F+"'W),72:&T_bx`"`S^:+"28&(/i-0^:/ $]-0&(_!$`./<$/<'*$F/<),$2:f&T51G)('F13'Fb ^8)+"28+"2-S^8+./F/ e&<-0_28'*$F$/v_HT'F1'*)(1j),f:'F+"_2:2x2:/<11/T/(78$$
$*bG_-2$'*/<13$^8f/(/<`"+"1x$F),-:&F),$f:+"'*/i'*1),)($'*/(`.cH78$2+./T+"& /<),_+28$fm132_9/<)W_+"2:+"28x&<$F/iH]+./(7m/<1N1
:
7
m
$
8
2
F
$
v
/
T
H
1
(
)
j
"
+
@
&
:
^
(
&
0
^
_
"
`
.
`
}
<
/
,
)
_
+
8
2
$
f
<
/
}
1
$
<
&
(
/
"
+
b
!
_
<
/
m
$
(
/
8
7
c
$
z
5
:
^
:
2
*
'
(
/
.
+
3
1
2
s
w
H
0
7
"
+
,
'
7
"
+
@
&
+
c
b
0
"
`
"
+
F
'
"
+
/
H+"2c7:/(+7:',74$/<bm),_+.3+"207U+"/28-:9)(-0$FE_!/<$/<2U$F/)W2:/(78&W|$x_28&T$F/v'FHT`.131&<)($j`"X5),_13&ib -13`.&($&(_!+.),S2:`.+$28OeX/(7:2N+"^:&tbx5z^:2:$F'*)/(1+.1352 -: )(10`.$b& 'F_2 _!)W+"&<$
e/<1&(/(_!78/($?+"&(`"5s__','*j/<11)(56-0_!_!-:),-:_),bm18$F/<+"bm$F),_!&/(/<+.1m1324$*G'F-:_2})($&,2:&1/T/(78$9$5z)(^:$2:_'*'W/(78+.13$f}2a N _c&(b_`"`28$F/vHT1)(j4f:^8$
H]78+"`"$c`-28$F$F)(/v5HT1)W1b
)(jM-'F1N_12 ),`.]&,^ 132@$F1)@/(5s78)($F13)6b+"281-0E^8$F/ ) 0-0/<_!/(/<+"/<28$F4),20/<&F146'*$F7:)(/(+"&_+"-:2)(1/<0)W_`"$+"2:b +"28'F _29$*G5s1_)abm$*-0G`._$bm&F -0`.$/
^02:$9+.&</(13&`"+"E2$f4/(78U$x7:)(+"$f:&(f8/<$),+"2'*/(`"+"_28X$F)Q/(wz78&W$x|W 2U^:bx$F)15/<),_+"2:+"2:'*G'F`.$&_20f4/(78$?2N^:bx$F)15
D+&-:HT/(_+"bm2U/<+.$f_!/(G+"'F13_22m/<$',$7:'*2:13+bcU^8$$/<& )W_!H-:-78$F$),fm$ +"_2cbm`.1G+"'F2:_+"`:bbm+.+"_!20/(+"+.bm132%_ 31+"5N2:_&(29/<$$F_)(fc)(11)<5q:-:1)()61'*-013_!&<3/ qr_!5s/(^0+"2:2:'*9/(/<+.131 2
/()W7:^:$`.$&f8$_!&,)(+.$9)($fM$`"3+"$F`.1E0$_f`6/<bm1+"&<2:/(+"_!b0^:+"`b4+.F$]/(G7813$?bc28$x$F/h1Hi51/()(78j4$+"bm2413`"1N&</%'F_'*`a13bbbc+"2:13+"bm2:`._Gg^0&<$fM`"$_!),2:+"28
5s/<$F1H-13uf8`.1$_'F2_uf8G$_!f:&F-:+ -0$F`"+.)($7:$fX$2U&</`.$$/v_!28N)W$F-2:/v$+"HT28&%1@1)(),5ijG^0& 28`.$f:$^83+ _)W$F_2:)`fm+"282X/($F7:/h_!$Hi)(+.$)1_)(&jG$&@&(7:^07:_',EG_7mE+.1$_)&p^:$F8&($1$2u)TfX_+"/v2U2mNE-1$$E&<&/($F+.),13EN5_!+./<^:$F$H
20f +./('*+"& 132M2:28/(&($F78^0/v$X`.HT/&`"1_)(&<"rj /
D $mHt_2/?/<1}^:&<$c5s$F$fGqr51),HT_!),f 2:$F/vHT1)(jN&?132 /(78$m&</<1G'(ju-:),+'*$-0)($f:+"'*/(+.132u-:),10`.$b4
/<1m78-:$),+1N28f:-0^0^8'*/6$-0__!&/</<13$F^8),2:/<-0& ^8H/+"`"_m`N'*5s^813/(2^:/(_)($+2mE_9_`"2N^:^:$@b?156$F/(7:)$915'*13f:bc+ -0$F)(_$2U2U /F &]&(/<&<1N/<',1Nj',jE!_-:`"),^8+"$'*&$ 15_@'*13bc-S_2
wi1
wi2
wi3
H
:
7
F
$
(
)
$
w |cf8$281/<$& /(78$u_'*/(+.E_!/(+"1321)/<),_2:&(5$F) 5s^:20'*/(+.132 D $MH]+"`"`t13bm+./
$'F_\]^:1&<H $]/(Hi7:$?+"& 'F/(_7:2M)($bm&(78_!13j`"$?fm_mE_'F`"`^:_$]&(&('F+ S_2'F_!/(+"$]132&(+"b15^:^0`"_!2:/<+.$/(fm&T0Nm_&<_?$fg`+"281324j5/()(7813$b +.)_ /<),0_N20$&<fG5$Fqr)E!_5s^:`"^820$]'*/(^:+.2:132+./F
/(+"13782:)($&O&(_!78),13$i`f)($&(^:/<2:),+"+"/('*&x/<$+"fx20'*/<11X)(-11),)_! /<3$ __u&O&</(/(78_!)(/<$$&,fX7813`"$Ff5s15z)(^:$2:p'*8/(1+"13)21u-:/(+"bm78$+._!_/('*+"/(13+.29E!_!/</($+.',137022:+5zN^:^82:$'&q
13+&2gf8_$2&(+.)W$F_!)(0)(1`.$)<q1)78'*$13&<&<$9/ qr^05z2:^:+.2:/('*&t/(7:+"13_2}E$_c'*'*131322/(/(++2U2U^8^81313^0^0&&Ef:_+`^8$F$)(f4$2_/('*+/(_!+.0E!_!`.$%/(+./<13),2:_&F2:&<5s$F)5s^02:'*/(+.132
O+"28$_!)^02:+./(&t^:&<$9_c5z^:2:'*/(+"13
2
w S| a
\]78132G$&<qv$`"+28^:$2:_!+"/()&^0bc2:13+./(&<&/(`._!)(7:$4_Ebc$i13&(&<+./c3bc'*1313bm+"fbc/<)W13_2:2:`"&<5s$F^:)a&<5s$^0f2:'*+"2 /(+.132:),&_Qf:&(+.^:$2U',7?/_f:& $&('*
w $S2| /c`.$_!)W
2:+"28
w 8|
1)w
S|
"!
78$@/(7:)($F$9f:+$F)($2U//<),_2:&<5s$F)5z^:2:'*/(+.132:&_!),$?&(781QH2}+"2 0 3^:)($9BNCB
1
threshold
linear
p+.3^8),$@BNCBT78)($F$9f0+$F),$2//<),_20&<5$F)5s^:20'*/(+.132:&
#>),)%$'& ; 7&/ (/ $
sigmoid
KMLNOQPSRT OLUWVX0YZ
)+*R)K*-,
v/13
HT2:_1g`.$F/h)()(U$13-Sf `.$@+"'F5s$F+"_&t$`fG/<$*1cqr85s1_5s$F)(bc$HTf4-0_!`.)W+"$f28&@-0281^85T$F/T/v-HT-0$F_!1),/<)('*/<jG$F$F&9-:),/<20_!)(&)(13$X20+"21&F/<m51X/<$/(27878$@$F'F)(_),$m`"$`.&<$+/t&9fu1_4-5O$F&</(),$F78'*/9$@$F-:1285/<$F)(/h+"1328Hi2:-S1&^8),?pjS/]Te/<+.$F3)W^85sbm/<)($F+"$c)2:BN_/(`"C7:&+"&tH]&(78`"78_1Q13H$F&<$)&
/(`"_78$F$F)()@$ 5_!)()(13$cb1328H$m70+"1',)7ubc/(781$)($m)($+"&(2U^:/<$F`"/]),bc15 $f:/(7:+_!$X/<$m'*13`"bm_-0$F^8),&?/(_!1/(5+.13^:2 2:+.+"/(&]& )($5s_13f`"`.1QHi$Ef$F)(UM^0_ 2:+.S/2:5s_$F$`f:13&^:/<13-02:^8`" /
/(78$?^02:+./(&t+"2/(78$?2:$*N/`_$F)
(a)
(b)
a$_!)W2:+"28+"&S_&<$fu132u_2u$F)(),1)%bc$_&,^8)($@78$X+"f8$_ +"&%/(7:_!/]/(7:$&(b_`"`.$F)%/(78$x$F),)(1)
bc$_&(^:)($@1)]'*13&</5s^:20'*/(+.1324+"& 8/(78$@$F/</<$F)]/(78$@Hi$+"37/(& 15/(78$928$F/hHi1)(j4_!)($
!
"
"
%$
"
!&
!&
' )(
+*
,& -$./,
0 1
0 1
predicted
target
Value
4
0
0
10
12
Time
14
N J
KMLNOQPSRT
OLUWVX0YZ
',7078_$%28$F)($)(& 1)+2f:$/(78&('*$}),+.1-:$-f13_!&(+./<1Q$}E$9f0+.'F)(_$2'*/(+.13$2^:1&<5$f/(78/<$}1c/</(),_!_),+2 $F/u/(7:w $2: $F/vHT1)(|'jSttD/(78$}2:`.$m2U+./(5O+.)(_$}2 $F13)(^:),1/<)-0^8+"/&
0^:+"2&<_$',-0fMj_!qr),/<-:/(1),+"1'F'F^:-0_`"_!`"_!'F3)^:_!`"H/<_!$+"/<f/($7/(/(78D 78$?$9$ HT -:$)(+.130-7U /%13&<'W$F$m7:)(_),/<11M28)$*$N9D-%$F),/(+"78bm$F$)(2H]/9+"&<H]$ 0+./(137 20`./(}78$_mf05s),+_'*$F/(),+.$1322u/91$F5),)(/(178)x$'*$F),)(+")(/<1$F),)+"_ +"&
LU63LUZZz
-:Hte%)(_281GG1'*&/($78&($F5s&(1+)28)9}-$*1381&(_5&,bc+./(078-0+"`"$`.+"$c/v+"28^:-S&(5s1+^828)/9 +"f:bcD_!-0/(__G)(E1<D$EG`.$F+"28/$/<),'F/(_78_2:2$g&<5s5S1$F`"),$/<bmfG$F)xqr_!5s/(1/(+.)(7813Ht$20_!&+"),281f-S)9^82:/(/9$F_!/vjNf:HT+_!281/()(_j/(+"782_!$m-:b-:`.1G)(_13'F2__`'W7_f:E+ +"$F&m),$F_!)(-:$)(2U$$*&/q
15/(78 / $9+"f:&_!_/(_m`"&<1^0&(-+"2813c&(&(f:+"0+ `.$$F)(/<$12U/]/<),__+2^:&(/(&,78+"_$M2-05s_!^0),2:_'*bc/(+.$F13/<2:$F& ),8&5s11)5@&(/(bm78$ 1U1S/(`"7:/<$F+28),&FX/(78 $?2f:/(_!7:/(+"_G&cHt_HT$
Ht'F__242/</<$)(fg13/<1 ^8/<S-020^8f/F 1-:/(+"bm_`!S`"/<$F),&t51)/(78$9f:_!/(_ 0_2:f}/(78$@$&</_!-:-:)(1G+bm_!/(+.132:&T15/(78$
)
)+*R)K*R)
2
8
F
$
v
/
T
H
1
(
)
G
j
F
&
:
7
"
+
@
&
h
/
U
m
$
1
5
/(/<28178$F$/h/(Hi+"702:1+"-0)(&mj4^8'F/'*_!13f:/<$F2:_!&(/(1/<_G),)(^:'*/(78_&$20+"f/(%&)(7:113_H^8&-2M_M_!`")(),$F$',/(_7078f8+./<1G$fc'*/(1^8$F5$)(#%$92_!H]_!/(_7:-:+"-0]`.$`"+"_$/<2:f),f0_/<`"+"+"20128+"c28/(X78wr$M /(78u&($?/<1N# 28',@$FjH | -:_),f:+"B '*f8" $46$f}-:A#),":^:$20f:$+.+"`./('*13&t/(28+.1313322 &
-:_2:)(1f}S2:`.$13b2GqvN`"+"c28$/(_!78)$]`.1Q{ Hi$F)%f:+"Hibc1X$_20`.&(/<+.$F13),2:2:__!`S/()(+"E$F$-:&i)($'F&(_$2 2/(_!$]/(+.+"132U2E$wz&<\ /(+.
O3#_!/<%$f|t28lt$F/h_Hi&,1'F_),jNf8&F$*qv'*1)()($`"_!/(+"132
t
l
_
,
&
F
'
_
8
f
*
$
v
q
*
'
1
(
)
(
)
$
"
`
!
_
(
/
"
+
3
1
m
2
"
+
&
_
(
&
8
^
F
$
(
)
G
E
"
+
<
&
$
?
f
"
`
$
!
_
,
)
:
2
"
+
8
2
_
.
`
1
,
)
"
+
(
/
:
7
b
H
:
7
"
+
W
'
?
7
0
0
^
"
+
"
`
:
f
O
&
%
_
:
2
$
8
^
,
)
_
`
1285$F/h/vHiHT11m7:)($gj -07:13__^8&i&(/<-S$-0&_!^:)(//i13^81^:5/<2:-0/(+./(^878&/$])(^0`.$$2:'*_!+.$)W/t+.2:E/<+"$),28_9+"+"282:-0-0+)(28^:1Nc/c'*$_5&,2:)(&F13f}b7:+"78_f0$%`"f8`]_$+"`.228-01^:),^82:+./m/(+./t7:_b /<20),f_'*+"13207:2:+"+"28&(f0+8f8&</($&21^:52:/(78+"/($]&F +./<$F )W2_!/(/(+.13782 $
0),&(/T-S7:_&<$813^8/<-0^:/^:2:+./tHT$+.37/(&_!)($9/<),_+"2:$f/<1bm+"2:+bm+.F$/(7:$?&(^:b& N^:_!)($f$F),)(1)
b)(c$$&(+_f:&(^:^:_)($`GD$F)()(12:)i'*$51/()T70$+"&_',/<7),_^:+2:2:+"+"28/@132-:),$1N_'*'W$7&(&i/<),`.$F_E+2:$+"`"28&@1 C-0G_!_/</<S$F)W202_`8h$F5-/(1N78'W$7 $F+")(&)(),1^:)2c),$/<bm1x_)(+"$2:'*&i1),_!f 1Q/(78E$$
_m'*$F)(/(7:_$+242:$F/(78H)($7:&(+"7:f:13f8`"$f28_m^:2:28+"$F/iH )($70'*$+"f:+"Ef8$$&2+"28^:-02:^:+"/t/i+5s&)(13+"2:b&<$F/()(78/<$$9fa+"2:-0^8/i^02:+./(&t_2:f4_`"`-:)($FEG+.13^:&,`.
'*^:)(2:$+"_!//<HT$fu$+.37:7+"f:/f:+"$&i2/<),^0_2:+"2:+./($&Ff /<1c7Nbm^:& _08/(+"78bm$?+"F7:$+"f0/(f878$$@2&(^:^:b 2:+./(1&t55s/(17:),$b b_m_!'F3_2:&,+.'F/(^:_f8f8$$]15/(7878$9$28'*$F1H )()($70`+"_!f:/(f8+.13$22
hidden units
6p +"3^8)($?BNCA G_bm-0`.$@15'F_&('F_f8$*qv'*1)()($`_!/(+.132
\
Auto associator
Output
Decoding layer
Hidden layer
"bottleneck"
(representation layer)
Encoding layer
KMLNOQPSRT OLUWVX0YZ
)+*R)K*
K? 9 >E4#FG8.AIHKJ
)+*R)K*
5J
/( 7878$F$%)($/<1_!-)(13$`.1_f:f0+.1/(5+.13F2:_{`&T5s$F+$&Tf8&,0+"bm_',+"j`"_!)i'*13/<2:1c28/($7:'*_!/(/+.131205O&9_X/(7:`"__!/$F)(bm$f4_!j5s$ $F$/(fG7:qr$5s128)(HT$F/v_!HT)Wf1)(2:j$F&(/vHT^0+.1/()(_!jN0&`.:$c05s^81)/
/(7:78+"f0$f8^:$&<2$9!13_2g2:f/(+"13bc28$?$t13&<$F^8)W/<+.-0$&F^8te/`"_F$F){/hU78-S$t+"'*'F13_2`"`./<$*G'*/132:`"_&(+"&($F/()&)(1$5'*$13+.28E$x$&+285s$F-0$^8f8/08_13'(28j$5s)('*1313b2/<$*_%G70/+.3137828$F$)
HHT`"_$+./(+.$F7
3)x7/(+"wz2:+&i5$_!1')(),$]bF`.&(13_!$F&(/(/ $F+.13)/<21 /<1c:_!G/(78$13fc$@^8/E!13_^8-:`"/<^8),-0$F$^8EN& /U+.13_`"^0_2:& fc$F_)13|i'*2:/(1`.+.E!)_!/(5s/()(78+.1313$b2:HT&$+./(+.13&<5$7U`"/('*5&$F_)(132:/(2m_f4+"/(2 +.78/t$^:-:5s20)(11Q+.)(/(ENHt&F+f8_!$),fm&T]/(1'*78HT13$92:$F28E28$F$$F)'*/v@/(HT+"131/(782:)(j $&
_-0!)(`"_$2u/<),/<_1}+"2:+"2U$fE$&<^0/(&(+.+"328_!M/<$51H)c78$*$F8/(_78bc$F)?-0F`.${/(78&%$4_20&</(f_2:Hf07:_!+"),'Wf7M0/hU_-'(jU$cqr-:15)(1F-0_!{a3&_!/('F+"_132 2_$c`.1^:),&<+.$/(fu70b45s1)@13D ^8$)
-0^8),-137:&($F$)(&F$_!),$bm_2Uf:+ $F)($2U/x_!)W',7:+./<$'*/(^:)($&X-13&(&(+.0`"$c51)X/(7:+"&xjG+"2:f15]28$F/vHT1)(jG&
__2:2:fgf4/<Hi$$&(/]'F_f:2M+ ^:$F)(&($$92U/$2828$F$F/v/(HT+"'1)(_jG`.&]1+),2+./(-070_!bm),&_`"/<`.$1 `S132:2gf}/(78+./F$?2 70+"& 4$&(28^8$F-/($F+"'x),'*_13`.bm1-0),^8+./(/<70$Fb>)_'F2:_f}2M&(/<$),`._$+"'*2 /
/(78$9$&</132:$@51)/(7:$?&</<1G'(j-:),+"'*$@-0)($f:+"'*/(+.132-:),10`.$b4
)+*R)K*
> 13AIH
1
+*-,.*-,
5> 4613A
.>E4 139"0;4I7 > <ZAI1 >
145>QAB7 9
051461
AI>Q2"AI8 X >@JJ 7 9
4 5> 051461 <Z8.A 45> 95>E4]FU8.ABH
+*-,.*
7 90"7-9
Z< >Q14I?5AI>@JL7-9 45> 7-92"?54 051461
+*-,.*
X1 C-7-9
0141
"
"
(/ 7:_!/]+"&:&(^80/<),_'*//(78$?_E$F),_!$_20f4f:+.EG+"f8$U/(78$9&</(_20f:_!),f}f8$FEG+"_!/(+.132a
G'F_`"+28X156/(7:$@13^8/<-0^8/(&
=
F$*8$F)(_1U'*e]|'/(5`./<_$F)x2:Hf&(7:'F_!/(_/97:`"+"$}HT28$13^8/(Ht/<78-0_$m2U^8+"/</(2:$&-0f _!^8)(/($}&]$3H'F^:_+"^0`"_!`O),&<_$m2U$X/(/<78$F&,$+.$/(f^:&(+._!/<3/<1bc$f 13+"$4_!f)(135s$F^:^:/h2020Hi'*fM$F/($+.F132$F2 ),1F$FH])(ws$F17:E+"$',_72 20f+"),&9_!13/(^:2878&<$$F$)9f'F5`"11370)x&<+"$c&c/(78/<+"1$&
13__'*^8'*/(/(/<+.^:-0E!_^:_!`//(+.-:1370)(2u_$&f:1+"5'*/($F/(+"$78132u$X2 -:^:E!),2:_1N`"+"^8/(f:& $Q^0S|''*+"$&%f13+./^:2:Hf:+"$`"`Of}N$}&(F'F$F_)(`"$1f_02:fu_'(ju1328/<$14wz/(&(78$F$$mS_'*3/(^8^:)(_$c`BNE!C_B3`"|W^89e$}wz5s+ /<$$F/)@/((7878$$
w w
O|<
| =
.
'
+*-,.*
%'$
79;5 /)
2N^:78b?$@-0$F)()611),5S_+"b2:-0^8/(7:/_!_/2:HifX$@7:+Hf:),f81$/<2?$92:1 1Nf8$F$)W&&O/(78$@78$F-),13$T&(+"&(&+"0_+"`.`"Ht+./h_cG/<&61m13280$t^:+13`"f^8/<yG-0yG^8{a/&t28H1Gf8+"/($74__c&EHi_!$t)W+"13_!2:0`"`. $
$*13G`"f-$'*`.$/_!13),202:$@+"28E}_),`"^:_!$@/<$51)$F/(-:'!),up$f:8+"1'*)X/(+.13/(782$ p:+bc^:)(-0/(`.78$$Fbc),$bc2U1/(),_!$/(8+.1313228$915'F_/(2}78$ ',7:yG1UyG13{&<$?/(7:/(78$4$@$F:)()(a1){a/({a78U),$ &(7G+"&q
HT1^:5@&<1$)(f jN$&'W7:"rh28/13Ht`.1_7:&+"&@
f8+"$F&xE$_}78`.1$}`"+.-:`$+.)W:f_!),)(N_!g)( H/(7870^:$9+"&<',$7&c_!'*/(/<1378/<2U$F$M),/(2M_\]+"2:^:&xbm$'*&<$F1/(),_3+"'F2:2:_f:+"`/(_!+.13)Wf2g$'F1%+.--)($F$13),&m^8_!-4+"/(2+.1312:5l &?#%13$F2`. 5s/" 28tJ]$H^82:70)W+"E_+"',$F`7),28&($FHT+./h/ $ q
1:/(_+"2:$f45),13b]_!),E_!),fa
%
~
J
4 P8P ZLU
/</(1@78$D $i&,_),$]bc$Hi_-0fx13`.$^:5s&@)(`fc13_!b )(`"+.$ jS$tbm`"$/<_&F1?f8^:$ &<2$13 _?2^8&()&<+"&<bm/<13$+"`"_`^8f_!/()O+.113/<52$'W^:/(7:78&(2:+"$28+N4f:^8_!_4$/(_-_!13)(78+"$t2U$/<-0$F-:`)9),_1'*&<0$/<fc),`.$^0b+"'*2x/(^8+"_&)(2c$/(7:_!),_!/(),/7:_$/(7:3&($5s_)(bcf:13_!b -0/(`"_9$H&97:7:__!+E',)(7 $$
-&</<$F1)()(5s$1fu),bm+"2M_2:_'*2u$9_!'*),13),2:_&,}+"f8&<$F/<),)W_!^:0'*`"/(^8)($_&]HT$`"` 7:+"&_f0_!-:/(_!/(+.132u7:_&]+2:'*)($_&<$fM/(78$4ws/(+"bc$Q|
+
<
&
$
8
p
1
]
)
(
)
$
*
'
1
3
:
2
.
+
+
8
2
c
(
/
8
7
9
$
*
'
3
1
c
b
0
_
U
2
'*1Gf8$95s1)$2/<$F),-:),+"&<$ 7:7:$9$9'*'F1N^8f8)()($@$2:5s1'*) )(1$F5/<)W/(+.78$FEN$@+E28_c`^8/($78& $9f:_!/(_
'F^8)(),$2:'*
F &E!_`"^8$ 7:$9f:_!/<$?_2:fE!_`"^8$@15/(78$9+"20f8$*
/(7:+"&f0_.
e%24$*G_bm-0`.$9f:_!/(_m&($F/15#%_!/(_G/<)($_b!
"!
#%$'&)()*+,-
$
.'/
103245)6)0
$'7)8)8"9:;<=)>
?)5)@3A)?
@3B4)C)D
A4@3A)2
@3B4)C)D
A'E@3A)2
@3B4)CE6F,CG)0
A)0)@3A)2
@3B4)CEGF,C5'E
A)6)@3A)2
@3B4)CE5F,CG)2
A)G)@3A)2
@3B4)CE5F,C?'E
A)5)@3A)2
@3B4)CE5F,CA'E
)4)4@3A)2
@3B4)CE6F,CB)0
)4?)@3A)2
@3B4)CE6F,CG)0
)42)@3A)2
@3B4)CE6F,HE6
)4E@3A)2
@3B4)CEGF,HE)E
)40)@3A)2
@3B4)CEGF,C5'E
0J J
4P8P ZLU
/(7878$$/<),_$+"2820$F+")W28_?`"+.F-S$_!f /</<0$F),/2:+"&F&t`"_! 2$0`.$3f}^8)( $%:8_"@2:f_24/(78_!$@)(01Q+"E/<$F),)_!0)(/+'F&T^8`),_!E$*$q 0`"$/<f/(+"28Dc_ 22:_/(`.781$9'F_+"&t&<$@&(7811Q56H/(782$
1-:E)($F$ )f00+"'*//(_+.1322f:_!/(_-13+2/i13^8/(&(+"f8$%15a/(78$/<),_+2:+"28?f0_!/(_x),$&(^:`./(&T+"2_70+.37:`.X$F)()(132:$F13^:&
G
O
F0a{a{aU
%'$ =>) 56793 ) 9) $ A5 +B5./.
>-C5
>/)
Network description
Creation/Modification date
Control information
Number of inputs
Number of outputs
Number of units
Weight 1
Weight n
Next
Next
Unit 1
Unit 2
Number of layers
Number of links
Number of weights
General purpose space
Pointer to first unit
Pointer to last unit
Pointer to weights
Unit m
B
Next/Previous
Next/Previous
8J
4P:PZF!OQOQLNZ
28$F78/h$Hi/<11)(-}j41),$56`"/(_!78/<$$9f4285z$F^:/hHi2:'*1/(),+.j132:f:&_!^:/(_&<$9&</<_c),^:-'*13/(+"^82U),/<$c$F)wz&(/<$F1$ /(0703+"&^8)(f:$9_!/(AN_"&(|t/<),+&T^:'*_c/(^82:)($F$@/vHT1312M)(j4+"2878-0$^:_/tf8_$F20)f}e%_`"`"``
E!_!),+"e _!0-`.$13&+"2U'F_/<$F2g)@/<1}$_/('F78'*$ $&,0&<),$&(fg/95s_)(2:13fb`"_/(70&</9+"&^0&<2:/<),+./^:'*1/(5i^:/()(7:$$f813^80`"$X`+"28j$f`"+"&</15^:2:+"/(&3+.E$&
_+"&t'F'*-:$),&(1&]EG+"/<f81$/(f785s$x1)H78N^:13`.+"$9'(j2:_$F/v'FHT'*$1&()(&]j}/<&<1m/<),/(^:78'*$9/(^:HT)($$+.Te37U/(&F-13+"2U/<$F)/<1 _ `"+"28j$f4`+"&</15_`"`aHT$+.37U/(&
% =>)
8 1 5 +B5./.
>-C53
>/)
1'*13782:$@28^:$'*20/<7:+.$/($f&@^:wz/<&<1g2:$F+"$ /($&x_0'W3_!7 ^8)($4)(^:$920_!AN)(+./F)WCB3m_|T28/<17:$f+"&@$F/(+"`27:+"&<$F/@_u)&<Hf8-13+.$/(^8'F7+S0/(`.$$ 78&$@`"+/(`"2878+28j$ $jNf^:&t2:f8`+.+"$F/(&</<&/F$Fe1)Wbm)+"+"2828`"-0+"$%28^8/(j/%78$$9f/<$F28),`"$F+"bm&(/h/9Hi+2:11_5])(`"j&`"+/<28H1jN7:-&x+13',+"`7 &q
H_!)(7:$+e',+"728-0-/(^81378/(+"$92&9/<13/<$F^:1M)t/<-0/</(1m78^8$//(7:+"^:&t$92:/<^:+.),/(2:_&+.20e/t&<5_$F'*),/(&<)(+.$$E!'*f_!13/(20+.13f 24`"5z+^:282:j$'*f/(+.13`"2+"&(/9_2:1f45`"^:+"2820jG+./(&@&Tf8/<),$F_/<$F2:),&<b5s$F+")285s$^0&92:/('*7:/($+.1324^:2:_+"`"/(`.&@1QH/<1 &
13Htf:2M+ _H$F)(7:$+"2U'W/74/v5sN^0-2:$'*&/(+.113524^:/<201+./(^:&&</<$1$978$?b/<+ N),_$2:fM&<+"5s24$F)]/(5z78^:$2:&('*_/(+"bc132:$&28_!$F)(/v$HT1+"bc)(j-0`.$bm78$$?2/<^:$&(f}$F)]+2}'F__ 2u&,f8+"bm$'F+"+"`"f8_!$)
Unit identification
Layer identification
Control information
Input/Ouptut index
Link
Activation function
Link
Theta weight
Unit value/state
Number of inlinks
Next
Number of outlinks
Next
To next unit
p+.3^:)($?ANCBi7:$9^:2:+./f:_!/(_m&(/<),^:'*/(^8)($85s)(13b :a{a{
% =>) '148 ) $A53 + 56/.
>-C53
>/)
e+"28u`"+28^:jc2:+.f:/x_!/</(1 _X&<_/<28),1^:/('*78/($F^8)c),$^:2:wz&<+.$F/$ +"023_M^8),28$%$FAN/hHiC31|i),)(jS$F-:),i$&<_$',27/(&t^:_2:+"'*/x13'*2:13282U$/('*_/(+"+.2:13&X2+"5s28)(13-0b ^:/?13`"28+"28$%jG-:&)(c1G`"'*+"$2:&(jN& &q
/(/<_17:&(&<_!_c1G/%'FHT/<+"_!),$_/<+.$2:3f7U&<5s/$FH)&<+./</(/(),77:^0$x'*/(/(78^:^8$2:)($+"'*/:1313782:^81328/<`"$f0-0'*+"^8/(28+./]13/<2:/(1&X78$?1'*/(13'*78bm13$F2:)@+2828^:g$20'*/</(+./(1+"13&F2}/(78&<$/<_)('W^:$7M2:28+.`"/(+/(&287a6j__2:`f &<1 13'*^813/<2U-0/(^:_/x+"2:`"&+"2:_mjN&-X13`"+"+"2U2:/<jN$F)&
OLgVXLG!6P8P ZF!OQOQL
J0
Link identification
Link identification
Control information
Control information
Pointer to unit
Pointer to unit
Pointer to weight
Pointer to weight
Previous weight
Control information
Pointer to history
Previous weight
Pointer to history
Unit structure
Activation
Activation
Output
Output
Current error
Current error
Pointer to history
Pointer to history
p+.3^8),$?ANCAi78$9^02:+./tE_`^8$9_2:f47:+"&(/<1)( E!_`"^8$&85)(13bF:a{{as
4P:PZF!OQOQLNZ
Link: 9
Weight: 2
Link: 10
Link: 3
Weight: 3
Link: 11
Link: 4
Weight: 4
Link: 12
Link: 5
Weight: 5
Link: 13
Link: 6
Weight: 6
Link: 14
Link: 7
Weight: 7
Link: 15
Link: 8
Weight: 8
Link: 16
Net
Weight: 1
Link: 2
Unit: 5
Link: 1
Unit: 1
Link: 19
Weight: 10
Link: 20
Unit: 7
Weight: 9
Link: 18
Unit: 3
Link: 17
Unit: 2
Unit: 6
NETWORK
Unit: 4
p+.3^8),$?ANCI 8_bc-0`.$@15_c!qhBQq,x28$F/vHT1)(j
:
7
m
$
:
(
)
1
,
)
_
b
0
:
^
"
+
`
:
f
&
g
_
"
`
"
+
(
&
@
/
1
t
5
"
`
$
!
_
,
)
:
2
"
+
8
2
}
_
0
2
f
}
_
"
`
+
<
&
@
/
1
5
<
/
$
<
&
(
/
"
+
8
2
M
(
&
_
c
b
0
.
`
$
& H7:+',7
H+"2+"`),`_20$tf8113b$F),1$),fXf8$F/<19)/</(1m78$j28$F$F$F-M/vHT/(178)($9j28$F/hHi78$1)(`"+"j&(/O5s)(1135b`.$_!5s1),2:)(+"2:$F/<%/(+"&(28_mbm5s-01`.),$bc&'*$F13)W`.2U /(_`.$+"2:_!&)W28/($78f$5&($__!bm/(^:-0)(`.$$&&
w+"z2_&@/(+"f:bm+"&,$9'F^:&<$&(U&<$^:fu$2:+"2u'*$',7:_!-:7:/<_!$F/])@+"&U8|W+"x2/(7878$X$91`"+")W&<f8/]$F1)5 +"/<2$&<H/(+"7028+"4',7&(_/(78bm$F-0`.$_!&]-:-132$_!/()78+"$x21/(/(+7:bc$F$)97:_2:f_!)($
% =>) 9 ) 8>),/
3>/7& /
+"2478_X$0-:_!)(1/('W7 ),_Sb `"$%1 /<1N$F18),ie&T]_95s2N/<^:$F)bx&</($F_!))(/(1+"2:5m1-:^8/(-4+.13/(2:78&$@/<1?-:)(/(178$)W_^0!b &<$F:) +./H]H7:+"+"`',`07m-/($F78)($]5s1^:),b&($F)_'F'F_'*21),-0f:)(+281EGc+"f8/<1$
/(/(7878$x)(13H^:3+"&(7}78$_&`"`1bm5_/(78+"2$x5s^:$&(_!$F/()^8\)($&1Q1H 5O/(_ 7:5s$9^0-:`"`)(),1^:24),_1b 5 /(7:$?-:)(1)W_b>H+`"`$?f8$&('*),+"$f2813+"28
/<
113_/(78f}$?/(78f8$9$&(`"+"$)(_!$),f42:f8+"28$c`"_f:_!_/(2:_f}+"2-:/<)(1 $f:_c+"'*/(/(_!+"013`.2 $9/(_+2:bcfg$bm_!j$?_m`"+&</t15&,_bc-0`.$&_'F'*1),f0+"28
/(
7:13$?_f&(_/(bc78$]$?/<f:$$&(`"/(_+"28X_2:f:f4_!/(-:_x),+$2f:/<+"1X'*/(_+.132821/(/(78+"$Fbc)T$/(_!0`.$_2:fbm_!j$@_x`"+&</ 15&(_bm-0`.$&^0&(+"28
M$_&(^8),$9/(78$?+"20+./(+"_`S-$F),51),b_2:'*$@15/(78$9`.$_!),2:+28c_2:f4/<$&</(+"2:m&<$F/F
B3d
LMO0SQP0
5s-61$F$F))()(5s5s`.11$),),_!bb)W2:0+"028__ ',',jijqrqrH-:-0),7:)(11+"`.-0-0$_!_!3283_!$F_!/(E/(+.+.$F1313) 2m2}$*^:^0G&,&('*+"+"28$F28$]xf:_ +/(2878:$@G$bc/(fX78$$}2U_^024bmb?& _N8^:$F+"b)_!)(1^:$5Sb f'*G$F2N)('F^:)(`.$1bx&)__&$F&)c&<&</</<1115@-m-}'*'*G'*),),'F+"+"/<`./<$$F$F&),),+.T13+.13122 )
M$_&(^8),$9/(78$ S20_`-$F),51),b_2:'*$156/(7:$?`.$_!),2:+28_20f4/<$&</(+"28 &<$F/F
/<&(1X$FE/F__`2 ^:_!13/<^8$/<-0/(78^8$/ /<$`.&<$/(+"H2:70+"&(',$F7/F /(7U 2^:&i/(7:'*+"13&25z/(^:_2:+2:'*&/(+"/(137:2x$%/(_7:'*$/('F^:__`"`S'F-:^:)(`"_!$/<f0$+"fX'*/(E!+.13_2c`"^813$2&_!/()(78$$H/<$),&(+./</(/<+"28$2
lt13bc-0^8/<$@/(78$?$*N$'F^8/(+"1324/(+"bc$@15/(78$9-0)(1),_b4
`.$$_!),/<D
20),+"_2878+28c$$2 &<f$F/(/78^8$7:- _-:&/<)(11/<1m/()W78_$b$9f:bm+"_!&_/<^:$f8&<$/<$81fmH5s7:1$+)',-:74-0)()('*$$13f0f:2U+"+"'*'*/(/<_/($+.+"13f2:2m&13/(7:2 $F$95128E)($F$_H`^8bmE$__!&`jG^8^8+"$28-}& u/<1m/(_M7:/($5s7:128$9)($F$f8/v'FHT$_&(&<1+./F)()(ej$f4>&,78f013_!28^:/<$F$`"H f
H2:_78bc$F ),$/$9`"+/(& 7813$9_2:`"/($g&(_!1)(/(7:-$F_!13//&(&,+"'*&+.013^02`.$428/(_jN/<+2:12:1&Hbm/(2S_!7:|Wj$M$ +"2g28_2-S/(^87:$/(+"2&c&/('F13+")(_2:$&<`.`.$_m28f:$FH+ 78$}$F-:)(/<)($$$2U&<f0//(+"+"'*&(2:_/(+.bc132&(-S_`.bm$9wz+r-0&($78`._$13&m^:`'*f13-:2U),/($$x_f:+"bm+"2 '*_/(/(+.f81378$ 2 $
/(D
_!)(78$$F29/9_E!_'*13`"^8bc$ -S`.S$F^8/<$/`.5128)9$F_H/<E!1_/(`"_^8`"$ `"u7:_28&$FH/<1-0)($$-:f:)(+"'*$/(f:+.+"13'*2u/<$/(2f 78$X/(78E!$_`"28^8$F$c/hHi+"&1),1j%5T/('*7013_!^8/),H&<$m+"`^:`2:$jN2828$F1Q)WH_!/<2$
/(_782:$f4-:/()(7:$$9f:&(+'*_/(bc+.13$92}/(+"+"&%bm_$9&(&(_^:78bm$_$fgf}_/<&1/(7:$x$9/<-:),)(_$+"f:28+$'*fg/(+.13132u2/</(1m78$x&($@_bmbm_$f8f8$?$7:`__4& $F/vHT$F$2u/(78$+28-0^8/(&
1
B~
QQP8QLULNZcvS 6LUsQsS
110
observed
predicted
105
100
95
90
85
80
75
70
65
60
100
150
200
01/01/97
*-,.*-,
50
*-,.*R)
110
observed
predicted
105
100
95
90
85
80
75
70
65
50
100
150
200
01/01/97
SJ
QQP8QLULNZcvS 6LUsQsS
1
*R)K*-,
110
observed
predicted
105
100
95
90
85
80
75
70
65
60
01/01/96
*R)K*R)
50
100
150
200
01/01/97
:
QQP8QLULNZcvS 6LUsQsS
/(/<),78_$M+"20H+"28+"2:cf8&<1Q$FH>/F +"& bc1E$f 1328$uf:__2:f/(78$M2:$F/vHT1)(j+"&)($F/<),_+"28$f132/(78$u^8-f:_!/<$f
288$F /hHi1)(j G%! 3B 281),bmG_`8+.F$If ~ % '*1),)($I'*IN/]:f:+")($'*/(+.132
33B
GN!CCIIB GG 88oGd!B
II3INdUC:AI
!3A
INoNUAd GG 83B!3~o~
Id!ANNCCIBAo
3Id
ININCCIB GG 88~3~~d
dGdUC"Bo
3
I
33o~
GIN!C~d!~ GG 38B!8d!
dIGINC3~~
_FE $F)W_!$ 88CodQB GG 88oo~~
dI!NoNCIdQI
/(/(e%7878&%$$t'F_f:_'*+.2)(/($^:'*_/($`8+"13f:&<2m+"$F_!$12 5)W_/(+"2b78$0_!_3/'*^8&</()($F^:$cE_$FdU`S)WE_ _`Ua`"-S^:/<),`"$__&F'*+"2:$&+2283m+"/(27813&<$%2u/<$5/(1_78),fbm$c1$F 50)T5s13f:0`"+`. _!1QH),$F+"_)(28b!)(%1)%+./F/(-0O\7:^:]$]&(1-:7:H),$$&f:/(78/(+"'*78$t/($X-:+.13E!),2m$_f:`"'F^8+"^:'*$/</(&%/<+.13$+"f22
5s13`"`.1H]&t/(78$?_'*/(^:_`Of:+"_!),_b +2/(78$9&(_bc$9Ht_4_&]+"2/(78$?&</(_20f:_!),f/<$',702:+ N^8$
110
observed
predicted
105
100
95
90
85
80
75
70
65
50
100
150
200
01/01/97
1
[ %0 OP:Z
S
'*1)(S)($ '*/?$F-:)()()(1$)9f:+"wz'*+"/<2$f'*13f:bx+")(0$+"'*2:/(_!+.13/(+.2:13&%2HH78+"/($72/(HT78$m$ ^:&< $XS/(| 78f8$m1N`"$$&_28f81$F/T)Q+5s2:13'*`")(`.1$HT_&<$F$%)9/(/<78$$'W7:-2:$F+),N'*^8$$2m/(_!G+"$@2:'*1$ 5
/(/<),78_$?+"20f0+"+.28)($X'*13/(+.241324/(781$?5 /(78$xS &</<1N+"',&j4/(78+"&$@bc1$)(&</$x'W+"bc7813-+"'*1$)(/(_2U//(7:_2}/(78$?$*G_'*/]E_`"^:$915/(78$?&</<1G'(.j
% //7&/ /+
/]+"&-13&(&,+.0`.$/<1 '*13bm-0^8/<$x_ '*132 Sf8$20'*$?+"2U/<$F)(E_`51)]$_',7u-:)($f0+"'*/(+.132T78$?+"f:$_m+"&
/<_1g2:f4/<)W/(_7:+"2$2}_g'*132Nbc^:bx-0^8/<$F$?)9/(1785$928'*$F13/v2HTS1f8)(jG$20& '*$9/(_!+"j2$ /<$F/(),78E$_` _E$F),_!$-:)($f0+"'*/(+.13215/(78$&<$ 28$F/vHT1)(jG&
fS8$F2:),+"`"/<N$+"7:2:2N$c9^:-0bxbm^8_!)($F/(-)7813$&<1bm$5t_!1f:/(5t_!+"/('F/(__78`$m-5z13^:yG+"2:yN2U'*{/(/(&]&@+.13-/(2 7:13_!&(&,/@$F+./v0HTHT`.$4$F$^:'*21&<$c)(+"),285s^:-01-:^8)9/</ $)(f$F_20U)(f$u&,13&(28^8+.1313/<2-S+"&<^8$+"/iD&E!/<_!1g),$m+"$_!&<7:S/(_+"`.bmE$&$ _!0/<_$m_&(f0/($_!7:f/($_413^:2&<2G$F_ /q
15
-0_+.)W& H]7:+"',7g_!)($9_&(&(^:bm$f4/<1m$@$28$F),_!/<$fM_'F'*1),f:+"28/<1
Fw |
w | :w |
&(^:78'W$X7}H13_m7:^8$F),/<)($F-S$ ^8)(:/ $
w &(G &(|tw +.13 f82}'| $a2:/(3_1+.&</<Ej4$$&2'F28__4132}+"28&($@$F$9HH+"2U+.+"/(28/<7$F-0)(^:F-:$F/])()($FE1/<$$bm'*fM/<$1__) &2 _a241$5t&</(_4+bm28$F_!/v/<HT$?11)(5ju/(78/(7:$9_!),/?$F+"&%)($/<&(),&(_+.13+282 $fw
13 2 |
w5sz1+ )$/13^8(78) $%-0)(bc$$f:_+"'*2c/(+.11352m/(78-:$)(1/(0_!`.),$b$F/i+&f:+"/(&(78/<$]),+.0_'F^8'F/(^:+"13),2?_'*3c+.E1$52 /(78+"28$-0$^:&</ /(+" b |W_!0D/<$1705_!/(/ 78Hi$$]/<)WHT^8_$2U)(/ $F/<1x)($jN&,28&(+.1Q13H 2
wz+ $ D
/(7:78$@$2 )($F/<),)(_$+"&(2:&(+"+"2:13g24_MH+.yG/(yG78{13^:13/22813_M+"&<-0$Q_!|W)(/(+"'F^:`_!)x&(_bc-S`.$ O/(7:$ HT$+.37U/(&_!),$_f;(^:&</<$f +"2
1'*$F),)(f8/($F_)X+"2/<1 $F)(bm)(1+")920+"/(bm78+.),F$$c&(78/(1378`"$f $F7:)(_),f1)x13$F2$2/(78),$$_/<',),78_$+"f20+"28eg&<&($F$F/F/91O5 ),_+"202:$F+"28/vHTg1+")(&jN&<&x/<1+"&-:-/<),$_f +"2:H$f78$_22:f_
&H</<),1+"-:/</<-$$2 fu13<2 w _| '*$F)( /(_+"2 f:e_!/(%_4&c&($F/(/F78x$$78&</($+"bm13^8_!/</<-0$4^:1/%5%1/(5T7828$4$F$/vHT2:&(1$)(b?j 0`"$132 15%+"2828-0$F^:/vHT/1E)($jG'*&c/<15s) 1)m /(78+"$&
)($F)($&,&(+.132w |tHi$9/(_!j $x/(78$9_E$F)W_!$x13^8/<-S^8/
<w |W=
w |
T
l
3
1
2
Sf8$2:'*$+2/<$F)(E!_`"&-:)(1EG+"f8$i_Ht_@/<1 U^:_2U/(+.5s]/(7:$i'*132 Sf:$2:'*$i+"29/(78$$&</(+bm_!/<$
w |15x/(78$ )($F)($&(&,+.132w
|''*132:&(+"f8$F)/(78$-:),10_!0+"`"+"/vf:+"&</<)W+.0^8/(+.132
w w |
w |<|t/(7:_!//(78$9/<)W^8$@)($F)($&(&,+.132}+"& w |i3+.E$2}/(78$@$&(/(+"bm_!/<$ w |W
%
e
(
&
(
&
:
^
m
b
$
(
/
:
7
!
_
}
/
(
/
8
7
$
:
f
"
+
<
&
<
/
,
)
"
+
0
8
^
(
/
.
+
3
1
2
w
w | w |<|+"&}'*$2U/<$F)($f _!)(13^:2:f w |W
13\]&(7:2$_!^8),_ ),-}_S`-2:28$+"/<_!$F$mj/hHi2U+"12}^:)(bxjG/(78&9$?$F_!)?f:)($c_!1/(5S_G+"$*T_8&<_$bc7:f+"-0&$`.&<'F$/(_&?+"b2gH_!+"/<`"$9`1),&(_&F$F`"cpHT$2g_8N1+"2&)97:S$*8_3E_^8$bc)($x-0_}dU`.$/<CBN$O20t28f8$$^87:2:),+"'*_& `+"2U28/</<1u$F)(/h1GHi1f:E1^:$F),),'*jN&($&@bm&/<1U_m)W1_0/(+"287+"_$& f_
H+"2U7:/<$F+',)(7E!_&(`"&F7813^:`78f $7U$U-/(1_!/(j78$$2&,+"+&2+"/<&1/(7:_'F_!'*/i13/(^:782U$/m0/<+1_& '*$F13/bc_-&(13N28bc$-02U/</11/(5+"'F/(_78`"$`.'*13'*21)()(f8$$'*2:/'*'*$13+"2 2U/<$Ff8)($E!2:_'*`"$&
+"&28$Fp3+.),`+.&(3/ +.qr01`.),$f8$F+"2})i'*'*113),bm)($-0'*_!/),+"+"&<213/<2$F),H]E_+.`"/(&i7'F/(_782$9E!$_!),f:+"$F_),2:+.'*E$9$fm'*13Nbmm-_13&(&(2:^0$bm2/F+"28?_X_^:&(&,+"_2f:+&</<),+.8q
^/(878/($9+.13E!2 _!),+"_w 20'*w $9 | +"2 /(78w $9 |<13|W^8t/<-S^878/($?&tE1_!5),/(+_782:$ '*$91285$F/v/(HT7:1+"&)(jGf0& +"&< /<),+.S^8/(+.132'F_2g$@$&</(+"b_!/<$f}5s)(13b
1
0 1
QQP8QLULNZcvS 6LUsQsS
w |
w
|
w | " =
G
+
:
2
*
'
c
$
(
/
8
7
$
:
f
+
<
&
<
/
,
)
.
+
0
:
^
(
/
.
+
3
1
M
2
+
x
&
_
:
^
(
&
,
&
"
+
_
O&(1g+"&@/(78$ +"2E$F)W&<$f:+"&(/<),+.0^8/(+"132 w w |
2
w |<|t/<1 S2:f/(78$@),$F)($&(&(+.132 w
|W
p813``.1H+28c/(78$9-:),1N'*$f:^:)($ G/(78$?'*132 Sf:$2:'*$9+"2U/<$F)(E_`&_!)($
w |
w | w | w |
w |
f8$F-$2:f0&i132}/(78$?f8$&(+")($f4'*132 Sf8$20'*$9`.$FE$`
H
:
7
F
$
(
)
$
/<-$F1378)(+"E!$2U_/('*`"&&F13@12 5S/(f87878$$$20'*5zN_$ /('*^:/<`.$Ff:1E),$$& 2`i/ F/(& 7: h_!qv/f:
+"Hi&(
/<$),c+.^:0&<'F^8$_/(2+"+"13&?2G$xH]C~/(+.A _!/(74j$H]2U2 ^07:5sb?+")(',137b $F)()$_&(1^:5/(`"_!f8/(0&x$F`"+"$x)(2$FH$~+"&]A /(7g15/(5'*78),13$$F2 $-Sf8$Ff813),b$'*2:$'*2U$ $N/(_!^:+"2G_$ q`
/<1m/(D78$x$2U^:^:&<bx$fM$FA!) 12856$F2:/vHT$F/v1HT)(1jG)(&jN/<&1/(7:-:_!)(1G/f:-:^:),'*1N$9f:^0_2}'*$$f&(/(/(+"78bm$9_!-:/<)($?$1f05+"'*/(/(7:+.13$9213^8/<-0^8/F 2 03^8)($xdUCA _
f:+"2U+"/<_!$F)()WE!__b `"&?H]^:+.&,/(+"7284$F)()(11),)(f80$F_!),)W&9&T+H&i7:&(+"7:'W17H&(2781QHe%28/(178/($78$F`"+")bm-+.13/(&&(&,1+.05+"`"$+"_/vX'W7+"&T'*/<131X2 Sf:f8),_$H2:'*/($ 78+"$@2/<'*$F13),2 E_f8`%$wz2:&<$F'*$$
03^8),$xdUCI3|W
LN P:Y
_'*78/($^:_'*`132 &</<S1Gf8'($j2:'*+"&%$/(+"2U78/<$X$F)()(E!$__`"`&)(13$F2:`.),X$&(+"&(2:+.13f02 +"'F_! P/<$t!'$[/(V 78 $RPT'*S132 P S6f8$^#20M* '*$T1$5S'F/(_7:^:D$ &($c MO15$)(/($F7:+"& )($&(/(&,7:+.$m132_'*/(^:78_$ `
&</<1G'(j4&<13bc$F/(+bc$&$*8'*$F$f:&/(7:$?`"+"bm+"/(&i156/(78$?'*132 Sf8$2:'*$9+"2U/<$F)(E!_`"&F
(
110
observed
confidence interval
105
100
95
90
85
80
75
70
65
60
01/01/96
100
150
200
01/01/97
[ % 0 O P:Z
110
observed
upper bound
lower bound
105
100
95
90
85
80
75
70
65
60
01/01/96
* ! $'&(*)+, ),- .01 236 5,<4 8195:*;=<= >4)+19?1 2@>5;BA <D;7>E*;!194 F ),G
50
100
150
200
01/01/97
QQP8QLULNZcvS 6LUsQsS
i
%'$
>/23 79+ ) 7&;<5=>) 8 +.),+
%
(/e%f:+._132m2+"bch5O-78/(178$%)($@/(20_2:_2U_+./E+.E+"$&($&(-:^8-:)($$)($f:+f0&+"'*+"/('*/(7:+"/(13_!+.132/ 2 /(/(78_!13$j^8$/<28&-$$F^:/()(78),5$@_1`8)W`"bm28_&<$F&T//vHT/(f:781_$@)(jGyN&_yG&&({a7:-:&13)(U^:$/(f0`"78fX+"$'*2413/<$^8+"f/</T-E+"$F&t_)(`"^:5s^:1&($]),$b`.5s$1&()2:&T_/(/<+.781cE$@$-:'F-0)(^81G)()($f:)(f:^:$+"2U'*'$/q
13-:^8)($/<f0-0+"^:'*/(/(&c+.13U2g_!),28$x$^:3),+.E_$`228$F+"2M/hHi/(178)($XjG&F28
$*G/]78/($4_!0)(`"$$&,^:`./(78&c$x/(7:'*13_!`"/^0Hibm$F2:)(&]$M31+.:E$x/(_/(+"7:28$$fU ^:28&(1+28),b _2:`"+._F+.$Ef $
~
9P0 z
OOLMZQ LMSOLMRsLNP:!
Oz
OZLU
)($&(^0`.3/(_&t2:Hif$F/(),78$9$1-:$F/(),_'*+"28$2U$/(f}_!U$1/(5S_!'*jN1+28),)(c$'*13/ 28-:$9)($$f0_!+")'*F/<&$fX-:)(f:$+.f:)($+'*'*/(/(+.+.13132:20&9&5swz18)$8_',7!~28IQ$Fqv8/vHT18)(j~3d378|W $&<$
%!CAB 2:1),bmG _`"+.3F$of BI '*1)()($IG'*!/%Cof: +.)($'*/(+"132
+*R)K*-,
0 1
1
JKgP0SLu6QLN6s
110
observed
predicted
105
100
95
value
90
85
80
75
70
65
60
01/01/96
50
100
150
200
day
01/01/97
110
observed
predicted
105
100
95
value
90
85
80
75
70
65
60
01/01/96
50
100
150
200
01/01/97
day
!"#$%#&(')+*,-/.0'123-45#*768'
*9#6,#$-#:24-;')+<$=>25#&?A@72B24-#*A6,#$56
-47C5DA*,E
J
105
100
95
value
90
85
80
75
70
65
60
01/01/96
50
100
150
200
01/01/97
$ &(*)+, ),- 5 ;=41 .5, %8 19),*;D<35; ) <=)+1 ):8941 5 +" 8),- 7GD8 891 ),;7<=)+<
19D>27;= %
day
!#"%$&'
( 2 GD),<4*) 5G*G5 .'419D> 2=;=% 8 67),89D< 5; 1 2(*<D)@1 27)+1'1 2(89195B> 5 )>5- ),;!+
>4),;6 *;-C, D;=>D< 6.+ 1 2 89195%>5 55,1 2=4E>5-7),;=*D84 ( 2 GD),<=4*) 5G G5 .4E19D> 2-/
;=%1 )$,D8?1 29 = D>D<=*;= .4%<7)0B+ 8 5- 1 2= 89195B> 5 1 2= GD),<=48 5%1 25G*<
195 7 D<=*>1 ),;:51471! 5,21 25G < 1 8'*; 1 2 891 ),;=<=)+<:19D>2=;7!=
1 2 1 - 3/ .0*;=<=5 .
*8 - 5 F,D< 5;=@<=)03+ 6 5, = 5B>D8 8 *; 1 2;3%4 1 5=14714
1 8@<=*8>4=8 89D< *; > 2=)$=194 1 27 D<=*>19D< 89195B> 5) ;41 .5, 19),*;=D< 5; 1 2
56879;: ),8 .DG*G ),8 1 2=<?>A@ 5G*G5 .08 1 2 ),>1 =),G 89195B> 6 419194 1 2=),; 1 29=D<=*>19D<
89195B>35 ) ;41.'5,319), ;D<35;=GB+ 5; 1 2C<?>A@
D ; 1 2= =4F%578:89D>1 5;FE-E-G 8:19 ),*;D< 5; )1 *- 3/ .0*;7<5 . .01 2
8 ),->7GD8
1 ;=D< 511955=1 C4 5,- ;41 .5, B819),*;D<:5; - 5, 8),- 7GD84 5,1 2D8 D),8 5;=8
. . *G*G 5;=GH+ = 5 FB*< 1 23 D8 =G*1 8E5 1 2= ;41.'5, %8 19), ;D<5; 1 2 56879;: ),;=< )
1 *- 3 / . *;=<5 . .01 2 8 ),- 7GD84
1 *- 3/ . *;=<5 . <I>0@ 56879: 34BD>41 5; 1 *-
J #","
#" !K
- *;
4
5
8
>
5
S
ORzZQ
110
observed
predicted
105
100
95
value
90
85
80
75
70
65
60
01/01/96
50
100
150
200
01/01/97
8 ),- 7GD8
>
27)DF, 894D; 1 2=)+1:1 2 E-E-G 8 1 2=)+1 =89 1 2 891 ),;=<=)+< 19D>2=;= ! C4 5,- -=> 2
6 4 191941 2=),;:1 2=IE-E-G 8 1 27)+178901 2(GD),<43) 5G*G*5 .4'19D> 2=;= % .'(>5;=8 *<=4'6 5,1 2
<?>A@:),;7< 56879: ( 2 >4),=89 8 = 5,6 )+67GB+E1 27)+1 1 2 89195%> F ),G D8 5 1 2 GD),<48'- )0+
<4FB*)+19 195!5 - =>2 5-/1 2= 8 195%> F+),G*E5 1 2 5G*G5 .'4 ( 2=*80>4),789D8 1 2 ;=D),G
;41.'5, 3195 = 5B<==>(51 71 8 1 2=)+10<4FB*)+19 5- 1 2@8 195%> F ),G*=D8 5 1 2= 5G G5 .4D
( 24@*85;=BG +3) 8 G**2 1 <= 4 D;=>@ ; 56 79:
5 .4F,4 %1 2 D8 7G1 8 1 2=)+1 . 5,6=1 ),*; .6 + *;!19 5B<==>4*;= 1 2 G*D),<4*) 5G*G5 .4 19D> 2-/
;= % *;!195 1 2 E-E-G 8()+ .5,89 1 2=),; . 3 4 D>19D< ( 2 891 ),;=<=)+< 19D> 2=;= % 5,6/
FB5=8 BG + 4 5, - 8(6 419194D D 1E*8 C588 67G 1 2=)+16C419194 D8 =G*1 8?>4),;6 5,6=1 ),*;=D< 6 +
=8 ; 5;@5 1 2@5,1 24 B*;=<785 ;41.'5, %8 <=*8 >4=889D< *; >27) =194I J%
5,1 2 19D> 2=;= %D8(51 4 5,- 1 2 ;=),F, 7 D<=*>1 5; C<= 8 >4=8 89D< *; 89D>1 *5; J
.' >5;=8*<4 1 2 56879;: 4 5,D ( 2 19D>27;= %D8 ),G*895 51 4 5,- 1 2 3 4 4 1 8
),;=),BG +B891 8 ?5 1 2 89195B> -:)+ ,41 .025 >4),; D),>2 ) 4>D;!1 )+, 5 ) = 05 4*- )+19DHG +
" K 5; 195 784D>4),=89 1 2= <=* D>1 5; *8- => 2 - 5, 3*- 5, 1 ),;!11 2=),; 1 2 3 4),>1
F+),G* .E>4),; >5;=8*<4 1 2 E-E-G 8 195 6 ?6 419194 1 2=),; 1 2E;=),F, 7 D<=*>1 5;
5
5
5
5
3
5
$A
!"#
"! #$
%'& (*),+.-0/1)3254,(769802:/<;>=?43258@+.-7;>& AB69(DC696E&GF,+IHB698*6E&J(=?69(*),;KF,-L(7;:/<;>=MA3+.&,6N4,8*6EF3+./<(*+O;>&,P 8*;>=Q&R6ESR812UTV&,69(WC0;U8*XK-YCN+.T.TZAB6:[>+.\U6E&^]`_a&R6b; P (*),6E-76 =?69(*)R;cF,-d+.-eA32UT.2U&3/9+.&R[R]bfg),+.=?69(*)R;cFh+.-iAj2U-76EFk;>&h(*)R6G2U&,2UTOlc-*+.-i; P (*)R6m6E&,-76E=MA3TO6n[U6E&R69812UT.+OoE25(*+.;>&p69818*;U8:+q&r(7;s2U&
2U=MA3+O[>S,+O(Dlt(76981=2U&,Fu2n(76981=v+.&,/<;U814w;U8@25(*+.&R[ [U6E&R698@2UT.+OoE25(*+O;>&u4B698 P ;U8@= 2U&,/<6E-x; P +.&,F,+Iy
\c+.F,S,2UTB&R69(DC;U8*Xc-9]0fg)R6Y=?69(*)R;cFt+.-gF,6E-*/<81+OAB6EFG+.&{z}|~]
-7(78125(769[Ult(7;`4,8*69\U6E&J(N2 &R6ESR8@2UT^&R69(WC0;U8*X P 81;>=;\U6987j(7(*+.&R[R3+.-g(7;`-7(7;U4(78@2U+.&,+.&R[
+.&2U&6E258@TOlp-7(*25[U6u; P (*),6TO6E2581&,+.&,[u4,81;K/<6E-*-E]fg)R6t/<;>=?43TO69(76uF,25(*2"-769(`+.-?-*43T.+O(bSR4
+.&J(7;"2s(7812U+.&,+.&,[-769( 2U&3F2s\2UT.+qF,25(*+O;>&-769(9]f812U+q&,+.&R[s+.-?-7(7;U4,4B6EFhCN)R6E&(*),6m69818*;U8
;>&(*)R6b\2UTq+.F,25(*+O;>&u-769(d-7(*258*(*-d+.&,/<816E2U-*+.&R[R]efg)R6b-7(*25A3+.T.+.(Wlt; P (*)R6?&R69(DC;U81XK-d+.-e),+O[>)3TOl
FR694B6E&,FR6E&J(e;>&u(*),6bF3+O\K+q-*+O;>&+.&(7812U+q&,+.&R[`2U&3Fu\52UT.+.F325(*+O;>&u-*69(92U&,Fs2UT.-7;G;>&(*)R6b812U&cy
FR;>=+.&,+O(*+q2UTBC6E+O[>)J(*-e2U&,F(*)R6:/1)R;>-*6E&=`+.&,+.= +.oE25(*+O;>&G4,8*;c/<6EF,SR8*6U]fg)3+.-g/92US,-76E-x6E2581TOl
-7(7;U4,4B6EFm&R69(WC0;U8*Xc-0(7;MAB6N8@25(*)R698S,&,-7(*25A3T.6U2:-*= 2UT.Tj/1),2U&,[U6a+q& (*)R6aF,25(*2M;U80F,+OHw698*6E&J(
+.&,+.(*+.2UT/<;>&,F,+.(*+O;>&,-e/92U&u438*;KF3S,/<6MT.2581[U6:/@),2U&R[U6E-d+.&(*)R6M438*6EF,+./<(*+O;>&]xfg)R69816 P ;U8*6UB+O(a+.2UFR\c+.-*25A3T.6g(7;?254,43TOlb(*)R6a-*2U=?6e4,8*;c/<6EF,SR8*6x-769\U69812UTw(*+.=?6E-0-7(*258*(*+.&,[ P 8*;>=F,+IHB698*6E&r(0+.&,+Iy
(*+.2UTwC06E+O[>)r(*-E]Lfg),+.-(76E/1)3&,+.KSR6d+.-0; P (76E&G8*6 P 698*8*6EFm(7; 2U-(7812U+q&,+.&R[:6E&,-76E=MA3TO6E-0; P &,6ESR812UT
&R69(DC;U8*Xc-9]
D +O(*){A325[U[>+q&R[RZ(*),6 4,8*6EF,+q/<(*+O;>&";>&k2u&R69CNTOls258*81+.\K+.&,[G+q&R43SR(d\U6E/<(7;U8b+.-Y(*),6`2E\U698125[U6
;\U698?2UT.T&R69(WC0;U8*X{438*6EF,+./<(*+O;>&3-9]m25[U[>+.&,[/<;>=?4jTO69(76ETOl"F,+.-78169[>2581F,-Y(*),6`4B698 P ;U81= 2U&,/<6
; P (*)R6Y+.&,F3+O\K+qF,S,2UT3&,69(WC0;U8*XK-N;>&t(*)R6iF325(*2 S,-76EF P ;U8N(7812U+q&,+.&R[b2U&,F-7(7;U4343+.&R[R]
?Zp
S,=?43+q&R[d(*)R8*;CN-L2C02l`2UT.T3&,69(WC0;U8*XK-EJ6<R/<694,(L(*),6N;>&R6gCx+O(*) (*)R6xTO;C06E-7(L69818*;U8L;>&n(*)R6
/<;>=?43T.69(76iF,25(*2 -769(9]
Z
2UT.2U&,/9+.&,[h+.-G2U&+.&J(76981=?6EF3+.25(76 P ;U81=; P A325[U[>+.&R[2U&,FA3S,= 43+.&R[R]L2U/@)&R69(WC0;U8*X
8*6E/<6E+O\U6E-M2tC06E+O[>)r(*+q&R[ P 2U/<(7;U8bZ0Cx),+./1)"F,694w6E&3F,-a;>&"(*)R6 6<c4B6E/<(76EF{4B698 P ;U81= 2U&,/<6?; P
(*)R6a&R69(WC0;U8*Xn;>&n&R69C\52UT.SR6E-9]fg)3+.-6E-7(*+q= 25(*+O;>&m+.-LAj2U-76EF`;>&m(*)R6e4B698 P ;U81= 2U&,/<6x; P (*)R6
&R69(DC;U8*Xt;>&(*)R6Y(7812U+q&,+.&R[ 2U&,F\2UTq+.F,25(*+O;>&t-769(*-E]fN)R6d4,8*6EF,+q/<(*+O;>&t; P 2UT.T&R69(DC;U81XK-x;>&
4325(7(76981&ut+.-gFR6<w&R6EFt2U-g(*)R6dC06E+O[>)J(76EF2\U698125[U6
r
#
#
Z
fg),6d[U;>2UT+.-(7;?w&,FG(*)R6YC06E+O[>)J(*+.&R[ P 2U/<(7;U81-NZDj-*SRA76E/<((7; (*)R6i/<;>&3-7(7812U+.&J(*
Z "!$#%'& Z)
(+*-,.0/
lc+O6ET.F,+q&R[M(*),6i-*= 2UT.T.6E-7(4w;>-1-*+OA3TO6e[U6E&R69812UTq+OoE25(*+O;>&t698*81;U8
13246572
! A? @CBEDF@
JI$L K MON
8:90;=<>9
HG
D 6`)32E\U6?(7;Gj&,F8*6E2U-*;>&,25A3TO6b6E-7(*+.=`25(76E- P ;U8i(*)R6E-76b[U6E&R69812UT.+.oE25(*+O;>&s698*8*;U81-aAj2U-76EF
;>&G(*)R6Y&R69(DC;U81Xm4B698 P ;U81= 2U&3/<6E-;>&\2UT.+qF,25(*+O;>&GF,25(*2c]0_a&3/<6dC6Y),2\U6Y;UA,(*2U+.&,6EFn(*),6E-76
6E-7(*+.=`25(76E-9w&,F,+.&R[G(*)R6n;U4,(*+.= 2UTC6E+O[>)J(*+.&R[ P 2U/<(7;U81-:ZS3&,FR698Y(*)R6n/<;>&,-7(7812U+.&J(*-i+q-i2
-7(7812U+.[>)r( P ;U8*C2581FKS,2UFR8125(*+./a438*;U[U812U= = +q&R[b4,8*;UA3TO6E=]
PRQS
TVUWYX[Z=\^]'U0_J`
monqpHrtsuvws xzyH{qv}|'~|quv:u
a_ &(*)R6tF,25(*2{|{-76943258125(76&,6ESR812UT&R69(WC0;U8*X2U&,2UTOlc-76E-bC0698*6t4B698 P ;U8@=?6EF^]p2U/1); P
(*)R6b2U&,2UTOlc-76E-e),2UF(7;G4,8*;c/<6E-*-N(*)R6M;>S,(743SR( P ;U8e;>&R6MC06969XcF,2El+q&!KBA32U-76EFu;>&(*)R6
\52UT.SR6E-; P (*)R6M4,8*6E/<6EF,+.&,[!*nF,2Elc-9]f;n= 25XU6M2`4,8*6EF,+./<(*+.;>&^c6E2U/1)=?;KF,6ET+.-3(7(76EF;>&
H* F,+.8*6E/<(*TOl`438*6E/<6EF,+.&R[?C06969XcF,2Elc-9]
R;U8V6<R2U=?43T.6U(7;d4,8*;c/<6E-*- 2e4,8*6EF,+q/<(*+O;>& P ;U8| H*!dA32U-*6EFM;>&b(*),
6 !*e4,816E/<6EF,+.&R[
C06969XKF,2lK-E52N=?;KF,6ETU+.-w3(7(76EFY;>&Y(*)R6\52UT.SR6E-^; P (*)R6H *438*6E/<6EF,+.&R[C06969XKF32Elc- G *5 !EH| U
y0| H*! M ] 0;>&,-*6EJSR6E&J(*TOlG2?4,8*6EF3+./<(*+O;>&m; P (*)R6d\2UTqSR6d;>&| H*!m+.-4,81;K/<6E-*-*6EF^]
E
R;U8d6E2U/@)"2U&,2UTOlc-*+.-x *G&R6ES,812UTZ&,69(WC0;U8*XK-d25816M(7812U+q&R6EF;>&(*)R6b254,4,81;U4,81+.25(76MH *n;UAj-76987y
\525(*+O;>&,-9]2U/1)&R69(DC;U8*Xh+.-i2 yWT.2lU698 &R69(WC0;U8*XwVCN+O(*$) !*+.&R4jSR(Y&R;cFR6E-9 &,;KFR6E-M+.&
(*)R6`)3+.F,FR6E&sT.2lU698EZ2U&,$F !?;>SR(743SR(Y&,;KFR6U]nfg)R6?),+.F,F,6E&"&R;KF,6E-d),2E\U6m2 m(7812U&,- P 698
P S,&,/<(*+O;>&^R2U&,F(*)R6Y;>SR(743S,(g&R;KF,6a)32U-g2 F=(7812U&,- P 698 P S,&,/<(*+.;>&^]
fZ812U+.&,+q&R[s; P (*),6&R69(WC0;U8*XC2U- 4B698 P ;U81=?6EFS,-*+q&R[s(*)R6A32U/1Xry4,81;U4325[>25(*+O;>&2UTO[U;5y
81+O(*)3=t3CN)3+./1)uC02U-e6<c(76E&,FR6EFCN+O(*)(*)R6 hT.6E2581&,+.&R[`81S,TO6U]efg)RV6 CT.6E2581&,+.&R[
81S,T.6M-7(*25(76E-a(*),25(e6E2U/1)k-7(7694s; P (*)R6:A32U/*XJy4,8*;U4325[>25(*+.;>&"2UTO[U;U81+O(*),=/92U&4,8*;c/<696EFs&R;U87y
= 2UT.T.lu+ P (*)R6`F,+O816E/<(*+O;>&s; P (*),6 4,8*6EF,+q/<(*+O;>&; P (*),6 /9SR8*8*6E&J(d;UA3-7698*\525(*+O;>&"C2U-YCN8*;>&R[R]
% P g;>&(*)R6;U(*)R698t),2U&,F(*)R6"F,+O8*6E/<(*+O;>& C02U-t/<;U818*6E/<(9N(*)R6E& 2pC6E25XU698u-7(7694 ; P (*)R6
2UTO[U;U81+.(*),=CN+.T.TwAB6YFR;>&R6UV(*),6iTO6E2581&,+q&R[b8125(76YCN+.TqTj(*),6E&tAB6a=:S,TO(*+.43T.+O6EFnAJl *c] !5]
" f E
fg),6MA32U/1Xry438*;U4325[>25(*+O;>&"2UTO[U;U8@+O(*),=C02U-a-7(7;U4,4B6EF2 P (7698i**m694B;c/1),-e; P (7812U+q&,+.&R[R
;U8 + P (*)R
6 i;>&i(*)R6\2UTq+.F,25(*+O;>&Y-*69(+.&3/<8*6E2U-76EF P ;U8x-*SRAj-76EJS,6E&r(-*(76943-9] fg)R6T.6E2581&,+.&R[
8125(76i2U&3F=?;>=?6E&J(*S,=43258@2U=?69(76981-gC0698*z6 *cd] *!M2U&,F *c] ?816E-74]
: E
fZ;`FR6E/<8*6E2U-76M(*)R6MT.6E2581&,+.&R[b(*+.= 6Y; P (*)R6i&R6ESR8@2UT&R69(WC0;U8*Xc-g(*)R6:F,25(*2 P ;U8N(*)R6M2U&,2UTOlc-76E),2\U6 AB696E&"&R;U81= 2UT.+.o96EF^]:fN)R6 /<;>=?43TO69(76 F325(*2-769(i),2U-aAB696E&s(7812U&3- P ;U8@=?6EF"(7;+O(*-
:<
bI
"!
#%$
?A@B3vfpHv~DCv:u
%'&t(*),+.--76E/<(*+.;>&t(*)R6iF,+OHw698*6E&3/<6E-g258*6YF,+.-1/9S,-*-76EFt2U&,F(*)R6d4B;>-*-*+OA3T.6e+.= 432U/<(*-9
6 FHFHI-S,-76EF:+.&Y(*)3+.-Z/@),254,(7698V),2\U6 g(7812U&,- P 698 P S,&3/<(*+O;>&, : ) E) E fg)RG
+q&n(*),6e),+qF,FR6E&mT.2ElU698g2U&,F F'0(7812U&,- P 698 P S3&,/<(*+O;>&,-0+.&n(*)R6a;>SR(743SR(&R;cFR6U]Vfg)R6
FHFHI-S,-76EFG+.&m/1)3254,(769
8 g:/<;>&r(*2U+.&G;>&3TOl`&R;cFR6eCN+O(*) 6KJMLN53e(7812U&,- P 698 P S,&3/<(*+O;>&,+G q&,/9T.S,F,+q&R[t(*)R6m;>SR(743SR(:&R;KF,6 M ]ufg)R69816n+.-M&R;F3+IHw69816E&,/<6n+.& O36<R+OA3+.T.+.(Wl; P (*)R6
= ;KFR6ET/92US,-76EFuAKlt(*)R6:S3-76i; P +.&-7(76E2UF; P 6 PJ/LN5;3 P S,&,/<(*+O;>&3-9]Nfg)R6M&R69('y
C0;U8*Xm+.&m(*),+.-/1),2543(7698g= 2ElmAB6e-*Tq+O[>)r(*T.l`TO6E-*G- O36<R+OA3TO6e/92US,-76EFGAKl`(*)R6dS,-*6e; P (*)R6
Tq+.&R6E258;>SR(743S,(g&R;KF,6Uq] cN;C69\U698Ew(*)R6YF,+OHw698*6E&3/<6Y+.-4,8*;UAj25A3TOl`&R;U(N4w698@/<694,(*+OA3TO6U]
EQ ' : Z Re+OHw698*6E&J(t\52UT.SR6E- P ;U8TO6E2581&,+.&,[p8125(76p2U&,F =?;5y
= 6E&r(*S,= = 2Eld/92US,-*6(*)RD6 FHFHI-^(7;N-*(7;U4i(7812U+.&3+.&R[+.&d2gF,+OHw698*6E&J(^4B;>+.&J(^; *P S C06E+O[>)J('y
-*432U/<M6 TO]fg),6Y+.=?432U/<(; P (*),+.-gF3+IHw69816E&,/<6d+.-gF,P+ Um/9S,TO(0(7; AB6d6E-7(*+.= 25(76EF^]
V VE fN)R6uTO6E258@&,+.&R[5yW2UTO[U;U8@+O(*),= ; P (*)R6&R69(WC0;U8*Xc-G+.&(*),+q-`/1)3254,(7698mS3-76E2\52UT.+.F,25(*+.;>&k-7(7;U4/<81+O(7698@+O;>&^]sfg)R6mA32U/*XJy4,8*;U4325[>25(*+.;>&2UTO[U;U81+O(*),= +.-:-7(7;U4,4B6EF
Cx)R6E&(*)RW6 XY;>&(*),6i\52UT.+.F,25(*+O;>&t-*69(x+.&,/<816E2U-76E-N+.& -*SRAj-76EJS,6E&r(N-*(76943-9]fg)R6
\52UT.+.F325(*+O;>&F,25(*2n258*6b-76ETO6E/<(76EF P 8*;>=(*)R6M(7812U+.&,+.&,[ F,25(*2nS3-*+.&R[ (*),6 S AB;J;U(*-*(781254Ry
4j+.&R7[ TR2UTO[U;U81+O(*)3= z}|~] ,SR8*(*),6981=?;U8*6UR(*)R6dAj2U/*XJy4,8*;U4325[>25(*+O;>&u2UTO[U;U81+O(*)3= +q-4,8*;5y
/<696EF,6EF P ;U802M= 2R+.=MS3=; P **Y694B;c/1),-9] -L2i8*6E-*S,T.(V; P F,+IHB698*6E&r(-7(7;U4m/<8@+O(76981+.2
(*),6n&R69(DC;U8*Xc-b= 2El"(7698@= +.&,25(76m+.&{F,+IHB698*6E&J(i/<;>&c3[>S,8125(*+O;>&,-9]tfg),6n+.=?4j2U/<(Y;>&
(*),6Y4,8*6EF,+q/<(*+O;>&,-+.-6<c4B6E/<(76EFt(7;`AB6a8125(*)R698e-*= 2UT.T ]
^ :
: : fN)R6x;>S,(743SR(0\2UT.S,6E- P ;U8(*)R6FHF I-0+q&`(*),+q-/@),254,(7698g258*6d&R;U81=`2UT.+Oo96EF
+q&G(*)R6Y-*2U=?6YC2Elt2U-(*),6Y+.&R43SR(0\52UT.SR6E- G jy(7812U&3- P ;U8@= 25(*+O;>& M ,Cx),+.TO6a+.&G/1),2543(7698
gd(*)R6g;>SR(743S,(V\2UT.S,6E-258*6N-*/92UT.6EF?(7;Y(*)R6NF,;>= 2U+.&z *c ! ~]Lfg)3+.-V+.-V&R6E/<6E-*-1258*lbCN)R6E&
2d-1+O[>=?;>+.FM(7812U&,- P 698 P S,&,/<(*+O;>&b+.&:(*)R6;>SR(743S,( &,;KFR6+.- S,-76EF]fg)3+.- F,+IHB698*6E&,/<6),2U2U&k6<Hw6E/<(M;>&"(*)R6`/<;>= 43SR(76EF P ;U8iAB;U(*){= 69(*)R;KF3-9A3SR(Y+.(Y),2U-i&R;+q=?432U/<(
;>&k(*)R6 4B6981/<6E&J(*25[U6E-Y; P 4,8*6EF3+./<(*+O;>&,-d+.&s(*),6`/<;U8*8*6E/<(:F,+O8*6E/<(*+O;>&]?%D(i+q-a4w;>-1-*+OA3TO6
(7;n-*/92UTO6Y(*)R6WXY,-A32U/*XG(7;`2`-*/92UTO6i+.&GCx),+./1)t2`/<;>=?432581+.-*;>&t/92U&AB6Y= 2UFR6U]
EQ ' % &k(*),+.-M/1),254,(7698b2&R69C FHFHI +.-iA3S,+.T.( P ;U8M6E2U/1)h; P (*)R6t| C06969XKF32Elc-M; P
!K]N% &u/1),254,(769
8 g ;>&R6M&R69(DC;U81X+.-g(7812U+q&R6EF P ;U8x69\U698*l-1SRA3-76EKSR6E&J(gC6969XcF,2lU]
,;U8d(*)R6:&,6<K(aF,2El(*)R6M&R69(DC;U81Xu+.-x(7812U+.&R6EFu25[>2U+.&^BA3SR(x(*)R6:(*+.=?6<yCN+.&3FR;C ),2U= ;\U6EF:;>&R6F,2ElU] fg),+.-Z254,4,8*;>2U/@)M+q&r(78*;cF,S,/<6E-Z/<;>&r(*+q&JS,+.(WlY+.&i(*)R6=?69(*),;KF^CN),+q/1)
+q- 6<K4B6E/<(76EF?(7;dAB64B;>-*+O(*+O\U6CN+O(*):8*6E-*4w6E/<( (7;Y(*+q=?6-76981+O6E-V2U&,2UT.lK-*+q-9]Zfg),6+q=?432U/<(
; P (*),+.-iF3+IHw69816E&,/<6`+.-M6<K4B6E/<(76EFp(7;uAB6n8125(*)R698b-*= 2UT.T ZAB6E/92US,-76m(*)R6n= 2R+.=:S,=
&KS,=MAB698; P 694B;c/1)m(*),25(0(*)R6 F FHI-0+.&n(*),+.-0/1),2543(769825816e(78@2U+.&R6EFm+.-L8@25(*)R698T.258*[U6U]
E *)
ikj7l j
v:un yHu
" f E
('2' '
(' f 2)
Gg
*
G
G !g
gg
G
& | M
| M
U M
U
M
?Zp '
:: " '
) E bp '
M
%'&b(*)R6N&R6<c(V(*25A3TO6E-V(*),6N&JS3=iAB6982U&,Fb4B6981/<6E&J(*25[U6E-L; P /<;U8*8*6E/<(L;U8LCg8*;>&,[e438*6EF,+./<(*+O;>&b; P
+.&,/<816E2U-76i;U8aFR6E/<8*6E2U-76:; P (*)R6:-7(7;K/1X4,81+q/<6i258*6i[>+.\U6E&^]gfg)R6M8*;CN-e+.&,F3+./925(76d(*)R6b2U/<(*S,2UT
F,+O816E/<(*+O;>&,-9U(*)R6g/<;>TqS,= &,- +.&,F3+./925(76(*)R6g2U/9/<;U81F,+.&,[d4,8*6EF,+./<(76EF?F3+O8*6E/<(*+O;>&,-E
] cSRAj-76EJS,6E&r(
;UA3-76981\25(*+O;>&3-LCN)3+./1)n8*6E= 2U+.&,6EF`(*)R6a-*2U=?6 G &R;b+.&,/<8*6E2U-*6UK&R;bFR6E/<8*6E2U-*6 M 25816x[>+O\U6E&G+.&m2
-76943258@25(76Y8*;Ci]
('*' '
FR6E/<8*6E2U-76Y438*6EF,+./<(76EF +.&,/<8*6E2U-*6d4,8*6EF,+./<(76EF
FR6E/<8*6E2U-76
|U| G g M
G * M
&R; /1),2U&,[U6
G | M
! M
+.&,/<8*6E2U-76
r G ! M
G M
G
Zp ' FR6E/<8*6E2U-*6Y4,8*6EF,+q/<(76EF +.&3/<8*6E2U-76d4,8*6EF3+./<(76EF
FR6E/<816E2U-76
!<
M
U |U M
G
&R; /@),2U&R[U6
M
! G M
G
+.&3/<8*6E2U-76
G !g M
U| G U M
G
:: Q ' FR6E/<816E2U-76Y4,8*6EF3+./<(76EF +q&,/<8*6E2U-76d4,816EF,+./<(76EF
FR6E/<8*6E2U-*6
| !! M
5| G | M
G
&R; /@),2U&R[U6
!*
!E| M
+.&,/<816E2U-76
r G G ! M M
G M
G
,x6<K(M(*25A3TO6`-*),;CN-i(*)R6 (7;U(*2UT0&JS,=MAB698Y; P /<;U8*8*6E/<(:2U&,F{CN8*;>&R[t4,8*6EF3+./<(76EF{F,+O816E/<(*+O;>&,2U&,F (*)R6u&KS,=MAw698n; P S,&,FR6<w&R6EF/1)32U&R[U6E-G+.&F,+O816E/<(*+O;>&^] % P 2hF,+O8*6E/<(*+.;>&+.-`F,6<j&R6EF
Cg8*;>&,[?CN)R6E&
!#"
$%'&)(*( +,& (*
(!#"
.-0/
/ P ]i(*)R62'1 ; Um/9+.2UT43 ):FR6<j&3+O(*+O;>& w(*)R6E&"2UT.T4,8*6EF3+./<(*+O;>&,-xCN)R698*6
5G !#"
768/ 258*6M/<;>&3-*+.FR698*6EF S /<;UM 8*8*6E/<(TO]afg)R6M8*6E-*S,T.(*-g; P (*),+q-N254,4,81;>2U/1)s258*6
[>+O\U6E&+q&G(*)R6iT.2U-7(g/<;>TqS,= &^]
/<;U818*6E/<(xF,+.8*6E/<(*+O;>& Cg8*;>&R[ F,+.8*6E/<(*+O;>& S3&,FR6<j&R6EF
('*' '
!! U
M
!E|
M
|U| G g M !g G M
G
G
k '
!E| g M
!!E| M
|U| G g M !E* G M
:: " '
!E| G
M
!! G r M
|U| G g M !<r G U M
G
G
+O[>SR8*6Eh
- K] !(7; K] "-*)R;C(*)R6t;>SR(743S,(*- P ;U8?6E2U/@); P (*)R6t(*)R8*696= 69(*)R;KF3-9]% &6E2U/@)
3[>SR816n(*)R6t2U/<(*S,2UT-*(7;K/1Xh+.-:-*)R;CN&2U-bC6ETqT P ;U8?/<;>=?432581+q-7;>&^]{fg)R6G)R;U81+.o9;>&r(*2UT2R+.-*)R;CN-(*)R6Y| :C06969XKF,2lK-gAw69(DC696E& *!*!n2U&,F*!*!JB2U&,Fm(*)R6a\U698*(*+./92UT^2R+.-*)R;CN-(*)R6i\2UT.S,6E-(*),25(gC0698*6Y4,8*6EF3+./<(76EFGAJlG6E2U/@); P (*)R6YF,+.-1/9S,-*-76EFt=?69(*),;KF,-E]
E *)
^ :
105
100
95
value
90
85
80
75
70
65
60
0
50
100
150
200
day (0 = 01/01/96, 263 = 01/01/97)
250
300
!#"%$'&!
%()! *
Bumping method
110
observed
predicted
105
100
95
value
90
85
80
75
70
65
60
0
50
100
150
200
day (0 = 01/01/96, 263 = 01/01/97)
250
300
V
Balancing method
110
observed
predicted
105
100
95
value
90
85
80
75
70
65
60
0
50
100
150
200
day (0 = 01/01/96, 263 = 01/01/97)
250
300
=!#"=$?&!
%(! !* *
%& $C
1, &
#"
" !#* *
HG"I &J !
LK*
@BA>CBDE
,
1
& * &!$ "
"& <
" $C&!
- $C &!
!* !* NMO !OIP ? & *"
-,
"
4
&(&") "&!>
$ +
G & ( (
%$'&!
A&
%
& "
#"
!*
E *)
^ :
$ ! #
fg)R69816Y258*6i2?&KS,=iAB698; P (*),+.&,[>-(*),25(N/92U&AB6Y+.= 4,8*;\U6EF
2c4w4369256E8@Fm2UT.; TOP6ET(*)R\U6d698@4,-*+O8*;>;U&^[U]8@2U=tRe69]4Bfg6E&,)RF,6a+.4,&R8*[u;U[U;>8@&h2U=(*)R6t/92U&J&GS,Aw=M6dAB-7694B8i69;6EPFR6E4,Ft8*;cS,/<4m6E-*AK-7ln;U81+q-:=?AB436ETO+.6E&R=?[6E&JS3(*-7+.6E&RF^[
(*),6Y4,8*;U[U812U= /92U&AB6d-74B696EFR6EFSR4/<;>&,-1+.FR698125A3T.lU]
-1)R6E;>2US,F,T.+.Fs&R["= F,25XU256 (*2 +O(aP 8*6E;>2U=-*+.692"8d(7F,;25(*S,25-7A36?2U-*F,625(*+.2 &,-7P (78*6E;>2U=vFhF,; P+IHB8*696E8*2U6EF,&r+.(d&R/<[;>=?(*)R4j6E2U= &,+OP6E8*-9;> = P ;U8djTO6<6Uc]p2U= fg43),TO+.6 Cx)R6E&S,-*+q&R[?(*)R6iTO6E2UF,6987y P ;>TqTO;C0698N(76E/@),&,+.KSR6U]fN),+.-/<;>S,T.FAw6YF,;>&R6YAKlm6E=MAB6EFcy
F,6EF
,]
%'/@=?),2U43&RT.[>6E=?+.&,6E[s&r(*-*+q;>&R=?[6G2s43[U258@81252U43=?),69+.(7/9692U81T-b+.&JCx(7+.69T.8T0P 2UF,/<+O8*6 6E/<P ;U(*TO8?l"(*AB)R6G6FRS369-743698E+./<(7CN6EF),69+.8*&6G-7(*;>)R= 66m+.H& [UOj8@S,25436E&,),/<+./n6n;U; 8 P
= ;\c+.&R[?(*SRAB6d[U812543)]
efN),-*+.+.&,-d["=?(*;c)RFR66ETV8*6E6<-*cS34,TO(?8*6E; -*-*P 6E(*-Y),(*6)R6`-7(7;c/@),/*X2U&,4,/<816m+q/<256t(M4,TO;>8*-*6E-iF,+.+./<&"(*+.;>;>&R&6`+.&-1+.&R2 [>TO 6b\5:2U T.SR 6U;]nOfN 6),t+.-a=?\5;c2UFRT.6ESRT 6 ]
-1)R;>S,T.F )R6ETO4 +q&r\U6E-7(*= 6E&r(G/<;>=?432U&,+.6E-n+.& FR6E/9+.F,+q&R["CN)R69(*)R698m(7;+.&r\U6E-*(m+.& 2U&
6E&J(7698*4,8@+.-76;U8G&R;U(9] fg),+q-?+.&,F,+./925(*+.;>&-*)R;>S,TqFAB6A32U-76EF ;>& =?;U8*6 P 2U/<(7;U8@-n; P
+qH& OjSR6E&,/<6d(*)32U&;>&,TOlG(*)R6M-7(7;K/1X4,81+q/<6U^] R;U8e6<R2U=?43TO6Uj(*)R6Y;\U698@2UT.T6E/<;>&,;>=il; P
(*),6Y/<;>S,&r(781lm-*),;>S,T.FnAw6d/<;>&,-1+.FR698*6EF^R2U-C06ET.TB2U-(*)R6d438*69\K+.;>S,-04,8*;53(0;U8NTO;>-*-; P
(*),6Y6<c2U=`+.&R6EFG6E&J(7698*4,81+.-*6U]
,F3;U25881F (*)RF 6aFH4,I 8*;U-7A3696ETO6E=?= 6EF; P (7-7;"(7;c4B/*69Xn8 P 4,;U8181+.= /<6e[U4,;J8*;c6EFF3+./<6E(*&R+O;>;>& SR[>;>)&G]{2bfg-*),)R+.;U-:81(+.-:(769(*81)R= 6G8*A36E2U2U-1-7+.;>-9K&(*)R(*),6d25-7(b(*2UC0&c6 y
F3+.Fk&R;U(M4,8*;U[U812U= ;U8b8*6E-76E2581/@)h(*)R6`;U(*)R698b;U4,(*+.;>&,-9]t% P V)R;C69\U698EL(*)R6`8*6E-1S,TO(*; P (*)R6?4,816EF,+./<(*+O;>&s(*SR8@&u;>S,(Y(7;tAB6 S,&,-*25(*+.- P 2U/<(7;U8*lUZ-7;>=?6?; P (*)R6 2UTO(76981&325(*+O\U6E438*;U4B;>-76EFt+.&t/1)3254,(7698e|?/<;>S3T.FtAB6a(781+O6EF^]
:
QS
Q
] _\3W
X[`[`[U`
j7lj>l
>rqy/@7s~u
C ^ Z
E
?
?
?
? &
?
?
?
?
?
?
?B
G ) ' '
fg)R6 P ;>T.TO;CN+.&R[b;U4,(*+.;>&,-258*6i= 2U&3F,25(7;U8*lw
? - ) AK l (*)R6E@+.8e /< ;U8*81_a6E&,-74B6V;>j&,TOF,6E&,+.&R2U[ = F,6 6EP T.;>2ET.lcT.;-aC02U6E&,FYFuAK-*lY69432g25FR816E25T.(726ElUF;UAJ8 lu2g/<T.;>+q-7= (^;= P H2 jT TO-96E]a&,fg2U= )R6E6E-7- 6bP ;>25Tq8*TO6:;C0(*6E)RF 6
wTO6E-;>&tCN)3+./1)G(*)R6M&R69(WC0;U8*XGCN+.T.TjAB6d(7812U+.&R6EF G (*)R6YTO6E2581&GwTO6E- M ]
? - ) CN 81+O (7(7;6E&^@ ] fg)R6awTO6E&,2U=?6d; P (*)R6dwTO6a(7;`CN),+q/1)G(*)R6Y438*6EF,+./<(76EFt\52UT.SR6E-N-*)R;>S,T.FGAB6
? - ) AKl (*)R;6E@+.8e /<;U8*81_d6E-7&R4B6 ;>j&,TOF,6E+.&,&R2U[ = F,6 6EP T.;>2ET.lcT.;-aC02U6E&,FdFuAJ-*la69432g25FR816E25Tq(72E6ElUF;UAJ8lu2g/<T.;>+.-*= (j= ; P H2 jT -9TO6E]a&3fg2U=?)R6E6E-7- 6bP ;>25Tq8*TO6:;C0(*6E)RF 6
wTO6E-e;>&uCx),+./1)u(*)R6?&R69(DC;U8*XuCN+.T.TAB6M(76E-7(76EF]ifg)R6b&JS3=iAB698e; P (76E-7(ajTO6E-e=:S,-7(
AB6t6EKS,2UT(7;p(*)R6&JS3=iAB698 ; P TO6E2581&wTO6E-9]fg)R69l=:S,-7( AB6t4,8*6E-*6E&r(76EF(7;p(*)R6
438*;U[U812U=+.&G(*),6i-*2U=?6Y;U8@FR698N2U&,Ft=:S,-7(N)32E\U6Y(*)R6M-*2U=?6iFR6ETq2ElU]
j7lj>
|y/C
{ ^7v
&(* 6 (
* ( * 6 " /
3/6 " /
//
/
0/
6 "
3& &868/%$ /
"
& *;* & A
6 /
,6 /%$ "
/ ,6 / $
( * 68/
,+*/
6
"
+ * ( * 68
/%$ /+"
++ ( * 6 /%$ / "
* #0/ ,+ .6 / $ /
//+"
/
.6 1324.5366"
& ( ,6 & ( $ 8/
# # +
6 505
6 - .1324.5#66"
C ^ Z
E
y6 - 69(*2 @
yW2 - 2UT P 2 @
yW- - S,&3+O(*- @
y - -*2U= 43TO6 @
yWS - = +q& @
y - = 2 @
yW= - \52UT @
yWT - P &,2U=?6 @ dF
y; - P &,2U=?6 @
yW& - P &,2U=?6 @
y( - P &,2U=?6 @ dF
fg)R6XT};U4,(*+O;>&3-T36ET.Fb=MS3-7(V/<;>&r(*2U+.&?2e\52UT.SR6U] ,N6<c(V(*25A3TO64,81;\c+.FR6E-(*)R64B;>-*-*+OA3T.6L\52UT.SR6EP ;U8Y(*)R6 T};U4,(*+O;>&,Y- TB36ET.F^^(7;U[U69(*)R698MCN+O(*)s(*)R6E+.8a= 6E2U&,+.&R[>-9]bfZ;[U69(i2t/<;>=MA3+.&,25(*+O;>&s; P
(*)R6E-76i;U4,(*+O;>&,-9R;>&,6Y),2U-g(7;`2UF3FG(*)R6Y\52UT.SR6E- P ;U8g(*)R6YFR6E-1+O8*6EFG;U4,(*+O;>&3-9]
\2UT.S,6 =?6E2U&3+.&R[
| L81+.&J(g(*)R6i4B698 P ;U81= 2U&3/<6i; P (*)R6:&R69(WC0;U8*X2 P (7698a69\U698*l(76E&uA32U/*XJy4,8*;U4325[>25(*+.;>&
/<lc/9TO6E-9] y4
L81+.&J(0(*),G 6i+.M&,+O(*+q2UT34B698 P ;U81= 2U&,/<6d; P (*)R6i&,69(WC0;U8*Xj] G yW+ M
g L81+.&J(d(*)R6?j&,2UT 4B698 P ;U81= 2U&3/<6?; P (*)R6`&R69(DC;U8*Xs;>&k(*)R6`TO6E2581&3+.&R[-769(i2U&3F";>&
(*)R6d(76E-*(N-769(9] G y P M
U| L81+.&J(0(*),
6 Ny(*+.=?6d(*)325(g(*)R6d4,8*;U[U8@2U=S,-76EF^] G yWf M
!E| g
S,&G(*)R6d4,8*;U[U8@2U= -*+.T.6E&r(*TOl &R;`=?6E-*-125[U6E-NF,SR8@+.&R[:(7812U+.&,+.&,[ M ] G yW M
|U L81+.&J(2UTqTB4,8*;U[U812U=\52581+.25AjTO6EG-CN+O(*)G;U4,(*+.;>&^] G y M
!E| S,&t2 -*+.=:S,T.25(*+.;>&n; P (*)R6YTq2U-7(lU6E258E] yl M
G
: )
R;U8Y(*),6b-*(*2U&,F,2581Fs(76E/@),&,+.KSR6bC6?&R696EFs;>&3TOl;>&R6:jT.6 P ;U8d(*)R6 TO6E2581&3+.&R[n-*69(Y2U&,Fs;>&R6
jTO6 P ;U8L(*),6g(76E-7(*+.&R[M-769(9]fg)R6jT.6E&,2U=?6E-; P (*)R6xF,25(*2i-769(*-),2E\U6x(7;iAB6 P ;>T.TO;C06EF AKl T WT
2U&,Fu2`FR6ET.2lU]gfg)R6:FR6ET.2Elt+.-N(*)R6M&KS,=MAB698g; P F,2Elc-xAw69(DC696E&u6E2U/1)s+.&,43SR(\52UT.SR6i+.&(*)R6
-*2U=?4jTO6E-9] ,;U8i6<R2U=?43TO6U + P (*)R6`FR6ET.2l"+.-d;>&R6U(*)R6E&k-1SRA3-76EKSR6E&J(YF,2Elc-YCN+qT.TAw6nS,-76EF
P ;U8x/<;>&,-7(78@S,/<(*+.&R[ (*),6i+.&R43S,(\U6E/<(7;U8E]%D(x+.-N+.= 4w;U81(*2U&r((*),25(x(*)R6MF,6ET.2ElG; P (*)R6i(76E-*(*+.&R[
-769(g6EKS,2UT.-g(*)R6YFR6ET.2lm; P (*)R6iT.6E2581&,+.&R[b-769(9]
&{6<R2U=?43TO6 ; P 2A325(*/1)kjTO6 Cx),+./1)k/<;>&r(*2U+.&3-Y(*)R6n;U4,(*+O;>&,- P ;U8:(*)R6`-7(*2U&,F32581F{(76E/@)cy
&,+.KSR6U
/
( *
,+*/
+ * ( *
++ ( *
* #0/ +
/
& (
# # +
&(* 6 (
* ( * 6 " /
3/6 " /
//
/
0/
6 "
3& &868/%$ /
"
& *;* & A
6 /
,6 /%$ "
/ ,6 / $
( * 68/
C
,+*/
6
"
+ *( * 68
/%$ /+"
++( * 6 /%$ / "
* #0/ ,+ .6 / $ /
//+"
/
.6 1324.5366"
& ( ,6 & ( $ 8/
# # +
6 505
6 - .1324.5#66"
R;U80(*)R6xT.6E2UFR698 P ;>T.TO;C06980(76E/1),&,+qJSR6NC6e&R696EF`=:S,TO(*+O4jTO6jTO6E- P ;U80(*)R6NTO6E2581&3+.&R[Y-769(2U&,F
=:S,TO(*+O43T.6ijT.6 P ;U8Y(*)R6`(76E-7(*+.&R[-769(9]`% P (*)R6 TO6E2UFR698A P ;>T.T.;C0698Y(76E/1),&3+.JS,6 +.-dS,-76EF^(*)R6E&
(*)R6N381-7(VwTO6; P (*)R6xTq+.-7(+.-/<;>&3-*+.FR698*6EF`(7;iAB6g(*)R6x;>&R6g(*),25(),2U-L(7;iAB6g4,8*6EF3+./<(76EF^] fg)R6
jTO6E&32U=?6E-d; P (*)R6`F,25(*2u-769(*-:),2E\U6n(7;AB6 P ;>TqTO;C06EF{AKl T 9TZ2U&,F{2FR6ET.2ElU]Gfg)R6nFR6ET.2El
(*),25(a+.-N+q&,F,+./925(76EFu+.-g(*)R6 P ;>S,&,F&KS,=MAB698N; P F,2lK-eAB69(WC0696E&s2U&u+.&3/<8*6E2U-76 FR6E/<8*6E2U-*6:; P
2?TO6E2UFR698g2U&3FG(*)R6a8*6E2U/<(*+O;>&t; P (*)R6 P ;>TqTO;C0698E]V% (g+.-+.=?4B;U8*(*2U&J((*)325((*)R6YFR6ET.2lK-; P (*)R6
(76E-7(*+.&,[ -769(*-g6EKS,2UT^(*)R6MFR6ET.2Elc-; P (*)R6iTO6E258@&,+.&R[?-769(*- P ;U8g6E2U/@)tjT.6U]
&"6<c2U= 43TO6?; P 2tA325(*/@)"jTO6?Cx),+./1)"/<;>&J(*2U+.&,-i(*)R6 ;U4,(*+.;>&,- P ;U8Y(*)R6`TO6E2UF,698 P ;>TqTO;C0698
(76E/1)3&,+.KSR6U
Q H)7 )
&(* 6 (
* ( * 6 " /
3/6 " /
//
/
0/
6 "
3& &868/%$ /
"
& *;* & A
6 /
,6 " $ /
/ ,6 / $
( * 68/
,+*/
6
(/
+ * ( * 68
/%$ /+"
++ ( * 6 /%$ / "
* #0/ ,+ .6 / $ /
//+"
/
.6 1.24:5#66+" 51.6 " 6
51.66" 501.6
6+" 51.6 (6"
5 0136 "6" 5 0136 6 50136
60 501.66"
& ( ,6 & ( $ 8/
# # +
6 505
6 - .1324.5#66" - :5 0136 "6
- '5 0136 6
" - .5 1:6 6+"
- :5 0136 (
6
- :5 1.6 "6+" - :5 #136 6
- . 5 136
60 - '5 1.6 6"
Q \^]\ k ]
gf )R6i4,8*;U[U812U=)32U-g(7;`AB6Y/92UT.T.6EF P 8*;>=(*)R6iF3+O8*6E/<(7;U8*lGCN)R69816Y2UT.TBjTO6E-E,CN),+./@)/<;>&J(*2U+.&
(*)R6mF,25(*2u-*69(*-9 8*6E-*+.FR6U]2U/1)T.+.&,6?; P (*)R6mF325(*2-769(b=MS3-7(M/<;>&J(*2U+.&h2uF,25(76nAB69(WC0696E&
KSR;U(*25(*+O;>&"= 258*Xc-9 P ;>T.TO;C06EFsAKlu2m\2UTqSR6M;U8 1 G ;U( 1 \52U+.T.25A3T.6 M ]Yfg)R6bF,25(76 2U&,F(*)R6
C ^ Z
E
\52UT.SR6g258*6N-*6943258125(76EF?AKl?2d/<;>= = 2cc2U&,Fb;>&,TOl:;>&R6gF,2l:4B698T.+q&R6+.-2UT.TO;C6EF]fg),6gF,25(76
),2U-0(*)R6 P ;>TqTO;CN+q&R[ P ;U81= 25(9 3UF,F = = lKl 3M;U8 3UF,FcyW= =?ylJl 3c]Vfg),25(+.-9J(WC0;?4w;>-1+O(*+O;>&,P ;U8d(*)R6?F,2ElU(DC;t4B;>-*+.(*+O;>&,- P ;U8d(*)R6?=?;>&J(*)^2U&,F(DC;t4B;>-*+O(*+.;>&,- P ;U8d(*)R6blU6E258E]:fg)R6
\52UT.SR6a= 2El`/<;>&J(*2U+.&t2M4B;>+.&r(9KA3SR(0&R69\U698g2:/<;>= = 2c]Lfg),6N4,8*;U[U8@2U= F,6E= 2U&,F,-(*),25(2UT.T
T.+.&,6E-L/<;>&J(*2U+.&t-*SRA3-*6EJSR6E&J(F325(76E-9c6<c/<694,( P ;U8(*)R6aC6969XU6E&,F3-Cx),+./1)m= 2l`AB6x-7Xc+O4,4B6EF^]
fg),+q-=?6E2U&,-(*),25(N6E2U/1)Tq+.&R6d),2U-(*)R6 P ;>T.T.;CN+.&,[ P ;U81= 25(9
+#+ (*),+.-F,2*l T -N\2UTqSR6 fg)R6YF,25(76i2U&3Ft\2UTqSR6a; P (*),6i+.&,FR6<
,+#+ (*),+.-F,2*l T -N\2UTqSR6 fg)R6YF,25(76i2U&3Ft\2UTqSR6a; P (*),6i+.&,FR6<
fg)R6uF,25(*2p-*69(m= 2lAB64,8*6E/<6EF,6EFAKl2U&rl P ;U81=; P /<;>= =?6E&J(9N4,8*;\K+qFR6EF(*),25(m(*)R6
-76E/<;>&,F4w;>-1+O(*+O;>&G; P (*)R6iT.+.&,6a+q-&R;U(N2 &KS,=MAw698]
fg)R6MF,25(*2 -769(*-e/92U&AB6Y8*69(78@+O69\U6EF P 8*;>=(*),6 Ra25(*2 K(78*6E2U=4,8*;\K+.F,698E] I} B6E-76E2581/@)
),2U-02MF3+.-*)`2U&J(76E&,&,2MCN),+q/1) 438*;\c+.FR6E-L8*6E2UTIy(*+.=?6aF,25(*2cc(*),25( P ;U8-76E/9SR8@+O(Wl?8*6E2U-*;>&,-9R258*6
4,8*6E-*6E&r(76EF P ;U8(76E-7(43SR8*4B;>-76E-CN+O(*)m2bFR6ET.2l`; P !E:= +q&JSR(76E-E] fN)R6 P ;U81= 25(; P (*)R6dF,25(*2
-769(*-MCN),+./@)k258*6n4,8*;\K+.F,6EF"AJl Ra25(*2 K(78*6E2U= +q-i254,4,81;U4,81+.25(76 P ;U8M;>S,8i4,8*;U[U8@2U=t]tfg)R6
F,25(*2 -*69(*-g4,8*;\K+qFR6EFGAJl Ra25(*2 K(78*6E2U=),2E\U6M(*)R6 P ;>T.TO;Cx+.&R[ P ;U8@= 25(9
,++
&,2U=?6d; P 6E&J(7698*4,81+q-76 R;U8x8*6E/<;U[>&,+OoE+q&R[?(*)R6Y/<;>=?432U&Jl
/<;cFR6 P ;U8g6E&r(769814,81+.-76 fg),6Y/<;KFR6 P ;U8g8*69(78@+O69\K+q&R[?(*)R6YF,25(*2
&
/9SR8*816E&,/<l
fg),6Y/9SR8*8*6E&,/<ln; P (*)R6d\2UTqSR6E
(
0
+
+
*
(
,
)
.
+
3
F
E
2
l
T
g
5
\
U
2
.
T
R
S
6
fg),6YF,25(76i2U&,FG\52UT.SR6d; P (*)R6Y+.&3FR6<
fg)R6awTO6E-CN),+./@)t258*6Y4,81;\c+.FR6EFGAKl aR 25(*2K(78*6E2U=),2\U6i(*)R6 P ;>T.TO;CN+.&R[ P ;U81= 25(9
+
0- $
& " " 0"
(
5
/ +" 01
/ " / +" 01
/3( / +" ( %$
"
/0" / +" (
%$ #(
/ / +" ( %$
/
/ +" ( %$ 3(
/ / +" ( %$ /#(
"
" / +" ( %$ "
" / +" ( %$
"
" / +" ( %$ (
" ( / +" (
%$ (0(
" " / +" (
%$ #(
0
z ! ~ ,]cN698*(7oU ]
Y8*;U[>)^>2U&,F ]
:] 2UT.=?698E] 5Y3M7. ;5 5VE4595 V
5ML 1 H ;53] F,F,+.-*;>&cy "6E-*TO69lU !!5]
z}|~:fY] cx6E-7XU6E-9]w2UT.2U&,/9+.&R[aAB69(WC0696E&?A325[U[>+q&R[d2U&,FbA3S,=?4j+.&R[R]K% &ap]Ha;Uo9698Eak]>;U87y
F32U&^^2U&,Fsfd] Z69(*-1/1)R6U6EF3+O(7;U81-9 03 . 6[E 5:Lh 5 =5Y. 6 6 QJ
6A7 LW65 2U=iA,8@+.FR[U6U !K] au%'f 8*6E-1-9]
z ~:fYq] cN6E-7XU6E-E] L812U/<(*+./92UTg/<;>&RjFR6E&,/<62U&,F438*6EF,+./<(*+O;>&+.&J(7698*\52UT.-9]h% & ap] >;U81F,2U&
apd] au;Uo96982U&,Fbfd] 69(*-*/@)R6Ur6EF,+.(7;U81-9 3 *. 6 V6 5 Lh ;5!t 5 . 6:6:
EQJ V6 7LW65
2U=MA,81+qFR[U6U !K] au% f 8*6E-*-E]
z 5~ ] cN;K69XK-*(7812c ap] "]
d812U2U+ '\U6ET.F R:]5FR6 +.F,F,698E2U&3F d] 0] c/1),=`+.FR(9#] 5MLW
1 7 %$'&)(+*,-.-&)(N] Re6ET P ( x&3+O\U6981-*+O(Dls; P f6E/@),&R;>TO;U[UlUfg),6 ,N69(*),6987y
Tq2U&,F,-9 !K]
z}~
] % \525XK),&,6E&RXU;R] ;>TOlc&R;>= +.2UTB(*)R69;U81lm; P /<;>=?43T.6<t-*lK-7(76E=`-9]%'/& )0%0%01f676:
". 576 5 V6 7 LW6 32*3 =A ;.654 2 <7698;: =<?>@87A<7BDC>]w_a/<(7;UAB698
!!5]
z [~ a] U;>&R[U6E&R696ETE] ,x6ESR812UTO6 &R69(DC6981XU6E&k\U6981-1T.2U2U&k)R69(dA38*6E+.&s\52U&kFR6?AB6ESR81-12U&,2UT.+.-7(9]
EGF(5 6 : B|?&R;\U6E=MAB69V8 !K]
z ~ apH]
d6E&3F,2UT.TB2U&,/F ,I]
?]j_e81F^] Lb 6A 6@]LFRC2581F 81&R;>T.F^ !*c]
z g~ apd] cM] e2U=?698@-9] aS,TO(*+q-*/92UTO6+.= 25[U6N-*69[>=?6E&r(*25(*+.;>& CN+O(*) P 696EF P ;U8*C2581F &R6ESR8@2UTR&R69('y
C0;U8*Xc-9q] a2U-7(769Y8 T -x(*)R6E-*+.-9 x(78*6E/@)r( x&,+.\U6981-*+O(DlUj_a/<(7;UAB69z8 !K]
z ~ b]U_e;>-*(7698*;>=t]cfg+.=?60-76981+O6E-Z4,8*6EF,+q/<(*+O;>&iS,-1+.&R[N-*+q=?43TO6V8*6E/9S,8*8*6E&J(Z&R69(DC;U8*Xc-9] a2U-'y
(7698 T -g(*)R6E-*+q-9 N(78*6E/@)r( x&3+O\U6981-*+O(DlU SR[>S,-7( !R]
z !*~ d] cM] 8*6E-1-9
w] ]>f6ESRXU;>Tq-7XJlU ] fd"] JV69(7(7698@T.+.&R[R,J2U&,F?e] Z]Tq2U&,&R698*lU] HLbA
.=K$34. 1 6R '.JAD5 .: LG. 5ML 1 EQJ>q
] 2U=iA,8@+.FR[U6 x&,+.\U6981-*+O(Dl
L8*6E-*-9 !U|K]
z !! ~ J:] 25;t2U&,F ci] 25;R] NM=M V ;8D5 6h*3PO Q5QRS& 54JH;.E] a% w 816E-*-9
!UK]
z !E| ~ ,]^\2U&kFR69T8 JaT.SR[U(9]`fg),6?[U8*;>SR4k=?69(*),;KFs; P -7(7;c/*Xs4,81+q/<6?4,8*6EF,+./<(*+.;>&^[] au2U-7(7698 T (*),6E-*+.-9( Re6ET P (gf6E/@),&,+./92UT x&,+.\U6981-*+O(DlU2 Re6E/<6E=iAB69V8 !R]
z !~ ] R:] {2U-*-*6981= 2U&^] 03 *. 3!2 EH5Y3V6EU 5 L 1 EQJUV] J2U& ,N;>-7(78@2U&,F
6E+.&,)R;>TqF^ !K]
!
C ^ Z
E