rt t rs - - PowerPoint PPT Presentation

r t t
SMART_READER_LITE
LIVE PREVIEW

rt t rs - - PowerPoint PPT Presentation

tt s rrr sss sr rt t rs sttt


slide-1
SLIDE 1

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t

▼❛r❦✉s ❘❛❛❜

■♥st✐t✉t❡ ♦❢ ■♥❢♦r♠❛t✐♦♥ ❙②st❡♠s ❊♥❣✐♥❡❡r✐♥❣✱ ❚❯ ❲✐❡♥

✶✷✳✵✻✳✷✵✶✾ ❚❤✐s ✇♦r❦ ✐s ❧✐❝❡♥s❡❞ ✉♥❞❡r ❛ ❈r❡❛t✐✈❡ ❈♦♠♠♦♥s ✏❆ttr✐❜✉t✐♦♥✲❙❤❛r❡❆❧✐❦❡ ✹✳✵ ■♥t❡r♥❛t✐♦♥❛❧✑ ❧✐❝❡♥s❡✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✴✺✵

slide-2
SLIDE 2

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

▲❡❝t✉r❡ ✐s ❡✈❡r② ✇❡❡❦ ❲❡❞♥❡s❞❛② ✵✾✿✵✵ ✲ ✶✶✿✵✵✳ ✵✻✳✵✸✳✷✵✶✾✿ t♦♣✐❝✱ t❡❛♠s ✶✸✳✵✸✳✷✵✶✾✿ ❚■❙❙ r❡❣✐str❛t✐♦♥✱ ✐♥✐t✐❛❧ P❘ ✷✵✳✵✸✳✷✵✶✾✿ ♦t❤❡r r❡❣✐str❛t✐♦♥s✱ ❣✉❡st ❧❡❝t✉r❡ ✷✼✳✵✸✳✷✵✶✾✿ P❘ ❢♦r ✜rst ✐ss✉❡ ❞♦♥❡✱ s❡❝♦♥❞ st❛rt❡❞ ✵✸✳✵✹✳✷✵✶✾✿ ✜rst ✐ss✉❡ ❞♦♥❡✱ P❘ ❢♦r s❡❝♦♥❞ ✶✵✳✵✹✳✷✵✶✾✿ ♠✐❞✲t❡r♠ s✉❜♠✐ss✐♦♥ ♦❢ ❡①❡r❝✐s❡s ✵✽✳✵✺✳✷✵✶✾✿ ❞✐✛❡r❡♥t ❧♦❝❛t✐♦♥✿ ❈♦♠♣❧❛♥❣ ▲✐❜❛r② ✶✺✳✵✺✳✷✵✶✾✿ ✷✷✳✵✺✳✷✵✶✾✿ ❛❧❧ ✺ ✐ss✉❡s ❞♦♥❡ ✷✾✳✵✺✳✷✵✶✾✿ ✵✺✳✵✻✳✷✵✶✾✿ ✜♥❛❧ s✉❜♠✐ss✐♦♥ ♦❢ ❡①❡r❝✐s❡s ✶✷✳✵✻✳✷✵✶✾✿ ✶✾✳✵✻✳✷✵✶✾✿ ❧❛st ❝♦rr❡❝t✐♦♥s ♦❢ ❡①❡r❝✐s❡s ❛♥❞ r❡❣✐st❡r ❢♦r ❡①❛♠ ✷✻✳✵✻✳✷✵✶✾✿ ❡①❛♠

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✴✺✵

slide-3
SLIDE 3

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❚❛s❦s

❚❛s❦ ♣❡rs♦♥❛❧ ❢❡❡❞❜❛❝❦ ❛❜♦✉t ♠❡ ✐♥ ❚■❙❙ ❙t✐♠♠✉♥❣s③❡tt❡❧ ✭❛♥♦♥②♠✮ ♦r ❜② ❡♠❛✐❧ ✭♠❛r❦✉s✳r❛❛❜❅❝♦♠♣❧❛♥❣✳t✉✇✐❡♥✳❛❝✳❛t✮✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✴✺✵

slide-4
SLIDE 4

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

P♦♣✉❧❛r ❚♦♣✐❝s

✶✹ t♦♦❧s ✾ t❡st❛❜✐❧✐t② ✾ ❝♦❞❡✲❣❡♥❡r❛t✐♦♥ ✼ ❝♦♥t❡①t✲❛✇❛r❡♥❡ss ✻ s♣❡❝✐✜❝❛t✐♦♥ ✻ ♠✐s❝♦♥✜❣✉r❛t✐♦♥ ✻ ❝♦♠♣❧❡①✐t② r❡❞✉❝t✐♦♥ ✺ ✈❛❧✐❞❛t✐♦♥ ✺ ♣♦✐♥ts ✐♥ t✐♠❡ ✺ ❡rr♦r ♠❡ss❛❣❡s ✺ ❛✉t♦✲❞❡t❡❝t✐♦♥ ✹ ✉s❡r ✐♥t❡r❢❛❝❡ ✹ ✐♥tr♦s♣❡❝t✐♦♥ ✹ ❞❡s✐❣♥ ✹ ❝❛s❝❛❞✐♥❣ ✹ ❛r❝❤✐t❡❝t✉r❡ ♦❢ ❛❝❝❡ss ✸ ❝♦♥✜❣✉r❛t✐♦♥ s♦✉r❝❡s ✸ ❝♦♥✜❣✲❧❡ss s②st❡♠s ✷ s❡❝✉r❡ ❝♦♥❢ ✷ ❛r❝❤✐t❡❝t✉r❛❧ ❞❡❝✐s✐♦♥s ✶ ♣✉s❤ ✈s✳ ♣✉❧❧ ✶ ✐♥❢r❛str✉❝t✉r❡ ❛s ❝♦❞❡ ✶ ❢✉❧❧ ✈s✳ ♣❛rt✐❛❧ ✶ ❝♦♥✈❡♥t✐♦♥ ♦✈❡r ❝♦♥❢ ✶ ❈■✴❈❉ ✵ ❞♦❝✉♠❡♥t❛t✐♦♥

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✴✺✵

slide-5
SLIDE 5

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

▲❡❛r♥✐♥❣ ❖✉t❝♦♠❡s

❙t✉❞❡♥ts ✇✐❧❧ ❜❡ ❛❜❧❡ t♦ ❝♦♥♥❡❝t ♥❡❡❞s ♦❢ ❈▼ t♦♦❧s ✇✐t❤ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s✳ r❡♠❡♠❜❡r ❞✐✛❡r❡♥❝❡s ❜❡t✇❡❡♥ ❞✐✛❡r❡♥t ❈▼ ❧❛♥❣✉❛❣❡s✳ ❝♦♥t❡①t✉❛❧✐③❡ ❈▼ ❧❛♥❣✉❛❣❡s ✇✐t❤ t❤❡ ✈✐❡✇ ♣♦✐♥t ♦❢ ❛❞♠✐♥✐str❛t♦rs✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✺✴✺✵

slide-6
SLIDE 6

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❘❡❝❛♣✐t✉❧❛t✐♦♥

❘❡❝❛♣✐t✉❧❛t✐♦♥

❈▼ ❧❛♥❣✉❛❣❡s

❊rr♦r ▼❡ss❛❣❡s

❯s❡r ❱✐❡✇

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✻✴✺✵

slide-7
SLIDE 7

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❚②♣❡s ♦❢ ❙♣❡❝✐✜❝❛t✐♦♥s ✭❘❡❝❛♣✐t✉❧❛t✐♦♥✮

configuration specifications context specifications access specifications validation specifications default value calculations transformation specifications

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✼✴✺✵

slide-8
SLIDE 8

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥✜❣✉r❛t✐♦♥ ❙♣❡❝✐✜❝❛t✐♦♥ ✭P❛rt❧② ❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❍♦✇ ❝❛♥ ✇❡ ❝♦♠❜✐♥❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s ❛♥❞ ❝♦♥✜❣✉r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t❄ ✭❚❤✐♥❦✱ P❛✐r✱ ❙❤❛r❡✮ ❈♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ❛r❡ s✐♠♣❧② ❛♥ ✐♥st❛♥t✐❛t✐♦♥ ♦❢ t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s✳ ❈♦❞❡ ❞❡s❝r✐❜✐♥❣ t❤❡ ✐♥st❛♥t✐❛t✐♦♥ ✐s ❈▼ ❝♦❞❡✳ ❈♦♥✜❣✉r❛t✐♦♥ ❞❡s✐❣♥ ✐s ❡①♣❧✐❝✐t ✭❧✐❦❡ tr❛♥s❢♦r♠❛t✐♦♥s ❛♥❞ ❞❡❢❛✉❧t ✈❛❧✉❡s✮ ❛♥❞ ❝❛♥ ❤❡❧♣ ✇❤✐❧❡ ✇r✐t✐♥❣ ❈▼ ❝♦❞❡✳ ❈▼ ❝♦❞❡ ❝❛♥ ❡✈❡♥ ❜❡ ❣❡♥❡r❛t❡❞ ❢r♦♠ t❤❡ s♣❡❝✐✜❝❛t✐♦♥✳ ❆❝❝❡ss s♣❡❝✐✜❝❛t✐♦♥s ♠❛❦❡ ❛❝❝❡ss tr✐✈✐❛❧ ✈✐❛ ✉♥✐❢♦r♠ ✐♥t❡r❢❛❝❡✳ ❱✐s✐❜✐❧✐t② ❛♥❞ s✐♠✐❧❛r t❡❝❤♥✐q✉❡s ♠❛② ❤❡❧♣ ❞❡❛❧✐♥❣ ✇✐t❤ ❝♦♠♣❧❡①✐t②✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✽✴✺✵

slide-9
SLIDE 9

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥✜❣✉r❛t✐♦♥ ❙♣❡❝✐✜❝❛t✐♦♥ ✭P❛rt❧② ❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❍♦✇ ❝❛♥ ✇❡ ❝♦♠❜✐♥❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s ❛♥❞ ❝♦♥✜❣✉r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t❄ ✭❚❤✐♥❦✱ P❛✐r✱ ❙❤❛r❡✮ ❈♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ❛r❡ s✐♠♣❧② ❛♥ ✐♥st❛♥t✐❛t✐♦♥ ♦❢ t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s✳ ❈♦❞❡ ❞❡s❝r✐❜✐♥❣ t❤❡ ✐♥st❛♥t✐❛t✐♦♥ ✐s ❈▼ ❝♦❞❡✳ ❈♦♥✜❣✉r❛t✐♦♥ ❞❡s✐❣♥ ✐s ❡①♣❧✐❝✐t ✭❧✐❦❡ tr❛♥s❢♦r♠❛t✐♦♥s ❛♥❞ ❞❡❢❛✉❧t ✈❛❧✉❡s✮ ❛♥❞ ❝❛♥ ❤❡❧♣ ✇❤✐❧❡ ✇r✐t✐♥❣ ❈▼ ❝♦❞❡✳ ❈▼ ❝♦❞❡ ❝❛♥ ❡✈❡♥ ❜❡ ❣❡♥❡r❛t❡❞ ❢r♦♠ t❤❡ s♣❡❝✐✜❝❛t✐♦♥✳ ❆❝❝❡ss s♣❡❝✐✜❝❛t✐♦♥s ♠❛❦❡ ❛❝❝❡ss tr✐✈✐❛❧ ✈✐❛ ✉♥✐❢♦r♠ ✐♥t❡r❢❛❝❡✳ ❱✐s✐❜✐❧✐t② ❛♥❞ s✐♠✐❧❛r t❡❝❤♥✐q✉❡s ♠❛② ❤❡❧♣ ❞❡❛❧✐♥❣ ✇✐t❤ ❝♦♠♣❧❡①✐t②✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✽✴✺✵

slide-10
SLIDE 10

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥✜❣✉r❛t✐♦♥ ❙♣❡❝✐✜❝❛t✐♦♥ ✭P❛rt❧② ❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❍♦✇ ❝❛♥ ✇❡ ❝♦♠❜✐♥❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s ❛♥❞ ❝♦♥✜❣✉r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t❄ ✭❚❤✐♥❦✱ P❛✐r✱ ❙❤❛r❡✮ ❈♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ❛r❡ s✐♠♣❧② ❛♥ ✐♥st❛♥t✐❛t✐♦♥ ♦❢ t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s✳ ❈♦❞❡ ❞❡s❝r✐❜✐♥❣ t❤❡ ✐♥st❛♥t✐❛t✐♦♥ ✐s ❈▼ ❝♦❞❡✳ ❈♦♥✜❣✉r❛t✐♦♥ ❞❡s✐❣♥ ✐s ❡①♣❧✐❝✐t ✭❧✐❦❡ tr❛♥s❢♦r♠❛t✐♦♥s ❛♥❞ ❞❡❢❛✉❧t ✈❛❧✉❡s✮ ❛♥❞ ❝❛♥ ❤❡❧♣ ✇❤✐❧❡ ✇r✐t✐♥❣ ❈▼ ❝♦❞❡✳ ❈▼ ❝♦❞❡ ❝❛♥ ❡✈❡♥ ❜❡ ❣❡♥❡r❛t❡❞ ❢r♦♠ t❤❡ s♣❡❝✐✜❝❛t✐♦♥✳ ❆❝❝❡ss s♣❡❝✐✜❝❛t✐♦♥s ♠❛❦❡ ❛❝❝❡ss tr✐✈✐❛❧ ✈✐❛ ✉♥✐❢♦r♠ ✐♥t❡r❢❛❝❡✳ ❱✐s✐❜✐❧✐t② ❛♥❞ s✐♠✐❧❛r t❡❝❤♥✐q✉❡s ♠❛② ❤❡❧♣ ❞❡❛❧✐♥❣ ✇✐t❤ ❝♦♠♣❧❡①✐t②✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✽✴✺✵

slide-11
SLIDE 11

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥✜❣✉r❛t✐♦♥ ❙♣❡❝✐✜❝❛t✐♦♥ ✭P❛rt❧② ❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❍♦✇ ❝❛♥ ✇❡ ❝♦♠❜✐♥❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s ❛♥❞ ❝♦♥✜❣✉r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t❄ ✭❚❤✐♥❦✱ P❛✐r✱ ❙❤❛r❡✮ ❈♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ❛r❡ s✐♠♣❧② ❛♥ ✐♥st❛♥t✐❛t✐♦♥ ♦❢ t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s✳ ❈♦❞❡ ❞❡s❝r✐❜✐♥❣ t❤❡ ✐♥st❛♥t✐❛t✐♦♥ ✐s ❈▼ ❝♦❞❡✳ ❈♦♥✜❣✉r❛t✐♦♥ ❞❡s✐❣♥ ✐s ❡①♣❧✐❝✐t ✭❧✐❦❡ tr❛♥s❢♦r♠❛t✐♦♥s ❛♥❞ ❞❡❢❛✉❧t ✈❛❧✉❡s✮ ❛♥❞ ❝❛♥ ❤❡❧♣ ✇❤✐❧❡ ✇r✐t✐♥❣ ❈▼ ❝♦❞❡✳ ❈▼ ❝♦❞❡ ❝❛♥ ❡✈❡♥ ❜❡ ❣❡♥❡r❛t❡❞ ❢r♦♠ t❤❡ s♣❡❝✐✜❝❛t✐♦♥✳ ❆❝❝❡ss s♣❡❝✐✜❝❛t✐♦♥s ♠❛❦❡ ❛❝❝❡ss tr✐✈✐❛❧ ✈✐❛ ✉♥✐❢♦r♠ ✐♥t❡r❢❛❝❡✳ ❱✐s✐❜✐❧✐t② ❛♥❞ s✐♠✐❧❛r t❡❝❤♥✐q✉❡s ♠❛② ❤❡❧♣ ❞❡❛❧✐♥❣ ✇✐t❤ ❝♦♠♣❧❡①✐t②✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✽✴✺✵

slide-12
SLIDE 12

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥✜❣✉r❛t✐♦♥ ❙♣❡❝✐✜❝❛t✐♦♥ ✭P❛rt❧② ❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❍♦✇ ❝❛♥ ✇❡ ❝♦♠❜✐♥❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s ❛♥❞ ❝♦♥✜❣✉r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t❄ ✭❚❤✐♥❦✱ P❛✐r✱ ❙❤❛r❡✮ ❈♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ❛r❡ s✐♠♣❧② ❛♥ ✐♥st❛♥t✐❛t✐♦♥ ♦❢ t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s✳ ❈♦❞❡ ❞❡s❝r✐❜✐♥❣ t❤❡ ✐♥st❛♥t✐❛t✐♦♥ ✐s ❈▼ ❝♦❞❡✳ ❈♦♥✜❣✉r❛t✐♦♥ ❞❡s✐❣♥ ✐s ❡①♣❧✐❝✐t ✭❧✐❦❡ tr❛♥s❢♦r♠❛t✐♦♥s ❛♥❞ ❞❡❢❛✉❧t ✈❛❧✉❡s✮ ❛♥❞ ❝❛♥ ❤❡❧♣ ✇❤✐❧❡ ✇r✐t✐♥❣ ❈▼ ❝♦❞❡✳ ❈▼ ❝♦❞❡ ❝❛♥ ❡✈❡♥ ❜❡ ❣❡♥❡r❛t❡❞ ❢r♦♠ t❤❡ s♣❡❝✐✜❝❛t✐♦♥✳ ❆❝❝❡ss s♣❡❝✐✜❝❛t✐♦♥s ♠❛❦❡ ❛❝❝❡ss tr✐✈✐❛❧ ✈✐❛ ✉♥✐❢♦r♠ ✐♥t❡r❢❛❝❡✳ ❱✐s✐❜✐❧✐t② ❛♥❞ s✐♠✐❧❛r t❡❝❤♥✐q✉❡s ♠❛② ❤❡❧♣ ❞❡❛❧✐♥❣ ✇✐t❤ ❝♦♠♣❧❡①✐t②✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✽✴✺✵

slide-13
SLIDE 13

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥✜❣✉r❛t✐♦♥ ❙♣❡❝✐✜❝❛t✐♦♥ ✭P❛rt❧② ❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❍♦✇ ❝❛♥ ✇❡ ❝♦♠❜✐♥❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s ❛♥❞ ❝♦♥✜❣✉r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t❄ ✭❚❤✐♥❦✱ P❛✐r✱ ❙❤❛r❡✮ ❈♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ❛r❡ s✐♠♣❧② ❛♥ ✐♥st❛♥t✐❛t✐♦♥ ♦❢ t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s✳ ❈♦❞❡ ❞❡s❝r✐❜✐♥❣ t❤❡ ✐♥st❛♥t✐❛t✐♦♥ ✐s ❈▼ ❝♦❞❡✳ ❈♦♥✜❣✉r❛t✐♦♥ ❞❡s✐❣♥ ✐s ❡①♣❧✐❝✐t ✭❧✐❦❡ tr❛♥s❢♦r♠❛t✐♦♥s ❛♥❞ ❞❡❢❛✉❧t ✈❛❧✉❡s✮ ❛♥❞ ❝❛♥ ❤❡❧♣ ✇❤✐❧❡ ✇r✐t✐♥❣ ❈▼ ❝♦❞❡✳ ❈▼ ❝♦❞❡ ❝❛♥ ❡✈❡♥ ❜❡ ❣❡♥❡r❛t❡❞ ❢r♦♠ t❤❡ s♣❡❝✐✜❝❛t✐♦♥✳ ❆❝❝❡ss s♣❡❝✐✜❝❛t✐♦♥s ♠❛❦❡ ❛❝❝❡ss tr✐✈✐❛❧ ✈✐❛ ✉♥✐❢♦r♠ ✐♥t❡r❢❛❝❡✳ ❱✐s✐❜✐❧✐t② ❛♥❞ s✐♠✐❧❛r t❡❝❤♥✐q✉❡s ♠❛② ❤❡❧♣ ❞❡❛❧✐♥❣ ✇✐t❤ ❝♦♠♣❧❡①✐t②✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✽✴✺✵

slide-14
SLIDE 14

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥✜❣✉r❛t✐♦♥ ❉r✐❢t ✭❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❲❤❛t ✐s ❝♦♥✜❣✉r❛t✐♦♥ ❞r✐❢t❄ ❲❤❛t ❛r❡ ✐ts ❝❛✉s❡s❄ ❆r❡ ❞❡r✐✈❛t✐♦♥s ♦❢ t❤❡ ✏❙✐♥❣❧❡ ❙♦✉r❝❡ ♦❢ ❚r✉t❤✑ ✭t❤❡ ❈▼ ❝♦❞❡✮✳ ❈❛✉s❡❞ ❜②✿ ♠❛♥✉❛❧ ❝♦♥✜❣✉r❛t✐♦♥ ❝❤❛♥❣❡s ❜② ❛❞♠✐♥✐str❛t♦rs ♠❛♥✉❛❧ ❝♦♥✜❣✉r❛t✐♦♥ ❝❤❛♥❣❡s ❜② ❡♥❞ ✉s❡rs ❞✐✛❡r❡♥❝❡s ✐♥ ✉♣❞❛t❡s ✭❡✳❣✳✱ s❦✐♣♣❡❞ ♦r ❢❛✐❧❡❞ ✉♣❞❛t❡s✮ ❢❛✐❧❡❞ ❛tt❡♠♣ts t♦ ❝❤❛♥❣❡ ❝♦♥✜❣✉r❛t✐♦♥ ❛♣♣❧②✐♥❣ ❞✐✛❡r❡♥t ✈❡rs✐♦♥s ♦❢ ❈▼ ❝♦❞❡ ✳ ✳ ✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✾✴✺✵

slide-15
SLIDE 15

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥✜❣✉r❛t✐♦♥ ❉r✐❢t ✭❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❲❤❛t ✐s ❝♦♥✜❣✉r❛t✐♦♥ ❞r✐❢t❄ ❲❤❛t ❛r❡ ✐ts ❝❛✉s❡s❄ ❆r❡ ❞❡r✐✈❛t✐♦♥s ♦❢ t❤❡ ✏❙✐♥❣❧❡ ❙♦✉r❝❡ ♦❢ ❚r✉t❤✑ ✭t❤❡ ❈▼ ❝♦❞❡✮✳ ❈❛✉s❡❞ ❜②✿ ♠❛♥✉❛❧ ❝♦♥✜❣✉r❛t✐♦♥ ❝❤❛♥❣❡s ❜② ❛❞♠✐♥✐str❛t♦rs ♠❛♥✉❛❧ ❝♦♥✜❣✉r❛t✐♦♥ ❝❤❛♥❣❡s ❜② ❡♥❞ ✉s❡rs ❞✐✛❡r❡♥❝❡s ✐♥ ✉♣❞❛t❡s ✭❡✳❣✳✱ s❦✐♣♣❡❞ ♦r ❢❛✐❧❡❞ ✉♣❞❛t❡s✮ ❢❛✐❧❡❞ ❛tt❡♠♣ts t♦ ❝❤❛♥❣❡ ❝♦♥✜❣✉r❛t✐♦♥ ❛♣♣❧②✐♥❣ ❞✐✛❡r❡♥t ✈❡rs✐♦♥s ♦❢ ❈▼ ❝♦❞❡ ✳ ✳ ✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✾✴✺✵

slide-16
SLIDE 16

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

P✉s❤ ✈s✳ P✉❧❧ ✭❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❊①♣❧❛✐♥ t❤❡ P✉s❤ ❛♥❞ t❤❡ P✉❧❧ ▼♦❞❡❧✳ ❲❤❛t ❛r❡ t❤❡✐r ✭❞✐s✮❛❞✈❛♥t❛❣❡s❄ P✉s❤ ✐s ♠♦r❡ ✐♥t❡r❛❝t✐✈❡✳ P✉s❤ ❝❛♥♥♦t ❞♦ ✐ts ❥♦❜ ✐❢ ♥♦❞❡s ❛r❡ ♥♦t r❡❛❝❤❛❜❧❡✳ P✉s❤ ♥❡❡❞s ❛❞❞✐t✐♦♥❛❧ t❡❝❤♥✐q✉❡s t♦ s❝❛❧❡ ✇✐t❤ ♠❛♥② ♥♦❞❡s✳ P✉s❤ ❞❡♠❛♥❞s ❛❝❝❡ss t♦ s❡r✈❡rs ❢r♦♠ ❛ s✐♥❣❧❡ s❡r✈❡r✳ P✉❧❧ ♥❡❡❞s ❛❞❞✐t✐♦♥❛❧ ♠♦♥✐t♦r✐♥❣ t♦ ❦♥♦✇ ✇❤❡♥ ❛ ♣❛t❝❤ ❤❛s ❜❡❡♥ ❛♣♣❧✐❡❞✳ P✉❧❧ ♥❡❡❞s r❡s♦✉r❝❡s ❡✈❡♥ ✐❢ ♥♦t❤✐♥❣ ✐s t♦ ❞♦✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✵✴✺✵

slide-17
SLIDE 17

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

P✉s❤ ✈s✳ P✉❧❧ ✭❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❊①♣❧❛✐♥ t❤❡ P✉s❤ ❛♥❞ t❤❡ P✉❧❧ ▼♦❞❡❧✳ ❲❤❛t ❛r❡ t❤❡✐r ✭❞✐s✮❛❞✈❛♥t❛❣❡s❄ P✉s❤ ✐s ♠♦r❡ ✐♥t❡r❛❝t✐✈❡✳ P✉s❤ ❝❛♥♥♦t ❞♦ ✐ts ❥♦❜ ✐❢ ♥♦❞❡s ❛r❡ ♥♦t r❡❛❝❤❛❜❧❡✳ P✉s❤ ♥❡❡❞s ❛❞❞✐t✐♦♥❛❧ t❡❝❤♥✐q✉❡s t♦ s❝❛❧❡ ✇✐t❤ ♠❛♥② ♥♦❞❡s✳ P✉s❤ ❞❡♠❛♥❞s ❛❝❝❡ss t♦ s❡r✈❡rs ❢r♦♠ ❛ s✐♥❣❧❡ s❡r✈❡r✳ P✉❧❧ ♥❡❡❞s ❛❞❞✐t✐♦♥❛❧ ♠♦♥✐t♦r✐♥❣ t♦ ❦♥♦✇ ✇❤❡♥ ❛ ♣❛t❝❤ ❤❛s ❜❡❡♥ ❛♣♣❧✐❡❞✳ P✉❧❧ ♥❡❡❞s r❡s♦✉r❝❡s ❡✈❡♥ ✐❢ ♥♦t❤✐♥❣ ✐s t♦ ❞♦✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✵✴✺✵

slide-18
SLIDE 18

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

Pr♦♣❡rt✐❡s ✭❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❲❤❛t ✐s ✐❞❡♠♣♦t❡♥t✱ s❡❧❢✲❞❡s❝r✐❜✐♥❣✱ r♦✉♥❞✲tr✐♣♣✐♥❣ ❝♦♥✜❣✉r❛t✐♦♥❄ ■❞❡♠♣♦t❡♥t ②✐❡❧❞ t❤❡ s❛♠❡ ❝♦♥✜❣✉r❛t✐♦♥ ✇✐t❤ ❛♥② ♥✉♠❜❡r ♦❢ ❛♣♣❧✐❝❛t✐♦♥s ❢r♦♠ ❈▼ ❝♦❞❡ ✭ ✶✮ ❬✶✺❪✿ ♥❡❡❞❡❞ t♦ ❣✉❛r❛♥t❡❡ r❡♣❡❛t❛❜✐❧✐t② ❙❡❧❢✲❞❡s❝r✐❜✐♥❣ ♠❡❛♥s t❤❛t ❢r♦♠ t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡ ❛❧♦♥❡ ✇❡ ❛r❡ ❛❜❧❡ t♦ ❞❡r✐✈❡ t❤❡ ❝♦rr❡❝t ❞❛t❛ str✉❝t✉r❡ ❬✷✵❪✳ ❘♦✉♥❞✲tr✐♣♣✐♥❣ ♠❡❛♥s t❤❛t ✐❢ ❛ ❞❛t❛ str✉❝t✉r❡ ✐s s❡r✐❛❧✐③❡❞ ❛♥❞ t❤❡♥ ♣❛rs❡❞ ❛❣❛✐♥✱ ✇❡ ❡♥❞ ✉♣ ✇✐t❤ ❛♥ ✐❞❡♥t✐❝❛❧ ❞❛t❛ str✉❝t✉r❡ ❬✷✵❪✳ ❚❤❡ ❞❛t❛ str✉❝t✉r❡ ❝♦✉❧❞ ❜❡ ❛ ❑❡②❙❡t✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✶✴✺✵

slide-19
SLIDE 19

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

Pr♦♣❡rt✐❡s ✭❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❲❤❛t ✐s ✐❞❡♠♣♦t❡♥t✱ s❡❧❢✲❞❡s❝r✐❜✐♥❣✱ r♦✉♥❞✲tr✐♣♣✐♥❣ ❝♦♥✜❣✉r❛t✐♦♥❄ ■❞❡♠♣♦t❡♥t ②✐❡❧❞ t❤❡ s❛♠❡ ❝♦♥✜❣✉r❛t✐♦♥ ✇✐t❤ ❛♥② ♥✉♠❜❡r ♦❢ ❛♣♣❧✐❝❛t✐♦♥s ❢r♦♠ ❈▼ ❝♦❞❡ ✭n ≥ ✶✮ ❬✶✺❪✿ f (f (x)) = f (x) ♥❡❡❞❡❞ t♦ ❣✉❛r❛♥t❡❡ r❡♣❡❛t❛❜✐❧✐t② ❙❡❧❢✲❞❡s❝r✐❜✐♥❣ ♠❡❛♥s t❤❛t ❢r♦♠ t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡ ❛❧♦♥❡ ✇❡ ❛r❡ ❛❜❧❡ t♦ ❞❡r✐✈❡ t❤❡ ❝♦rr❡❝t ❞❛t❛ str✉❝t✉r❡ ❬✷✵❪✳ ❘♦✉♥❞✲tr✐♣♣✐♥❣ ♠❡❛♥s t❤❛t ✐❢ ❛ ❞❛t❛ str✉❝t✉r❡ ✐s s❡r✐❛❧✐③❡❞ ❛♥❞ t❤❡♥ ♣❛rs❡❞ ❛❣❛✐♥✱ ✇❡ ❡♥❞ ✉♣ ✇✐t❤ ❛♥ ✐❞❡♥t✐❝❛❧ ❞❛t❛ str✉❝t✉r❡ ❬✷✵❪✳ ❚❤❡ ❞❛t❛ str✉❝t✉r❡ ❝♦✉❧❞ ❜❡ ❛ ❑❡②❙❡t✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✶✴✺✵

slide-20
SLIDE 20

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❊①❛♠♣❧❡s

❳▼▲ ❤❛s ♥❡✐t❤❡r ♦❢ t❤❡ ❧❛st t✇♦ ♣r♦♣❡rt✐❡s ❙✐♠é♦♥ ❛♥❞ ❲❛❞❧❡r ❬✷✵❪✿ ✐♥t❡r♥❛❧ r❡♣r❡s❡♥t❛t✐♦♥ ❝r✉❝✐❛❧❧② ❞❡♣❡♥❞s ♦♥ ❳▼▲ s❝❤❡♠❛ ✉♥✐♦♥ ♦❢ ✐♥t❡❣❡r ❛♥❞ str✐♥❣s ❍✉♠♠❡r ❡t ❛❧✳ ❬✶✺❪ t❡st❡❞ ✷✾✽ ❈❤❡❢ s❝r✐♣ts✱ ♦❢ ✇❤✐❝❤ ✾✷ ✇❡r❡ ♥♦♥✲✐❞❡♠♣♦t❡♥t✿ ✴❡t❝✴t✐♠❡③♦♥❡ r❡✇r✐tt❡♥ ❜② ♣❛❝❦❛❣❡ t③❞❛t❛ t♦♠❝❛t✻✿ ✜❧❡s ❝♦♣✐❡❞ ❜② ✉s❡r ✐❢ ✴❡t❝✴t♦♠❝❛t✻✴t♦♠❝❛t✻✳❝♦♥❢ ❞♦❡s ♥♦t ❡①✐st ❜✉t ❝♦♣② ❢❛✐❧s ❜❡❝❛✉s❡ ❧❛t❡r st❡♣ ❝r❡❛t❡s ✴❡t❝✴t♦♠❝❛t✻✴❧♦❣❣✐♥❣✳♣r♦♣❡rt✐❡s ❛s r♦♦t✳ ♠♦♥❣♦❞❜✿ ✐❢ ✐♥st❛❧❧❛t✐♦♥ ❢❛✐❧s✱ t❤❡ ❣r♦✉♣ ✏♠♦♥❣♦❞❜✑ ❞♦❡s ♥♦t ❡①✐st✱ ❢❛✐❧✐♥❣ ❛t ❧❛t❡r t❛s❦s ❝r❡❛t✐♥❣ ❞✐r❡❝t♦r✐❡s ✉s✐♥❣ t❤✐s ❣r♦✉♣

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✷✴✺✵

slide-21
SLIDE 21

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❊①❛♠♣❧❡s

❳▼▲ ❤❛s ♥❡✐t❤❡r ♦❢ t❤❡ ❧❛st t✇♦ ♣r♦♣❡rt✐❡s ❙✐♠é♦♥ ❛♥❞ ❲❛❞❧❡r ❬✷✵❪✿ ✐♥t❡r♥❛❧ r❡♣r❡s❡♥t❛t✐♦♥ ❝r✉❝✐❛❧❧② ❞❡♣❡♥❞s ♦♥ ❳▼▲ s❝❤❡♠❛ ✉♥✐♦♥ ♦❢ ✐♥t❡❣❡r ❛♥❞ str✐♥❣s ❍✉♠♠❡r ❡t ❛❧✳ ❬✶✺❪ t❡st❡❞ ✷✾✽ ❈❤❡❢ s❝r✐♣ts✱ ♦❢ ✇❤✐❝❤ ✾✷ ✇❡r❡ ♥♦♥✲✐❞❡♠♣♦t❡♥t✿ ✴❡t❝✴t✐♠❡③♦♥❡ r❡✇r✐tt❡♥ ❜② ♣❛❝❦❛❣❡ t③❞❛t❛ t♦♠❝❛t✻✿ ✜❧❡s ❝♦♣✐❡❞ ❜② ✉s❡r ✐❢ ✴❡t❝✴t♦♠❝❛t✻✴t♦♠❝❛t✻✳❝♦♥❢ ❞♦❡s ♥♦t ❡①✐st ❜✉t ❝♦♣② ❢❛✐❧s ❜❡❝❛✉s❡ ❧❛t❡r st❡♣ ❝r❡❛t❡s ✴❡t❝✴t♦♠❝❛t✻✴❧♦❣❣✐♥❣✳♣r♦♣❡rt✐❡s ❛s r♦♦t✳ ♠♦♥❣♦❞❜✿ ✐❢ ✐♥st❛❧❧❛t✐♦♥ ❢❛✐❧s✱ t❤❡ ❣r♦✉♣ ✏♠♦♥❣♦❞❜✑ ❞♦❡s ♥♦t ❡①✐st✱ ❢❛✐❧✐♥❣ ❛t ❧❛t❡r t❛s❦s ❝r❡❛t✐♥❣ ❞✐r❡❝t♦r✐❡s ✉s✐♥❣ t❤✐s ❣r♦✉♣

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✷✴✺✵

slide-22
SLIDE 22

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❊①❛♠♣❧❡s

❳▼▲ ❤❛s ♥❡✐t❤❡r ♦❢ t❤❡ ❧❛st t✇♦ ♣r♦♣❡rt✐❡s ❙✐♠é♦♥ ❛♥❞ ❲❛❞❧❡r ❬✷✵❪✿ ✐♥t❡r♥❛❧ r❡♣r❡s❡♥t❛t✐♦♥ ❝r✉❝✐❛❧❧② ❞❡♣❡♥❞s ♦♥ ❳▼▲ s❝❤❡♠❛ ✉♥✐♦♥ ♦❢ ✐♥t❡❣❡r ❛♥❞ str✐♥❣s ❍✉♠♠❡r ❡t ❛❧✳ ❬✶✺❪ t❡st❡❞ ✷✾✽ ❈❤❡❢ s❝r✐♣ts✱ ♦❢ ✇❤✐❝❤ ✾✷ ✇❡r❡ ♥♦♥✲✐❞❡♠♣♦t❡♥t✿ ✴❡t❝✴t✐♠❡③♦♥❡ r❡✇r✐tt❡♥ ❜② ♣❛❝❦❛❣❡ t③❞❛t❛ t♦♠❝❛t✻✿ ✜❧❡s ❝♦♣✐❡❞ ❜② ✉s❡r ✐❢ ✴❡t❝✴t♦♠❝❛t✻✴t♦♠❝❛t✻✳❝♦♥❢ ❞♦❡s ♥♦t ❡①✐st ❜✉t ❝♦♣② ❢❛✐❧s ❜❡❝❛✉s❡ ❧❛t❡r st❡♣ ❝r❡❛t❡s ✴❡t❝✴t♦♠❝❛t✻✴❧♦❣❣✐♥❣✳♣r♦♣❡rt✐❡s ❛s r♦♦t✳ ♠♦♥❣♦❞❜✿ ✐❢ ✐♥st❛❧❧❛t✐♦♥ ❢❛✐❧s✱ t❤❡ ❣r♦✉♣ ✏♠♦♥❣♦❞❜✑ ❞♦❡s ♥♦t ❡①✐st✱ ❢❛✐❧✐♥❣ ❛t ❧❛t❡r t❛s❦s ❝r❡❛t✐♥❣ ❞✐r❡❝t♦r✐❡s ✉s✐♥❣ t❤✐s ❣r♦✉♣

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✷✴✺✵

slide-23
SLIDE 23

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❊①❛♠♣❧❡s

❳▼▲ ❤❛s ♥❡✐t❤❡r ♦❢ t❤❡ ❧❛st t✇♦ ♣r♦♣❡rt✐❡s ❙✐♠é♦♥ ❛♥❞ ❲❛❞❧❡r ❬✷✵❪✿ ✐♥t❡r♥❛❧ r❡♣r❡s❡♥t❛t✐♦♥ ❝r✉❝✐❛❧❧② ❞❡♣❡♥❞s ♦♥ ❳▼▲ s❝❤❡♠❛ ✉♥✐♦♥ ♦❢ ✐♥t❡❣❡r ❛♥❞ str✐♥❣s ❍✉♠♠❡r ❡t ❛❧✳ ❬✶✺❪ t❡st❡❞ ✷✾✽ ❈❤❡❢ s❝r✐♣ts✱ ♦❢ ✇❤✐❝❤ ✾✷ ✇❡r❡ ♥♦♥✲✐❞❡♠♣♦t❡♥t✿ ✴❡t❝✴t✐♠❡③♦♥❡ r❡✇r✐tt❡♥ ❜② ♣❛❝❦❛❣❡ t③❞❛t❛ t♦♠❝❛t✻✿ ✜❧❡s ❝♦♣✐❡❞ ❜② ✉s❡r ✐❢ ✴❡t❝✴t♦♠❝❛t✻✴t♦♠❝❛t✻✳❝♦♥❢ ❞♦❡s ♥♦t ❡①✐st ❜✉t ❝♦♣② ❢❛✐❧s ❜❡❝❛✉s❡ ❧❛t❡r st❡♣ ❝r❡❛t❡s ✴❡t❝✴t♦♠❝❛t✻✴❧♦❣❣✐♥❣✳♣r♦♣❡rt✐❡s ❛s r♦♦t✳ ♠♦♥❣♦❞❜✿ ✐❢ ✐♥st❛❧❧❛t✐♦♥ ❢❛✐❧s✱ t❤❡ ❣r♦✉♣ ✏♠♦♥❣♦❞❜✑ ❞♦❡s ♥♦t ❡①✐st✱ ❢❛✐❧✐♥❣ ❛t ❧❛t❡r t❛s❦s ❝r❡❛t✐♥❣ ❞✐r❡❝t♦r✐❡s ✉s✐♥❣ t❤✐s ❣r♦✉♣

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✷✴✺✵

slide-24
SLIDE 24

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❊①❛♠♣❧❡s

❳▼▲ ❤❛s ♥❡✐t❤❡r ♦❢ t❤❡ ❧❛st t✇♦ ♣r♦♣❡rt✐❡s ❙✐♠é♦♥ ❛♥❞ ❲❛❞❧❡r ❬✷✵❪✿ ✐♥t❡r♥❛❧ r❡♣r❡s❡♥t❛t✐♦♥ ❝r✉❝✐❛❧❧② ❞❡♣❡♥❞s ♦♥ ❳▼▲ s❝❤❡♠❛ ✉♥✐♦♥ ♦❢ ✐♥t❡❣❡r ❛♥❞ str✐♥❣s ❍✉♠♠❡r ❡t ❛❧✳ ❬✶✺❪ t❡st❡❞ ✷✾✽ ❈❤❡❢ s❝r✐♣ts✱ ♦❢ ✇❤✐❝❤ ✾✷ ✇❡r❡ ♥♦♥✲✐❞❡♠♣♦t❡♥t✿ ✴❡t❝✴t✐♠❡③♦♥❡ r❡✇r✐tt❡♥ ❜② ♣❛❝❦❛❣❡ t③❞❛t❛ t♦♠❝❛t✻✿ ✜❧❡s ❝♦♣✐❡❞ ❜② ✉s❡r ✐❢ ✴❡t❝✴t♦♠❝❛t✻✴t♦♠❝❛t✻✳❝♦♥❢ ❞♦❡s ♥♦t ❡①✐st ❜✉t ❝♦♣② ❢❛✐❧s ❜❡❝❛✉s❡ ❧❛t❡r st❡♣ ❝r❡❛t❡s ✴❡t❝✴t♦♠❝❛t✻✴❧♦❣❣✐♥❣✳♣r♦♣❡rt✐❡s ❛s r♦♦t✳ ♠♦♥❣♦❞❜✿ ✐❢ ✐♥st❛❧❧❛t✐♦♥ ❢❛✐❧s✱ t❤❡ ❣r♦✉♣ ✏♠♦♥❣♦❞❜✑ ❞♦❡s ♥♦t ❡①✐st✱ ❢❛✐❧✐♥❣ ❛t ❧❛t❡r t❛s❦s ❝r❡❛t✐♥❣ ❞✐r❡❝t♦r✐❡s ✉s✐♥❣ t❤✐s ❣r♦✉♣

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✷✴✺✵

slide-25
SLIDE 25

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈❤❡❝❦✐♥❣ ❈♦♥✜❣✉r❛t✐♦♥s ✭❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❲❤✐❝❤ ♣r♦♣❡rt✐❡s ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ❝❛♥ ❜❡ ❝❤❡❝❦❡❞❄ str✉❝t✉r❡ ✈❛❧✉❡s ✭❞❛t❛ t②♣❡s✮ ❝♦♥str❛✐♥ts s❡♠❛♥t✐❝ ❝❤❡❝❦s ✭❡✳❣✳✱ ■P✱ ❢♦❧❞❡r✮ ❞♦♠❛✐♥✲s♣❡❝✐✜❝ ❝❤❡❝❦s ✭❡✳❣✳✱ ❞❛t❛❜❛s❡s✮ r❡q✉✐r❡♠❡♥ts ✭s✉✐t❛❜❧❡ ❝♦♥✜❣✉r❛t✐♦♥s✮ ❝♦♥t❡①t ✭❝♦♥t❡①t✲❛✇❛r❡ ❝♦♥✜❣✉r❛t✐♦♥s✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✸✴✺✵

slide-26
SLIDE 26

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈❤❡❝❦✐♥❣ ❈♦♥✜❣✉r❛t✐♦♥s ✭❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❲❤✐❝❤ ♣r♦♣❡rt✐❡s ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ❝❛♥ ❜❡ ❝❤❡❝❦❡❞❄ str✉❝t✉r❡ ✈❛❧✉❡s ✭❞❛t❛ t②♣❡s✮ ❝♦♥str❛✐♥ts s❡♠❛♥t✐❝ ❝❤❡❝❦s ✭❡✳❣✳✱ ■P✱ ❢♦❧❞❡r✮ ❞♦♠❛✐♥✲s♣❡❝✐✜❝ ❝❤❡❝❦s ✭❡✳❣✳✱ ❞❛t❛❜❛s❡s✮ r❡q✉✐r❡♠❡♥ts ✭s✉✐t❛❜❧❡ ❝♦♥✜❣✉r❛t✐♦♥s✮ ❝♦♥t❡①t ✭❝♦♥t❡①t✲❛✇❛r❡ ❝♦♥✜❣✉r❛t✐♦♥s✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✸✴✺✵

slide-27
SLIDE 27

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈❤❡❝❦✐♥❣ ❙♣❡❝✐✜❝❛t✐♦♥s ✭❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❲❤❛t ❛r❡ t❤❡ ❣♦❛❧s ♦❢ ❝❤❡❝❦✐♥❣ ❙♣❡❝❊❧❡❦tr❛❄ ❉❡❢❛✉❧ts ♠✉st ❜❡ ♣r❡s❡♥t ❢♦r s❛❢❡ ❧♦♦❦✉♣s✳ ❚❤✐s ❣♦❛❧ ❛❧s♦ ✐♠♣❧✐❡s t❤❛t t❤❡r❡ ♠✉st ❜❡ ❛t ❧❡❛st ♦♥❡ ✈❛❧✐❞ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣✳ ❚②♣❡s ♦❢ ❞❡❢❛✉❧t ✈❛❧✉❡s ♠✉st ❜❡ ❝♦♠♣❛t✐❜❧❡ ✇✐t❤ t❤❡ t②♣❡s ♦❢ t❤❡ ❦❡②s✳ ❊✈❡r② ❝♦♥t❡①t✉❛❧ ✐♥t❡r♣r❡t❛t✐♦♥ ♦❢ ❛ ❦❡② ♠✉st ②✐❡❧❞ ❛ ❝♦♠♣❛t✐❜❧❡ t②♣❡✳ ▲✐♥❦s ♠✉st ♥♦t r❡❢❡r t♦ ❡❛❝❤ ♦t❤❡r ✐♥ ❝②❝❧❡s✳ ❊✈❡r② ❧✐♥❦ ❛♥❞ t❤❡ ♣♦✐♥t❡❡ ♠✉st ❤❛✈❡ ❝♦♠♣❛t✐❜❧❡ t②♣❡s✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✹✴✺✵

slide-28
SLIDE 28

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈❤❡❝❦✐♥❣ ❙♣❡❝✐✜❝❛t✐♦♥s ✭❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❲❤❛t ❛r❡ t❤❡ ❣♦❛❧s ♦❢ ❝❤❡❝❦✐♥❣ ❙♣❡❝❊❧❡❦tr❛❄ ❉❡❢❛✉❧ts ♠✉st ❜❡ ♣r❡s❡♥t ❢♦r s❛❢❡ ❧♦♦❦✉♣s✳ ❚❤✐s ❣♦❛❧ ❛❧s♦ ✐♠♣❧✐❡s t❤❛t t❤❡r❡ ♠✉st ❜❡ ❛t ❧❡❛st ♦♥❡ ✈❛❧✐❞ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣✳ ❚②♣❡s ♦❢ ❞❡❢❛✉❧t ✈❛❧✉❡s ♠✉st ❜❡ ❝♦♠♣❛t✐❜❧❡ ✇✐t❤ t❤❡ t②♣❡s ♦❢ t❤❡ ❦❡②s✳ ❊✈❡r② ❝♦♥t❡①t✉❛❧ ✐♥t❡r♣r❡t❛t✐♦♥ ♦❢ ❛ ❦❡② ♠✉st ②✐❡❧❞ ❛ ❝♦♠♣❛t✐❜❧❡ t②♣❡✳ ▲✐♥❦s ♠✉st ♥♦t r❡❢❡r t♦ ❡❛❝❤ ♦t❤❡r ✐♥ ❝②❝❧❡s✳ ❊✈❡r② ❧✐♥❦ ❛♥❞ t❤❡ ♣♦✐♥t❡❡ ♠✉st ❤❛✈❡ ❝♦♠♣❛t✐❜❧❡ t②♣❡s✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✹✴✺✵

slide-29
SLIDE 29

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈▼ ❧❛♥❣✉❛❣❡s

❘❡❝❛♣✐t✉❧❛t✐♦♥

❈▼ ❧❛♥❣✉❛❣❡s

❊rr♦r ▼❡ss❛❣❡s

❯s❡r ❱✐❡✇

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✺✴✺✵

slide-30
SLIDE 30

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

Pr♦t❡✉s ✭P❈▲✮

Pr♦t❡✉s ❬✷✶❪ s❤♦✇s t❤❡ t✐❣❤t r❡❧❛t✐♦♥ ❜❡t✇❡❡♥ s♦❢t✇❛r❡ ❝♦♥✜❣✉r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t✱ ❧✐❦❡ ●✐t ♦r ❙✈♥✱ ❛♥❞ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥ ❧❛♥❣✉❛❣❡s✳ Pr♦t❡✉s ✭P❈▲✮ ❝♦♠❜✐♥❡s ❜♦t❤ ✇♦r❧❞s ✐♥ ❛ ♣♦✇❡r❢✉❧ ❜✉✐❧❞ s②st❡♠✳

1

❢ ❛ ♠ ✐ ❧ ② ❈❛❧❝Pr♦❣

2

❛ t t r ✐ ❜ ✉ t ❡ s

3

❍❖▼❊ ✿ s t r ✐ ♥ ❣ ❞ ❡ ❢ ❛ ✉ ❧ t ✧✴❤♦♠❡✴ ❛s❦ ✴ ♣ r ♦ t ❡ ✉ s ✴ t ❡ s t ✧ ❀

4

✇♦r❦s♣❛❝❡ ✿❂ ❍❖▼❊ ✰✰ ✧✴ ❝ ❛ ❧ ❝ ✴ s r ❝ ✴ ✧ ❀ ✴✴ s t r ✐ ♥ ❣ ❝ ♦ ♥ ❝ ❛ t ❡ ♥ ❛ t ✐ ♦ ♥

5

r ❡ ♣ ♦ s ✐ t ♦ r ② ✿❂ ✧ ❝ ❛ ❧ ❝ ✴ ✧ ❀

6

❡♥❞

7

♣ ❤ ② s ✐ ❝ ❛ ❧

8

♠❛✐♥ ❂ ❃ ✧♠❛✐♥ ✳ ❈✧ ❀

9

❞ ❡ ❢ s ❂ ❃ ✧ ❞ ❡ ❢ s ✳ ❤ ✧ ❀

10

❡①❡ ❂ ❃ ✧ ❝ ❛ ❧ ❝ ✳ ①✧ ❛ t t r ✐ ❜ ✉ t ❡ s ✇♦r❦s♣❛❝❡ ✿❂ ❍❖▼❊ ✰✰ ✧✴ ❝ ❛ ❧ ❝ ✴ ❜ ✐ ♥ ✧ ❀ ❡♥❞

11

❝ ❧ ❛ s s ✐ ❢ ✐ ❝ ❛ t ✐ ♦ ♥ s s t ❛ t ✉ s ✿❂ s t ❛ ♥ ❞ ❛ r ❞ ✳ ❞ ❡ r ✐ ✈ ❡ ❞ ❀ ❡♥❞ ❀

12

❡♥❞

13

❡♥❞ ▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✻✴✺✵

slide-31
SLIDE 31

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

◆■❳

❚❤❡ ◆■❳ ❧❛♥❣✉❛❣❡ ❬✾❪ ❝❧❛✐♠s t♦ ❜❡ ♣✉r❡❧② ❢✉♥❝t✐♦♥❛❧ ❛s ❛ ♥♦✈❡❧ ❢❡❛t✉r❡✳ ❚❤❡ ♠❛✐♥ ❝♦♥❝❡♣t ✐s t❤❡ r❡❢❡r❡♥t✐❛❧ tr❛♥s♣❛r❡♥❝② ❜♦t❤ ❢♦r t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥ ❧❛♥❣✉❛❣❡ ❛♥❞ ❢♦r t❤❡ s②st❡♠ ✐ts❡❧❢✳ ❊①♣r❡ss✐✈❡♥❡ss✿ ◆■❳ ❡①♣r❡ss✐♦♥s✱ ❢♦r ❡①❛♠♣❧❡ ❢✉♥❝t✐♦♥s✱ ❞❡s❝r✐❜❡ ❤♦✇ t♦ ❜✉✐❧❞ s♦❢t✇❛r❡ ♣❛❝❦❛❣❡s✳ ❘❡❛s♦♥✐♥❣✿ ❇❡❝❛✉s❡ ♦❢ t❤❡ r❡❢❡r❡♥t✐❛❧ tr❛♥s♣❛r❡♥❝② ♦❢ t❤❡ s②st❡♠ ✐ts❡❧❢✱ ❡✈❡r② s♦❧✉t✐♦♥ ❞❡r✐✈❡❞ ❢r♦♠ t❤❡ ◆■❳ ❡①♣r❡ss✐♦♥s s❤♦✉❧❞ ❜❡ ✈❛❧✐❞✱ s♦ ♥♦ r❡❛s♦♥✐♥❣ ♦r ❝♦♥✢✐❝t ❤❛♥❞❧✐♥❣ ✐s ♥❡❝❡ss❛r②✳ ▼♦❞✉❧❛r✐t②✿ ❚❤❡ ◆■❳ ❡①♣r❡ss✐♦♥s ❛r❡ ♠♦❞✉❧❛r ❜❡❝❛✉s❡ t❤❡② ❡♥s✉r❡ ❛❜s❡♥❝❡ ♦❢ s✐❞❡ ❡✛❡❝ts ❛♥❞ t❤✉s ❝❛♥ ❜❡ ❡❛s✐❧② ❝♦♠♣♦s❡❞✳ ❘❡✉s❛❜✐❧✐t②✿ ❉❡r✐✈❛t✐♦♥s t❤❛t ❞❡s❝r✐❜❡ ❛t♦♠✐❝ ❜✉✐❧❞ ❛❝t✐♦♥s ❛r❡ r❡✉s❡❞ ✐♥ ♦t❤❡r ❞❡r✐✈❛t✐♦♥s✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✼✴✺✵

slide-32
SLIDE 32

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❯▼▲

❋❡❧❢❡r♥✐❣ ❡t ❛❧✳ ❬✶✵✱ ✶✶✱ ✶✷❪ ❞❡s❝r✐❜❡ ❛♥ ❛♣♣r♦❛❝❤ ✇❤❡r❡ t❤❡ ✉♥✐✜❡❞ ♠♦❞❡❧✐♥❣ ❧❛♥❣✉❛❣❡ ✭❯▼▲✮ ✐s ✉s❡❞ ❛s ♥♦t❛t✐♦♥✳ ❊①♣r❡ss✐✈❡♥❡ss✿ ❆❧❧ ❯▼▲ ❢❡❛t✉r❡s✱ ✐♥❝❧✉❞✐♥❣ ❝❛r❞✐♥❛❧✐t②✱ ❞♦♠❛✐♥✲s♣❡❝✐✜❝ st❡r❡♦t②♣❡s ❛♥❞ ❖❈▲✲❝♦♥str❛✐♥ts ❛r❡ ❛✈❛✐❧❛❜❧❡✳ ❚❤❡ ❜❛s✐❝ str✉❝t✉r❡ ♦❢ t❤❡ s②st❡♠ ✐s s♣❡❝✐✜❡❞ ✉s✐♥❣ ❝❧❛ss❡s✱ ❣❡♥❡r❛❧✐③❛t✐♦♥ ❛♥❞ ❛❣❣r❡❣❛t✐♦♥✳ ❘❡❛s♦♥✐♥❣✿ ❈✉st♦♠❡rs ♣r♦✈✐❞❡ ❛❞❞✐t✐♦♥❛❧ ✐♥♣✉t ❞❛t❛ ❛♥❞ r❡q✉✐r❡♠❡♥ts ❢♦r t❤❡ ❛❝t✉❛❧ ✈❛r✐❛♥t ♦❢ t❤❡ ♣r♦❞✉❝t✳ ▼♦❞✉❧❛r✐t②✿ ●❡♥❡r❛❧✐③❛t✐♦♥ ✐s ♣r❡s❡♥t ✇✐t❤♦✉t ♠✉❧t✐♣❧❡ ✐♥❤❡r✐t❛♥❝❡ ✇✐t❤ ❞✐s❥✉♥❝t✐✈❡ s❡♠❛♥t✐❝s✱ ✐✳ ❡✳✱ ♦♥❧② ♦♥❡ ♦❢ t❤❡ ❣✐✈❡♥ s✉❜t②♣❡s ✇✐❧❧ ❜❡ ✐♥st❛♥t✐❛t❡❞✳ ❘❡✉s❛❜✐❧✐t②✿ ❋♦r s❤❛r❡❞ ❛❣❣r❡❣❛t✐♦♥ ❛❞❞✐t✐♦♥❛❧ ♣♦rts ❛r❡ ❞❡✜♥❡❞ ❢♦r ❛ ♣❛rt✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✽✴✺✵

slide-33
SLIDE 33

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈❋❊♥❣✐♥❡

❈❋❊♥❣✐♥❡ ❬✺✱ ✻✱ ✶✽❪ ✐s ❛ ❧❛♥❣✉❛❣❡✲❜❛s❡❞ s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥ t♦♦❧ t❤❛t ♣✐♦♥❡❡r❡❞ ✐❞❡♠♣♦t❡♥t ❜❡❤❛✈✐♦r✳ ❊①♣r❡ss✐✈❡♥❡ss✿ ❈❋❊♥❣✐♥❡ ❛❧❧♦✇s ✉s t♦ ❞❡❝❧❛r❡ ❞❡♣❡♥❞❡♥❝❡s ❛♥❞ ❢❛❝✐❧✐t❛t❡s s♦♠❡ ❤✐❣❤✲❧❡✈❡❧ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥ ❝♦♥str✉❝ts✳ ■♥ ✐ts ✐♥✐t✐❛❧ ✈❛r✐❛♥ts ✐t ♥❡✐t❤❡r ❤❛❞ ✈❛❧✐❞❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s✱ ❝❛r❞✐♥❛❧✐t✐❡s✱ ♥♦r ❤✐❣❤❡r✲❧❡✈❡❧ r❡❧❛t✐♦♥s❤✐♣s✳ ❘❡❛s♦♥✐♥❣✿ ◆♦t s✉♣♣♦rt❡❞✳ ▼♦❞✉❧❛r✐t②✿ ◆♦t s✉♣♣♦rt❡❞✳ ❘❡✉s❛❜✐❧✐t②✿ ❊①✐st✐♥❣ s②st❡♠ ❛❞♠✐♥✐str❛t♦r s❝r✐♣ts ❝❛♥ ❜❡ ♣r♦✜t❛❜❧② r✉♥ ❢r♦♠ ❈❋❊♥❣✐♥❡✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✾✴✺✵

slide-34
SLIDE 34

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

◗✉❛tt♦r ✭P❛♥✮

❈♦♥s ❛♥❞ P♦③♥❛♥s❦✐ ❬✽❪ ✐♥✈❡♥t❡❞ ❛♥❞ ✉s❡❞ P❆◆ ❢♦r ♠❛♥② ♠❛❝❤✐♥❡s ✇✐t❤✐♥ ❈❊❘◆✳ ❊①♣r❡ss✐✈❡♥❡ss✿ ❚❤❡ P❛♥ ❧❛♥❣✉❛❣❡ ❛❧❧♦✇s ✉s❡rs t♦ s♣❡❝✐❢② ❞❛t❛ t②♣❡s✱ ✈❛❧✐❞❛t✐♦♥ ✇✐t❤ ❝♦❞❡ s♥✐♣♣❡ts ❛♥❞ ❝♦♥str❛✐♥ts✳ ❚❤❡ ❝♦♠♣✐❧❡r ✉s❡s ❛ ✺ st❡♣ ♣r♦❝❡ss✿ ❝♦♠♣✐❧❛t✐♦♥✱ ❡①❡❝✉t✐♦♥✱ ✐♥s❡rt✐♦♥s✲♦❢✲❞❡❢❛✉❧ts✱ ✈❛❧✐❞❛t✐♦♥✱ ❛♥❞ s❡r✐❛❧✐③❛t✐♦♥✳ ❘❡❛s♦♥✐♥❣✿ P❛♥ ❢♦❝✉s❡s ♦♥ ✈❛❧✐❞❛t✐♥❣ ❝♦♥✜❣✉r❛t✐♦♥s✱ ✐t ✐s ♥♦t ❛❜❧❡ t♦ ❣❡♥❡r❛t❡ ♥❡✇ ❝♦♥✜❣✉r❛t✐♦♥s✳ P❛♥ ♣r♦✈✐❞❡s t②♣❡ ❡♥❢♦r❝❡♠❡♥t ✇✐t❤ ❡♠❜❡❞❞❡❞ ✈❛❧✐❞❛t✐♦♥ ❝♦❞❡✳ ▼♦❞✉❧❛r✐t②✿ ❚❤❡ ❧❛♥❣✉❛❣❡ ❤❛s ✉s❡r✲❞❡✜♥❡❞ ❞❛t❛ t②♣❡s ✭❝❛❧❧❡❞ t❡♠♣❧❛t❡s✮ ❜✉t ♦t❤❡r✇✐s❡ ❤❛s ♦♥❧② ♠✐♥✐♠❛❧ s✉♣♣♦rt ❢♦r ♠♦❞✉❧❛r✐t②✳ ❘❡✉s❛❜✐❧✐t②✿ ❘❡✉s❛❜✐❧✐t② ❛♥❞ ❝♦❧❧❛❜♦r❛t✐♦♥ ✐s ♦♥❧② ♣♦ss✐❜❧❡ ✈✐❛ s✐♠♣❧❡ ✐♥❝❧✉❞❡ st❛t❡♠❡♥ts ❛♥❞ ❛ s✐♠♣❧❡ ✐♥❤❡r✐t❛♥❝❡ ♠❡❝❤❛♥✐s♠ ♦❢ t❡♠♣❧❛t❡s✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✵✴✺✵

slide-35
SLIDE 35

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥❢❱❛❧❧❡② ✭❈P▲✮

❍✉❛♥❣ ❡t ❛❧✳ ❬✶✹❪ ✐♥tr♦❞✉❝❡ s②st❡♠❛t✐❝ ✈❛❧✐❞❛t✐♦♥ ❢♦r ❝❧♦✉❞ s❡r✈✐❝❡s✳ ❈♦♥❢❱❛❧❧❡② ✉s❡s ❛ ✉♥✐✜❡❞ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s r❡♣r❡s❡♥t❛t✐♦♥ ❢♦r t❡♥s ♦❢ ❞✐✛❡r❡♥t ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡ ❢♦r♠❛ts✳ ❊①♣r❡ss✐✈❡♥❡ss✿ ❈P▲ ✐s ♥♦t ❛❜❧❡ t♦ s♣❡❝✐❢② ❞②♥❛♠✐❝ ❛♥❞ ❝♦♠♣❧❡① r❡q✉✐r❡♠❡♥ts✳ ❘❡❛s♦♥✐♥❣✿ ❈♦♥str❛✐♥ts ❝❛♥ ❜❡ ✐♥❢❡rr❡❞ ❜② r✉♥♥✐♥❣ ❛♥ ✐♥❢❡r❡♥❝❡ ❡♥❣✐♥❡ ♦♥ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s t❤❛t ❛r❡ ❝♦♥s✐❞❡r❡❞ ❣♦♦❞ ✭❜❧❛❝❦✲❜♦① ❛♣♣r♦❛❝❤✮✳ ❲✐t❤✐♥ t❤❡ ✈❛❧✐❞❛t✐♦♥ ❡♥❣✐♥❡✱ ❤♦✇❡✈❡r✱ ♥♦ ❝♦♥str❛✐♥t s♦❧✈❡r ✐s ❛✈❛✐❧❛❜❧❡✳ ▼♦❞✉❧❛r✐t②✿ ❈P▲ ❛✐♠s ❛t ❡❛s② ❣r♦✉♣✐♥❣ ♦❢ ❝♦♥str❛✐♥ts✳ ❆❞❞✐♥❣ ❧❛♥❣✉❛❣❡ ♣r✐♠✐t✐✈❡s ♥❡❡❞ ♠♦❞✐✜❝❛t✐♦♥s ✐♥ t❤❡ ❝♦♠♣✐❧❡r✳ ❘❡✉s❛❜✐❧✐t②✿ ❯s✐♥❣ tr❛♥s❢♦r♠❛t✐♦♥s ❛♥❞ ❝♦♠♣♦s✐t✐♦♥s✱ ♣r❡❞✐❝❛t❡s ❝❛♥ ❜❡ r❡✉s❡❞ ✐♥ ❞✐✛❡r❡♥t ❝♦♥t❡①ts✳ ❆❧s♦ ✇✐t❤ ❧❛♥❣✉❛❣❡ ❝♦♥str✉❝ts ❧✐❦❡ ❧❡t✱ s♣❡❝✐✜❝❛t✐♦♥s ❝❛♥ ❜❡ r❡✉s❡❞✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✶✴✺✵

slide-36
SLIDE 36

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

P♦♣✉❧❛r ❈▼s t♦❞❛②

❈❋❡♥❣✐♥❡ ✭✶✾✾✸✮ ▲❈❋● ✭✶✾✾✹✮ ◗✉❛tt♦r ✭✷✵✵✺✮ P✉♣♣❡t ✭✷✵✵✺✮ ❈❤❡❢ ✭✷✵✵✾✮ ❙❛❧t ✭✷✵✶✶✮ ❆♥s✐❜❧❡ ✭✷✵✶✷✮ ▼❣♠t ✭✷✵✶✻✮ ❖♣s▼♦♣s ✭✷✵✶✾✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✷✴✺✵

slide-37
SLIDE 37

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

P♦♣✉❧❛r ❈▼s t♦❞❛②

❈❋❡♥❣✐♥❡ ✭✶✾✾✸✮ ▲❈❋● ✭✶✾✾✹✮ ◗✉❛tt♦r ✭✷✵✵✺✮ P✉♣♣❡t ✭✷✵✵✺✮ ❈❤❡❢ ✭✷✵✵✾✮ ❙❛❧t ✭✷✵✶✶✮ ❆♥s✐❜❧❡ ✭✷✵✶✷✮ ▼❣♠t ✭✷✵✶✻✮ ❖♣s▼♦♣s ✭✷✵✶✾✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✷✴✺✵

slide-38
SLIDE 38

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

P♦♣✉❧❛r ❈▼s t♦❞❛②

❈❋❡♥❣✐♥❡ ✭✶✾✾✸✮ ▲❈❋● ✭✶✾✾✹✮ ◗✉❛tt♦r ✭✷✵✵✺✮ P✉♣♣❡t ✭✷✵✵✺✮ ❈❤❡❢ ✭✷✵✵✾✮ ❙❛❧t ✭✷✵✶✶✮ ❆♥s✐❜❧❡ ✭✷✵✶✷✮ ▼❣♠t ✭✷✵✶✻✮ ❖♣s▼♦♣s ✭✷✵✶✾✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✷✴✺✵

slide-39
SLIDE 39

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

P♦♣✉❧❛r ❈▼s t♦❞❛②

❈❋❡♥❣✐♥❡ ✭✶✾✾✸✮ ▲❈❋● ✭✶✾✾✹✮ ◗✉❛tt♦r ✭✷✵✵✺✮ P✉♣♣❡t ✭✷✵✵✺✮ ❈❤❡❢ ✭✷✵✵✾✮ ❙❛❧t ✭✷✵✶✶✮ ❆♥s✐❜❧❡ ✭✷✵✶✷✮ ▼❣♠t ✭✷✵✶✻✮ ❖♣s▼♦♣s ✭✷✵✶✾✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✷✴✺✵

slide-40
SLIDE 40

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

P♦♣✉❧❛r ❈▼s t♦❞❛②

❈❋❡♥❣✐♥❡ ✭✶✾✾✸✮ ▲❈❋● ✭✶✾✾✹✮ ◗✉❛tt♦r ✭✷✵✵✺✮ P✉♣♣❡t ✭✷✵✵✺✮ ❈❤❡❢ ✭✷✵✵✾✮ ❙❛❧t ✭✷✵✶✶✮ ❆♥s✐❜❧❡ ✭✷✵✶✷✮ ▼❣♠t ✭✷✵✶✻✮ ❖♣s▼♦♣s ✭✷✵✶✾✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✷✴✺✵

slide-41
SLIDE 41

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

P♦♣✉❧❛r ❈▼s t♦❞❛②

❈❋❡♥❣✐♥❡ ✭✶✾✾✸✮ ▲❈❋● ✭✶✾✾✹✮ ◗✉❛tt♦r ✭✷✵✵✺✮ P✉♣♣❡t ✭✷✵✵✺✮ ❈❤❡❢ ✭✷✵✵✾✮ ❙❛❧t ✭✷✵✶✶✮ ❆♥s✐❜❧❡ ✭✷✵✶✷✮ ▼❣♠t ✭✷✵✶✻✮ ❖♣s▼♦♣s ✭✷✵✶✾✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✷✴✺✵

slide-42
SLIDE 42

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

P♦♣✉❧❛r ❈▼s t♦❞❛②

❈❋❡♥❣✐♥❡ ✭✶✾✾✸✮ ▲❈❋● ✭✶✾✾✹✮ ◗✉❛tt♦r ✭✷✵✵✺✮ P✉♣♣❡t ✭✷✵✵✺✮ ❈❤❡❢ ✭✷✵✵✾✮ ❙❛❧t ✭✷✵✶✶✮ ❆♥s✐❜❧❡ ✭✷✵✶✷✮ ▼❣♠t ✭✷✵✶✻✮ ❖♣s▼♦♣s ✭✷✵✶✾✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✷✴✺✵

slide-43
SLIDE 43

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

P♦♣✉❧❛r ❈▼s t♦❞❛②

❈❋❡♥❣✐♥❡ ✭✶✾✾✸✮ ▲❈❋● ✭✶✾✾✹✮ ◗✉❛tt♦r ✭✷✵✵✺✮ P✉♣♣❡t ✭✷✵✵✺✮ ❈❤❡❢ ✭✷✵✵✾✮ ❙❛❧t ✭✷✵✶✶✮ ❆♥s✐❜❧❡ ✭✷✵✶✷✮ ▼❣♠t ✭✷✵✶✻✮ ❖♣s▼♦♣s ✭✷✵✶✾✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✷✴✺✵

slide-44
SLIDE 44

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

P♦♣✉❧❛r ❈▼s t♦❞❛②

❈❋❡♥❣✐♥❡ ✭✶✾✾✸✮ ▲❈❋● ✭✶✾✾✹✮ ◗✉❛tt♦r ✭✷✵✵✺✮ P✉♣♣❡t ✭✷✵✵✺✮ ❈❤❡❢ ✭✷✵✵✾✮ ❙❛❧t ✭✷✵✶✶✮ ❆♥s✐❜❧❡ ✭✷✵✶✷✮ ▼❣♠t ✭✷✵✶✻✮ ❖♣s▼♦♣s ✭✷✵✶✾✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✷✴✺✵

slide-45
SLIDE 45

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❊rr♦r ▼❡ss❛❣❡s

❘❡❝❛♣✐t✉❧❛t✐♦♥

❈▼ ❧❛♥❣✉❛❣❡s

❊rr♦r ▼❡ss❛❣❡s

❯s❡r ❱✐❡✇

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✸✴✺✵

slide-46
SLIDE 46

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

▼♦t✐✈❛t✐♦♥ ✭❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❊rr♦r ♠❡ss❛❣❡s ❛r❡ ❡①tr❡♠❡❧② ✐♠♣♦rt❛♥t ❛s t❤❡② ❛r❡ t❤❡ ♠❛✐♥ ❝♦♠♠✉♥✐❝❛t✐♦♥ ❝❤❛♥♥❡❧ t♦ s②st❡♠ ❛❞♠✐♥✐str❛t♦rs✳

1 ❬❛❪ 2

❝❤❡❝❦✴t②♣❡ ✿❂ ❧♦♥❣

3 ❬❜❪ 4

❝❤❡❝❦✴t②♣❡ ✿❂ ❧♦♥❣

5 ❬❝❪ 6

❝❤❡❝❦✴r❛♥❣❡ ✿❂ ✵✲✶✵

7

❛ss✐❣♥✴♠❛t❤ ✿❂ ✳✳✴❛✰✳✳✴❜ ❚❛s❦ ❲❤❡r❡ s❤♦✉❧❞ t❤❡ ❡rr♦r ♠❡ss❛❣❡ ♣♦✐♥t t♦ ✐❢ ✇❡ ❝❤❛♥❣❡ ❜ t♦ ✶✵ ✭❛ ✐s ✉♥❝❤❛♥❣❡❞ ✶✮❄

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✹✴✺✵

slide-47
SLIDE 47

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥s✐❞❡r❛t✐♦♥s ✭❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❚❛s❦ ❲❤❛t ♥❡❡❞s t♦ ❜❡ ❝♦♥s✐❞❡r❡❞ ✇❤❡♥ ❞❡s✐❣♥✐♥❣ ❡rr♦r ♠❡ss❛❣❡s❄

  • ❡♥❡r✐❝ ✈s✳ s♣❡❝✐✜❝ ♣❧✉❣✐♥s

Pr❡❝✐s❡❧② ❧♦❝❛t❡ t❤❡ ❝❛✉s❡ ✭❛♥❞ ❞♦ ♥♦t r❡♣♦rt ❛❢t❡r❡✛❡❝ts✮

  • ✐✈❡ ❝♦♥t❡①t

P❡rs♦♥✐✜❝❛t✐♦♥ ❬✶✻❪

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✺✴✺✵

slide-48
SLIDE 48

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✉rt❤❡r ❈♦♥s✐❞❡r❛t✐♦♥s

❝♦♥✜❣✉r❛t✐♦♥ ❞❡s✐❣♥ ✜rst✿ ❛✈♦✐❞ ❡rr♦rs ✐❢ ♣♦ss✐❜❧❡ ✏❡❞✐t ❤❡r❡ ♠❡♥t❛❧✐t②✑✿ ❞♦ ♥♦t ♣♦✐♥t t♦ ❝♦rr❡❝t st❛t❡♠❡♥ts ❬✶✼❪ ♣r❡❝✐s✐♦♥ ❛♥❞ r❡❝❛❧❧✶ ❬✷✷❪ ❡rr♦r ♠❡ss❛❣❡s s❤♦✉❧❞ ♥♦t ❧❡❛❦ ✐♥t❡r♥❛❧s ❬✹❪ ❞♦ ♥♦t ♣r♦♣♦s❡ s♦❧✉t✐♦♥s ❬✶✼❪ ✐❢ ②♦✉ ❛r❡ ♥♦t s✉r❡ r❡❞✉❝❡ ✈♦❝❛❜✉❧❛r② ❬✶✼❪ t❡♥s✐♦♥ ❜❡t✇❡❡♥ ♣r♦✈✐❞✐♥❣ ❡♥♦✉❣❤ ✐♥❢♦r♠❛t✐♦♥ ❛♥❞ ♥♦t ♦✈❡r✇❤❡❧♠✐♥❣ t❤❡ ✉s❡r ❬✷✷❪ ❝♦❧♦rs ♠✐❣❤t ❤❡❧♣ ❬✷✷❪

✶t❡r♠s ❢r♦♠ ❝❧❛ss✐✜❝❛t✐♦♥✱ ✐t ✐s t❤❡ ♥✉♠❡r✐❝❛❧ ❝♦✉♥t❡r♣❛rt ♦❢ s♦✉♥❞♥❡ss ❛♥❞

❝♦♠♣❧❡t❡♥❡ss

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✻✴✺✵

slide-49
SLIDE 49

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✉rt❤❡r ❈♦♥s✐❞❡r❛t✐♦♥s

❝♦♥✜❣✉r❛t✐♦♥ ❞❡s✐❣♥ ✜rst✿ ❛✈♦✐❞ ❡rr♦rs ✐❢ ♣♦ss✐❜❧❡ ✏❡❞✐t ❤❡r❡ ♠❡♥t❛❧✐t②✑✿ ❞♦ ♥♦t ♣♦✐♥t t♦ ❝♦rr❡❝t st❛t❡♠❡♥ts ❬✶✼❪ ♣r❡❝✐s✐♦♥ ❛♥❞ r❡❝❛❧❧✶ ❬✷✷❪ ❡rr♦r ♠❡ss❛❣❡s s❤♦✉❧❞ ♥♦t ❧❡❛❦ ✐♥t❡r♥❛❧s ❬✹❪ ❞♦ ♥♦t ♣r♦♣♦s❡ s♦❧✉t✐♦♥s ❬✶✼❪ ✐❢ ②♦✉ ❛r❡ ♥♦t s✉r❡ r❡❞✉❝❡ ✈♦❝❛❜✉❧❛r② ❬✶✼❪ t❡♥s✐♦♥ ❜❡t✇❡❡♥ ♣r♦✈✐❞✐♥❣ ❡♥♦✉❣❤ ✐♥❢♦r♠❛t✐♦♥ ❛♥❞ ♥♦t ♦✈❡r✇❤❡❧♠✐♥❣ t❤❡ ✉s❡r ❬✷✷❪ ❝♦❧♦rs ♠✐❣❤t ❤❡❧♣ ❬✷✷❪

✶t❡r♠s ❢r♦♠ ❝❧❛ss✐✜❝❛t✐♦♥✱ ✐t ✐s t❤❡ ♥✉♠❡r✐❝❛❧ ❝♦✉♥t❡r♣❛rt ♦❢ s♦✉♥❞♥❡ss ❛♥❞

❝♦♠♣❧❡t❡♥❡ss

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✻✴✺✵

slide-50
SLIDE 50

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✉rt❤❡r ❈♦♥s✐❞❡r❛t✐♦♥s

❝♦♥✜❣✉r❛t✐♦♥ ❞❡s✐❣♥ ✜rst✿ ❛✈♦✐❞ ❡rr♦rs ✐❢ ♣♦ss✐❜❧❡ ✏❡❞✐t ❤❡r❡ ♠❡♥t❛❧✐t②✑✿ ❞♦ ♥♦t ♣♦✐♥t t♦ ❝♦rr❡❝t st❛t❡♠❡♥ts ❬✶✼❪ ♣r❡❝✐s✐♦♥ ❛♥❞ r❡❝❛❧❧✶ ❬✷✷❪ ❡rr♦r ♠❡ss❛❣❡s s❤♦✉❧❞ ♥♦t ❧❡❛❦ ✐♥t❡r♥❛❧s ❬✹❪ ❞♦ ♥♦t ♣r♦♣♦s❡ s♦❧✉t✐♦♥s ❬✶✼❪ ✐❢ ②♦✉ ❛r❡ ♥♦t s✉r❡ r❡❞✉❝❡ ✈♦❝❛❜✉❧❛r② ❬✶✼❪ t❡♥s✐♦♥ ❜❡t✇❡❡♥ ♣r♦✈✐❞✐♥❣ ❡♥♦✉❣❤ ✐♥❢♦r♠❛t✐♦♥ ❛♥❞ ♥♦t ♦✈❡r✇❤❡❧♠✐♥❣ t❤❡ ✉s❡r ❬✷✷❪ ❝♦❧♦rs ♠✐❣❤t ❤❡❧♣ ❬✷✷❪

✶t❡r♠s ❢r♦♠ ❝❧❛ss✐✜❝❛t✐♦♥✱ ✐t ✐s t❤❡ ♥✉♠❡r✐❝❛❧ ❝♦✉♥t❡r♣❛rt ♦❢ s♦✉♥❞♥❡ss ❛♥❞

❝♦♠♣❧❡t❡♥❡ss

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✻✴✺✵

slide-51
SLIDE 51

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✉rt❤❡r ❈♦♥s✐❞❡r❛t✐♦♥s

❝♦♥✜❣✉r❛t✐♦♥ ❞❡s✐❣♥ ✜rst✿ ❛✈♦✐❞ ❡rr♦rs ✐❢ ♣♦ss✐❜❧❡ ✏❡❞✐t ❤❡r❡ ♠❡♥t❛❧✐t②✑✿ ❞♦ ♥♦t ♣♦✐♥t t♦ ❝♦rr❡❝t st❛t❡♠❡♥ts ❬✶✼❪ ♣r❡❝✐s✐♦♥ ❛♥❞ r❡❝❛❧❧✶ ❬✷✷❪ ❡rr♦r ♠❡ss❛❣❡s s❤♦✉❧❞ ♥♦t ❧❡❛❦ ✐♥t❡r♥❛❧s ❬✹❪ ❞♦ ♥♦t ♣r♦♣♦s❡ s♦❧✉t✐♦♥s ❬✶✼❪ ✐❢ ②♦✉ ❛r❡ ♥♦t s✉r❡ r❡❞✉❝❡ ✈♦❝❛❜✉❧❛r② ❬✶✼❪ t❡♥s✐♦♥ ❜❡t✇❡❡♥ ♣r♦✈✐❞✐♥❣ ❡♥♦✉❣❤ ✐♥❢♦r♠❛t✐♦♥ ❛♥❞ ♥♦t ♦✈❡r✇❤❡❧♠✐♥❣ t❤❡ ✉s❡r ❬✷✷❪ ❝♦❧♦rs ♠✐❣❤t ❤❡❧♣ ❬✷✷❪

✶t❡r♠s ❢r♦♠ ❝❧❛ss✐✜❝❛t✐♦♥✱ ✐t ✐s t❤❡ ♥✉♠❡r✐❝❛❧ ❝♦✉♥t❡r♣❛rt ♦❢ s♦✉♥❞♥❡ss ❛♥❞

❝♦♠♣❧❡t❡♥❡ss

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✻✴✺✵

slide-52
SLIDE 52

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✉rt❤❡r ❈♦♥s✐❞❡r❛t✐♦♥s

❝♦♥✜❣✉r❛t✐♦♥ ❞❡s✐❣♥ ✜rst✿ ❛✈♦✐❞ ❡rr♦rs ✐❢ ♣♦ss✐❜❧❡ ✏❡❞✐t ❤❡r❡ ♠❡♥t❛❧✐t②✑✿ ❞♦ ♥♦t ♣♦✐♥t t♦ ❝♦rr❡❝t st❛t❡♠❡♥ts ❬✶✼❪ ♣r❡❝✐s✐♦♥ ❛♥❞ r❡❝❛❧❧✶ ❬✷✷❪ ❡rr♦r ♠❡ss❛❣❡s s❤♦✉❧❞ ♥♦t ❧❡❛❦ ✐♥t❡r♥❛❧s ❬✹❪ ❞♦ ♥♦t ♣r♦♣♦s❡ s♦❧✉t✐♦♥s ❬✶✼❪ ✐❢ ②♦✉ ❛r❡ ♥♦t s✉r❡ r❡❞✉❝❡ ✈♦❝❛❜✉❧❛r② ❬✶✼❪ t❡♥s✐♦♥ ❜❡t✇❡❡♥ ♣r♦✈✐❞✐♥❣ ❡♥♦✉❣❤ ✐♥❢♦r♠❛t✐♦♥ ❛♥❞ ♥♦t ♦✈❡r✇❤❡❧♠✐♥❣ t❤❡ ✉s❡r ❬✷✷❪ ❝♦❧♦rs ♠✐❣❤t ❤❡❧♣ ❬✷✷❪

✶t❡r♠s ❢r♦♠ ❝❧❛ss✐✜❝❛t✐♦♥✱ ✐t ✐s t❤❡ ♥✉♠❡r✐❝❛❧ ❝♦✉♥t❡r♣❛rt ♦❢ s♦✉♥❞♥❡ss ❛♥❞

❝♦♠♣❧❡t❡♥❡ss

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✻✴✺✵

slide-53
SLIDE 53

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✉rt❤❡r ❈♦♥s✐❞❡r❛t✐♦♥s

❝♦♥✜❣✉r❛t✐♦♥ ❞❡s✐❣♥ ✜rst✿ ❛✈♦✐❞ ❡rr♦rs ✐❢ ♣♦ss✐❜❧❡ ✏❡❞✐t ❤❡r❡ ♠❡♥t❛❧✐t②✑✿ ❞♦ ♥♦t ♣♦✐♥t t♦ ❝♦rr❡❝t st❛t❡♠❡♥ts ❬✶✼❪ ♣r❡❝✐s✐♦♥ ❛♥❞ r❡❝❛❧❧✶ ❬✷✷❪ ❡rr♦r ♠❡ss❛❣❡s s❤♦✉❧❞ ♥♦t ❧❡❛❦ ✐♥t❡r♥❛❧s ❬✹❪ ❞♦ ♥♦t ♣r♦♣♦s❡ s♦❧✉t✐♦♥s ❬✶✼❪ ✐❢ ②♦✉ ❛r❡ ♥♦t s✉r❡ r❡❞✉❝❡ ✈♦❝❛❜✉❧❛r② ❬✶✼❪ t❡♥s✐♦♥ ❜❡t✇❡❡♥ ♣r♦✈✐❞✐♥❣ ❡♥♦✉❣❤ ✐♥❢♦r♠❛t✐♦♥ ❛♥❞ ♥♦t ♦✈❡r✇❤❡❧♠✐♥❣ t❤❡ ✉s❡r ❬✷✷❪ ❝♦❧♦rs ♠✐❣❤t ❤❡❧♣ ❬✷✷❪

✶t❡r♠s ❢r♦♠ ❝❧❛ss✐✜❝❛t✐♦♥✱ ✐t ✐s t❤❡ ♥✉♠❡r✐❝❛❧ ❝♦✉♥t❡r♣❛rt ♦❢ s♦✉♥❞♥❡ss ❛♥❞

❝♦♠♣❧❡t❡♥❡ss

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✻✴✺✵

slide-54
SLIDE 54

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✉rt❤❡r ❈♦♥s✐❞❡r❛t✐♦♥s

❝♦♥✜❣✉r❛t✐♦♥ ❞❡s✐❣♥ ✜rst✿ ❛✈♦✐❞ ❡rr♦rs ✐❢ ♣♦ss✐❜❧❡ ✏❡❞✐t ❤❡r❡ ♠❡♥t❛❧✐t②✑✿ ❞♦ ♥♦t ♣♦✐♥t t♦ ❝♦rr❡❝t st❛t❡♠❡♥ts ❬✶✼❪ ♣r❡❝✐s✐♦♥ ❛♥❞ r❡❝❛❧❧✶ ❬✷✷❪ ❡rr♦r ♠❡ss❛❣❡s s❤♦✉❧❞ ♥♦t ❧❡❛❦ ✐♥t❡r♥❛❧s ❬✹❪ ❞♦ ♥♦t ♣r♦♣♦s❡ s♦❧✉t✐♦♥s ❬✶✼❪ ✐❢ ②♦✉ ❛r❡ ♥♦t s✉r❡ r❡❞✉❝❡ ✈♦❝❛❜✉❧❛r② ❬✶✼❪ t❡♥s✐♦♥ ❜❡t✇❡❡♥ ♣r♦✈✐❞✐♥❣ ❡♥♦✉❣❤ ✐♥❢♦r♠❛t✐♦♥ ❛♥❞ ♥♦t ♦✈❡r✇❤❡❧♠✐♥❣ t❤❡ ✉s❡r ❬✷✷❪ ❝♦❧♦rs ♠✐❣❤t ❤❡❧♣ ❬✷✷❪

✶t❡r♠s ❢r♦♠ ❝❧❛ss✐✜❝❛t✐♦♥✱ ✐t ✐s t❤❡ ♥✉♠❡r✐❝❛❧ ❝♦✉♥t❡r♣❛rt ♦❢ s♦✉♥❞♥❡ss ❛♥❞

❝♦♠♣❧❡t❡♥❡ss

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✻✴✺✵

slide-55
SLIDE 55

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✉rt❤❡r ❈♦♥s✐❞❡r❛t✐♦♥s

❝♦♥✜❣✉r❛t✐♦♥ ❞❡s✐❣♥ ✜rst✿ ❛✈♦✐❞ ❡rr♦rs ✐❢ ♣♦ss✐❜❧❡ ✏❡❞✐t ❤❡r❡ ♠❡♥t❛❧✐t②✑✿ ❞♦ ♥♦t ♣♦✐♥t t♦ ❝♦rr❡❝t st❛t❡♠❡♥ts ❬✶✼❪ ♣r❡❝✐s✐♦♥ ❛♥❞ r❡❝❛❧❧✶ ❬✷✷❪ ❡rr♦r ♠❡ss❛❣❡s s❤♦✉❧❞ ♥♦t ❧❡❛❦ ✐♥t❡r♥❛❧s ❬✹❪ ❞♦ ♥♦t ♣r♦♣♦s❡ s♦❧✉t✐♦♥s ❬✶✼❪ ✐❢ ②♦✉ ❛r❡ ♥♦t s✉r❡ r❡❞✉❝❡ ✈♦❝❛❜✉❧❛r② ❬✶✼❪ t❡♥s✐♦♥ ❜❡t✇❡❡♥ ♣r♦✈✐❞✐♥❣ ❡♥♦✉❣❤ ✐♥❢♦r♠❛t✐♦♥ ❛♥❞ ♥♦t ♦✈❡r✇❤❡❧♠✐♥❣ t❤❡ ✉s❡r ❬✷✷❪ ❝♦❧♦rs ♠✐❣❤t ❤❡❧♣ ❬✷✷❪

✶t❡r♠s ❢r♦♠ ❝❧❛ss✐✜❝❛t✐♦♥✱ ✐t ✐s t❤❡ ♥✉♠❡r✐❝❛❧ ❝♦✉♥t❡r♣❛rt ♦❢ s♦✉♥❞♥❡ss ❛♥❞

❝♦♠♣❧❡t❡♥❡ss

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✻✴✺✵

slide-56
SLIDE 56

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❊rr♦r ▼❡ss❛❣❡s ❢♦r ▼✐s❝♦♥✜❣✉r❛t✐♦♥ ❬✷✸❪

❡rr♦r ♠❡ss❛❣❡s ❛r❡ ♦❢t❡♥ t❤❡ s♦❧❡ ❞❛t❛ s♦✉r❝❡ t♦♦❧ ✉s❡s ♠✐s❝♦♥✜❣✉r❛t✐♦♥ ✐♥❥❡❝t✐♦♥ ❛♥❞ ❝❤❡❝❦s ✐❢ ❡rr♦r ♠❡ss❛❣❡ ♣♦✐♥t t♦ t❤❡ ❝♦rr❡❝t s❡tt✐♥❣ t♦♦❧ r❡q✉✐r❡s s②st❡♠ t❡sts t❤❡② ❝♦♥s✐❞❡r❡❞ ❡rr♦r ♠❡ss❛❣❡ ❛s ♦❦❛② ✐❢ ❦❡② ♦r ✈❛❧✉❡ ✐s ♣r❡s❡♥t ■♠♣❧✐❝❛t✐♦♥ ▼✐ss✐♥❣ ❡rr♦r ♠❡ss❛❣❡ ♠❡❛♥s t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥ ✐s ♥♦t ❝♦♠♣❧❡t❡✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✼✴✺✵

slide-57
SLIDE 57

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❊rr♦r ▼❡ss❛❣❡s ❢♦r ▼✐s❝♦♥✜❣✉r❛t✐♦♥ ❬✷✸❪

❡rr♦r ♠❡ss❛❣❡s ❛r❡ ♦❢t❡♥ t❤❡ s♦❧❡ ❞❛t❛ s♦✉r❝❡ t♦♦❧ ✉s❡s ♠✐s❝♦♥✜❣✉r❛t✐♦♥ ✐♥❥❡❝t✐♦♥ ❛♥❞ ❝❤❡❝❦s ✐❢ ❡rr♦r ♠❡ss❛❣❡ ♣♦✐♥t t♦ t❤❡ ❝♦rr❡❝t s❡tt✐♥❣ t♦♦❧ r❡q✉✐r❡s s②st❡♠ t❡sts t❤❡② ❝♦♥s✐❞❡r❡❞ ❡rr♦r ♠❡ss❛❣❡ ❛s ♦❦❛② ✐❢ ❦❡② ♦r ✈❛❧✉❡ ✐s ♣r❡s❡♥t ■♠♣❧✐❝❛t✐♦♥ ▼✐ss✐♥❣ ❡rr♦r ♠❡ss❛❣❡ ♠❡❛♥s t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥ ✐s ♥♦t ❝♦♠♣❧❡t❡✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✼✴✺✵

slide-58
SLIDE 58

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❊rr♦r ▼❡ss❛❣❡s ❢♦r ▼✐s❝♦♥✜❣✉r❛t✐♦♥ ❬✷✸❪

❡rr♦r ♠❡ss❛❣❡s ❛r❡ ♦❢t❡♥ t❤❡ s♦❧❡ ❞❛t❛ s♦✉r❝❡ t♦♦❧ ✉s❡s ♠✐s❝♦♥✜❣✉r❛t✐♦♥ ✐♥❥❡❝t✐♦♥ ❛♥❞ ❝❤❡❝❦s ✐❢ ❡rr♦r ♠❡ss❛❣❡ ♣♦✐♥t t♦ t❤❡ ❝♦rr❡❝t s❡tt✐♥❣ t♦♦❧ r❡q✉✐r❡s s②st❡♠ t❡sts t❤❡② ❝♦♥s✐❞❡r❡❞ ❡rr♦r ♠❡ss❛❣❡ ❛s ♦❦❛② ✐❢ ❦❡② ♦r ✈❛❧✉❡ ✐s ♣r❡s❡♥t ■♠♣❧✐❝❛t✐♦♥ ▼✐ss✐♥❣ ❡rr♦r ♠❡ss❛❣❡ ♠❡❛♥s t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥ ✐s ♥♦t ❝♦♠♣❧❡t❡✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✼✴✺✵

slide-59
SLIDE 59

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❊rr♦r ▼❡ss❛❣❡s ❢♦r ▼✐s❝♦♥✜❣✉r❛t✐♦♥ ❬✷✸❪

❡rr♦r ♠❡ss❛❣❡s ❛r❡ ♦❢t❡♥ t❤❡ s♦❧❡ ❞❛t❛ s♦✉r❝❡ t♦♦❧ ✉s❡s ♠✐s❝♦♥✜❣✉r❛t✐♦♥ ✐♥❥❡❝t✐♦♥ ❛♥❞ ❝❤❡❝❦s ✐❢ ❡rr♦r ♠❡ss❛❣❡ ♣♦✐♥t t♦ t❤❡ ❝♦rr❡❝t s❡tt✐♥❣ t♦♦❧ r❡q✉✐r❡s s②st❡♠ t❡sts t❤❡② ❝♦♥s✐❞❡r❡❞ ❡rr♦r ♠❡ss❛❣❡ ❛s ♦❦❛② ✐❢ ❦❡② ♦r ✈❛❧✉❡ ✐s ♣r❡s❡♥t ■♠♣❧✐❝❛t✐♦♥ ▼✐ss✐♥❣ ❡rr♦r ♠❡ss❛❣❡ ♠❡❛♥s t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥ ✐s ♥♦t ❝♦♠♣❧❡t❡✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✼✴✺✵

slide-60
SLIDE 60

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❊rr♦r ▼❡ss❛❣❡s ❢♦r ▼✐s❝♦♥✜❣✉r❛t✐♦♥ ❬✷✸❪

❡rr♦r ♠❡ss❛❣❡s ❛r❡ ♦❢t❡♥ t❤❡ s♦❧❡ ❞❛t❛ s♦✉r❝❡ t♦♦❧ ✉s❡s ♠✐s❝♦♥✜❣✉r❛t✐♦♥ ✐♥❥❡❝t✐♦♥ ❛♥❞ ❝❤❡❝❦s ✐❢ ❡rr♦r ♠❡ss❛❣❡ ♣♦✐♥t t♦ t❤❡ ❝♦rr❡❝t s❡tt✐♥❣ t♦♦❧ r❡q✉✐r❡s s②st❡♠ t❡sts t❤❡② ❝♦♥s✐❞❡r❡❞ ❡rr♦r ♠❡ss❛❣❡ ❛s ♦❦❛② ✐❢ ❦❡② ♦r ✈❛❧✉❡ ✐s ♣r❡s❡♥t ■♠♣❧✐❝❛t✐♦♥ ▼✐ss✐♥❣ ❡rr♦r ♠❡ss❛❣❡ ♠❡❛♥s t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥ ✐s ♥♦t ❝♦♠♣❧❡t❡✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✼✴✺✵

slide-61
SLIDE 61

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥t❡①t ❢♦r ❡rr♦r ♠❡ss❛❣❡s

❊rr♦r ♠❡ss❛❣❡s s❤♦✉❧❞ ❝♦♥t❛✐♥✿ ♣✐♥✲♣♦✐♥t ❦❡② ✭✇❤✐❝❤ ❛❧s♦ ♣✐♥✲♣♦✐♥ts t♦ t❤❡ s♣❡❝✐✜❝❛t✐♦♥✮ r❡♣❡❛t r❡❧❡✈❛♥t ♣❛rts ♦❢ ✈❛❧✉❡s ❛♥❞ t❤❡ s♣❡❝✐✜❝❛t✐♦♥ s❤♦✇ ♠♦✉♥t♣♦✐♥t ✭t♦ ♠❛❦❡ r❡❧❛t✐✈❡ ❦❡②s ✉♥✐q✉❡✮ s❤♦✇ ✜❧❡ ♥❛♠❡ ❛♥❞ ❧✐♥❡ ♥✉♠❜❡r ❢♦r r❡♣♦rt✐♥❣ ❜✉❣s✿ s❤♦✇ s♦✉r❝❡ ❝♦❞❡ ❧✐♥❡s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✽✴✺✵

slide-62
SLIDE 62

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥t❡①t ❢♦r ❡rr♦r ♠❡ss❛❣❡s

❊rr♦r ♠❡ss❛❣❡s s❤♦✉❧❞ ❝♦♥t❛✐♥✿ ♣✐♥✲♣♦✐♥t ❦❡② ✭✇❤✐❝❤ ❛❧s♦ ♣✐♥✲♣♦✐♥ts t♦ t❤❡ s♣❡❝✐✜❝❛t✐♦♥✮ r❡♣❡❛t r❡❧❡✈❛♥t ♣❛rts ♦❢ ✈❛❧✉❡s ❛♥❞ t❤❡ s♣❡❝✐✜❝❛t✐♦♥ s❤♦✇ ♠♦✉♥t♣♦✐♥t ✭t♦ ♠❛❦❡ r❡❧❛t✐✈❡ ❦❡②s ✉♥✐q✉❡✮ s❤♦✇ ✜❧❡ ♥❛♠❡ ❛♥❞ ❧✐♥❡ ♥✉♠❜❡r ❢♦r r❡♣♦rt✐♥❣ ❜✉❣s✿ s❤♦✇ s♦✉r❝❡ ❝♦❞❡ ❧✐♥❡s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✽✴✺✵

slide-63
SLIDE 63

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥t❡①t ❢♦r ❡rr♦r ♠❡ss❛❣❡s

❊rr♦r ♠❡ss❛❣❡s s❤♦✉❧❞ ❝♦♥t❛✐♥✿ ♣✐♥✲♣♦✐♥t ❦❡② ✭✇❤✐❝❤ ❛❧s♦ ♣✐♥✲♣♦✐♥ts t♦ t❤❡ s♣❡❝✐✜❝❛t✐♦♥✮ r❡♣❡❛t r❡❧❡✈❛♥t ♣❛rts ♦❢ ✈❛❧✉❡s ❛♥❞ t❤❡ s♣❡❝✐✜❝❛t✐♦♥ s❤♦✇ ♠♦✉♥t♣♦✐♥t ✭t♦ ♠❛❦❡ r❡❧❛t✐✈❡ ❦❡②s ✉♥✐q✉❡✮ s❤♦✇ ✜❧❡ ♥❛♠❡ ❛♥❞ ❧✐♥❡ ♥✉♠❜❡r ❢♦r r❡♣♦rt✐♥❣ ❜✉❣s✿ s❤♦✇ s♦✉r❝❡ ❝♦❞❡ ❧✐♥❡s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✽✴✺✵

slide-64
SLIDE 64

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥t❡①t ❢♦r ❡rr♦r ♠❡ss❛❣❡s

❊rr♦r ♠❡ss❛❣❡s s❤♦✉❧❞ ❝♦♥t❛✐♥✿ ♣✐♥✲♣♦✐♥t ❦❡② ✭✇❤✐❝❤ ❛❧s♦ ♣✐♥✲♣♦✐♥ts t♦ t❤❡ s♣❡❝✐✜❝❛t✐♦♥✮ r❡♣❡❛t r❡❧❡✈❛♥t ♣❛rts ♦❢ ✈❛❧✉❡s ❛♥❞ t❤❡ s♣❡❝✐✜❝❛t✐♦♥ s❤♦✇ ♠♦✉♥t♣♦✐♥t ✭t♦ ♠❛❦❡ r❡❧❛t✐✈❡ ❦❡②s ✉♥✐q✉❡✮ s❤♦✇ ✜❧❡ ♥❛♠❡ ❛♥❞ ❧✐♥❡ ♥✉♠❜❡r ❢♦r r❡♣♦rt✐♥❣ ❜✉❣s✿ s❤♦✇ s♦✉r❝❡ ❝♦❞❡ ❧✐♥❡s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✽✴✺✵

slide-65
SLIDE 65

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥t❡①t ❢♦r ❡rr♦r ♠❡ss❛❣❡s

❊rr♦r ♠❡ss❛❣❡s s❤♦✉❧❞ ❝♦♥t❛✐♥✿ ♣✐♥✲♣♦✐♥t ❦❡② ✭✇❤✐❝❤ ❛❧s♦ ♣✐♥✲♣♦✐♥ts t♦ t❤❡ s♣❡❝✐✜❝❛t✐♦♥✮ r❡♣❡❛t r❡❧❡✈❛♥t ♣❛rts ♦❢ ✈❛❧✉❡s ❛♥❞ t❤❡ s♣❡❝✐✜❝❛t✐♦♥ s❤♦✇ ♠♦✉♥t♣♦✐♥t ✭t♦ ♠❛❦❡ r❡❧❛t✐✈❡ ❦❡②s ✉♥✐q✉❡✮ s❤♦✇ ✜❧❡ ♥❛♠❡ ❛♥❞ ❧✐♥❡ ♥✉♠❜❡r ❢♦r r❡♣♦rt✐♥❣ ❜✉❣s✿ s❤♦✇ s♦✉r❝❡ ❝♦❞❡ ❧✐♥❡s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✽✴✺✵

slide-66
SLIDE 66

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

Pr❡❝✐s❡ ▲♦❝❛t✐♦♥ ✭❘❡❝❛♣✐t✉❧❛t✐♦♥✮

1 ❛❂✺

❀ ✉♥♠♦❞✐❢✐❡❞

2 ❜❂✶✵ ❀ ♠♦❞✐❢✐❝❛t✐♦♥ ❜✐t ✐♥ ♠❡t❛❞❛t❛ 3

❀ ✐s ♦♥❧② s❡t ❤❡r❡

4 ❝❂✶✺ ❀ ✉♥♠♦❞✐❢✐❡❞ ❜② ✉s❡r ❜✉t ❝❤❛♥❣❡❞ 5

❀ ❧❛t❡r ❜② ❛ss✐❣♥✴♠❛t❤

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✾✴✺✵

slide-67
SLIDE 67

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❊①❛♠♣❧❡ ❊rr♦r ▼❡ss❛❣❡s ✭❘❡❝❛♣✐t✉❧❛t✐♦♥✮

❙♦rr②✱ ■ ✇❛s ✉♥❛❜❧❡ t♦ ❝❤❛♥❣❡ t❤❡ ❝♦♥❢✐❣✉r❛t✐♦♥ s❡tt✐♥❣s✦ ❉❡s❝r✐♣t✐♦♥✿ ■ tr✐❡❞ t♦ s❡t ❛ ✈❛❧✉❡ ♦✉ts✐❞❡ t❤❡ r❛♥❣❡✦ ❘❡❛s♦♥✿ ■ tr✐❡❞ t♦ ♠♦❞✐❢② ❜ t♦ ❜❡ ✶✵ ❜✉t t❤✐s ❝❛✉s❡❞ ❝ t♦ ❜❡ ♦✉ts✐❞❡ ♦❢ t❤❡ ❛❧❧♦✇❡❞ r❛♥❣❡ ✭✵✲✶✵✮✳ ▼♦❞✉❧❡✿ r❛♥❣❡ ❆t✿ s♦✉r❝❡❢✐❧❡✳❝✿✶✷✸✹ ▼♦✉♥t♣♦✐♥t✿ ✴t❡st ❈♦♥❢✐❣❢✐❧❡✿ ✴❡t❝✴t❡st❢✐❧❡✳❝♦♥❢

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✵✴✺✵

slide-68
SLIDE 68

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❊①❛♠♣❧❡ ❊rr♦r ▼❡ss❛❣❡s ✭■♠♣r♦✈❡♠❡♥t✮

❙♦rr②✱ ♠♦❞✉❧❡ r❛♥❣❡ ✐ss✉❡❞ ❡rr♦r ❈✵✸✶✵✵✿ ■ tr✐❡❞ t♦ ♠♦❞✐❢② ❜ t♦ ❜❡ ✶✵ ❜✉t t❤✐s ❝❛✉s❡❞ ❝ t♦ ❜❡ ♦✉ts✐❞❡ ♦❢ t❤❡ ❛❧❧♦✇❡❞ r❛♥❣❡ ✭✵✲✶✵✮✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✶✴✺✵

slide-69
SLIDE 69

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❯s❡r ❱✐❡✇

❘❡❝❛♣✐t✉❧❛t✐♦♥

❈▼ ❧❛♥❣✉❛❣❡s

❊rr♦r ▼❡ss❛❣❡s

❯s❡r ❱✐❡✇

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✷✴✺✵

slide-70
SLIDE 70

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❯s❡r ❱✐❡✇

❲❤♦ ✐s t❤❡ ✉s❡r ♦❢ ❈▼❄ ❊♥❞ ❯s❡rs❄ ❉❡✈❡❧♦♣❡rs ✭❞❡✈s✮❄ ❙②st❡♠ ❆❞♠✐♥✐str❛t♦rs ✭❛❞♠✐♥s✮❄

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✸✴✺✵

slide-71
SLIDE 71

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❯s❡r ❱✐❡✇

❲❤♦ ✐s t❤❡ ✉s❡r ♦❢ ❈▼❄ ❊♥❞ ❯s❡rs❄ ❉❡✈❡❧♦♣❡rs ✭❞❡✈s✮❄ ❙②st❡♠ ❆❞♠✐♥✐str❛t♦rs ✭❛❞♠✐♥s✮❄

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✸✴✺✵

slide-72
SLIDE 72

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❯s❡r ❱✐❡✇

❲❤♦ ✐s t❤❡ ✉s❡r ♦❢ ❈▼❄ ❊♥❞ ❯s❡rs❄ ❉❡✈❡❧♦♣❡rs ✭❞❡✈s✮❄ ❙②st❡♠ ❆❞♠✐♥✐str❛t♦rs ✭❛❞♠✐♥s✮❄

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✸✴✺✵

slide-73
SLIDE 73

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❙②st❡♠ ❆❞♠✐♥✐str❛t♦r ❘❡s❡❛r❝❤

■♥t❡r❡st ♦❢ ✉♥❞❡rst❛♥❞✐♥❣ ❛❞♠✐♥✐str❛t♦rs ❡♠❡r❣❡❞ ❛r♦✉♥❞ ✷✵✵✷ ❬✶❪✳ ❚②♣✐❝❛❧ ♠❡t❤♦❞s ❛r❡ s✉r✈❡②s✱ ❞✐❛r② st✉❞✐❡s✱ ✐♥t❡r✈✐❡✇s ❛♥❞ ♦❜s❡r✈❛t✐♦♥s ✭❡t❤♥♦❣r❛♣❤✐❝ ✜❡❧❞ st✉❞✐❡s✮✳ ❋✐❡❧❞ st✉❞✐❡s ❛❧s♦ ❞♦♥❡ ✐♥ ✐♥❞✉str② ❬✸❪✳ ❇❛rr❡tt ❬✷❪ tr✐❡❞ t♦ ✐♥✐t✐❛t❡ ❛ ✇♦r❦s❤♦♣ ❛t ❈❍■ ✷✵✵✸ t♦ ❞r❛✇ t❤❡ ❛tt❡♥t✐♦♥ ♦❢ t❤❡ ❍❈■ ❝♦♠♠✉♥✐t② t♦✇❛r❞s s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥✳ ❚❤❡ ✇♦r❦s❤♦♣ ✇❛s ❛❧r❡❛❞② ❞r♦♣♣❡❞ ✐♥ t❤❡ ♥❡①t ②❡❛r✳ ❚❤❡ t❡♥♦r ✐s t❤❛t ✏t♦♦❧s ✳✳✳ ❛r❡ ♥♦t ✇❡❧❧ ❛❧✐❣♥❡❞✑ ❬✶✸❪✳ ❘❡s❡❛r❝❤ ♠❛✐♥❧② ❧♦♦❦s ❛t ♣r❡✲❈▼✳ ▼❛♥✉❛❧ ❛❞♠✐♥✐str❛t✐♦♥ ✐s st✐❧❧ st❛♥❞❛r❞ ✭❙♦✉r❝❡✿ ❡✳❣✳✱ ▲✉❦❡ ❑❛♥✐❡s✮✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✹✴✺✵

slide-74
SLIDE 74

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❙②st❡♠ ❆❞♠✐♥✐str❛t♦r ❘❡s❡❛r❝❤

■♥t❡r❡st ♦❢ ✉♥❞❡rst❛♥❞✐♥❣ ❛❞♠✐♥✐str❛t♦rs ❡♠❡r❣❡❞ ❛r♦✉♥❞ ✷✵✵✷ ❬✶❪✳ ❚②♣✐❝❛❧ ♠❡t❤♦❞s ❛r❡ s✉r✈❡②s✱ ❞✐❛r② st✉❞✐❡s✱ ✐♥t❡r✈✐❡✇s ❛♥❞ ♦❜s❡r✈❛t✐♦♥s ✭❡t❤♥♦❣r❛♣❤✐❝ ✜❡❧❞ st✉❞✐❡s✮✳ ❋✐❡❧❞ st✉❞✐❡s ❛❧s♦ ❞♦♥❡ ✐♥ ✐♥❞✉str② ❬✸❪✳ ❇❛rr❡tt ❬✷❪ tr✐❡❞ t♦ ✐♥✐t✐❛t❡ ❛ ✇♦r❦s❤♦♣ ❛t ❈❍■ ✷✵✵✸ t♦ ❞r❛✇ t❤❡ ❛tt❡♥t✐♦♥ ♦❢ t❤❡ ❍❈■ ❝♦♠♠✉♥✐t② t♦✇❛r❞s s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥✳ ❚❤❡ ✇♦r❦s❤♦♣ ✇❛s ❛❧r❡❛❞② ❞r♦♣♣❡❞ ✐♥ t❤❡ ♥❡①t ②❡❛r✳ ❚❤❡ t❡♥♦r ✐s t❤❛t ✏t♦♦❧s ✳✳✳ ❛r❡ ♥♦t ✇❡❧❧ ❛❧✐❣♥❡❞✑ ❬✶✸❪✳ ❘❡s❡❛r❝❤ ♠❛✐♥❧② ❧♦♦❦s ❛t ♣r❡✲❈▼✳ ▼❛♥✉❛❧ ❛❞♠✐♥✐str❛t✐♦♥ ✐s st✐❧❧ st❛♥❞❛r❞ ✭❙♦✉r❝❡✿ ❡✳❣✳✱ ▲✉❦❡ ❑❛♥✐❡s✮✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✹✴✺✵

slide-75
SLIDE 75

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❙②st❡♠ ❆❞♠✐♥✐str❛t♦r ❘❡s❡❛r❝❤

■♥t❡r❡st ♦❢ ✉♥❞❡rst❛♥❞✐♥❣ ❛❞♠✐♥✐str❛t♦rs ❡♠❡r❣❡❞ ❛r♦✉♥❞ ✷✵✵✷ ❬✶❪✳ ❚②♣✐❝❛❧ ♠❡t❤♦❞s ❛r❡ s✉r✈❡②s✱ ❞✐❛r② st✉❞✐❡s✱ ✐♥t❡r✈✐❡✇s ❛♥❞ ♦❜s❡r✈❛t✐♦♥s ✭❡t❤♥♦❣r❛♣❤✐❝ ✜❡❧❞ st✉❞✐❡s✮✳ ❋✐❡❧❞ st✉❞✐❡s ❛❧s♦ ❞♦♥❡ ✐♥ ✐♥❞✉str② ❬✸❪✳ ❇❛rr❡tt ❬✷❪ tr✐❡❞ t♦ ✐♥✐t✐❛t❡ ❛ ✇♦r❦s❤♦♣ ❛t ❈❍■ ✷✵✵✸ t♦ ❞r❛✇ t❤❡ ❛tt❡♥t✐♦♥ ♦❢ t❤❡ ❍❈■ ❝♦♠♠✉♥✐t② t♦✇❛r❞s s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥✳ ❚❤❡ ✇♦r❦s❤♦♣ ✇❛s ❛❧r❡❛❞② ❞r♦♣♣❡❞ ✐♥ t❤❡ ♥❡①t ②❡❛r✳ ❚❤❡ t❡♥♦r ✐s t❤❛t ✏t♦♦❧s ✳✳✳ ❛r❡ ♥♦t ✇❡❧❧ ❛❧✐❣♥❡❞✑ ❬✶✸❪✳ ❘❡s❡❛r❝❤ ♠❛✐♥❧② ❧♦♦❦s ❛t ♣r❡✲❈▼✳ ▼❛♥✉❛❧ ❛❞♠✐♥✐str❛t✐♦♥ ✐s st✐❧❧ st❛♥❞❛r❞ ✭❙♦✉r❝❡✿ ❡✳❣✳✱ ▲✉❦❡ ❑❛♥✐❡s✮✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✹✴✺✵

slide-76
SLIDE 76

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❙②st❡♠ ❆❞♠✐♥✐str❛t♦r ❘❡s❡❛r❝❤

■♥t❡r❡st ♦❢ ✉♥❞❡rst❛♥❞✐♥❣ ❛❞♠✐♥✐str❛t♦rs ❡♠❡r❣❡❞ ❛r♦✉♥❞ ✷✵✵✷ ❬✶❪✳ ❚②♣✐❝❛❧ ♠❡t❤♦❞s ❛r❡ s✉r✈❡②s✱ ❞✐❛r② st✉❞✐❡s✱ ✐♥t❡r✈✐❡✇s ❛♥❞ ♦❜s❡r✈❛t✐♦♥s ✭❡t❤♥♦❣r❛♣❤✐❝ ✜❡❧❞ st✉❞✐❡s✮✳ ❋✐❡❧❞ st✉❞✐❡s ❛❧s♦ ❞♦♥❡ ✐♥ ✐♥❞✉str② ❬✸❪✳ ❇❛rr❡tt ❬✷❪ tr✐❡❞ t♦ ✐♥✐t✐❛t❡ ❛ ✇♦r❦s❤♦♣ ❛t ❈❍■ ✷✵✵✸ t♦ ❞r❛✇ t❤❡ ❛tt❡♥t✐♦♥ ♦❢ t❤❡ ❍❈■ ❝♦♠♠✉♥✐t② t♦✇❛r❞s s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥✳ ❚❤❡ ✇♦r❦s❤♦♣ ✇❛s ❛❧r❡❛❞② ❞r♦♣♣❡❞ ✐♥ t❤❡ ♥❡①t ②❡❛r✳ ❚❤❡ t❡♥♦r ✐s t❤❛t ✏t♦♦❧s ✳✳✳ ❛r❡ ♥♦t ✇❡❧❧ ❛❧✐❣♥❡❞✑ ❬✶✸❪✳ ❘❡s❡❛r❝❤ ♠❛✐♥❧② ❧♦♦❦s ❛t ♣r❡✲❈▼✳ ▼❛♥✉❛❧ ❛❞♠✐♥✐str❛t✐♦♥ ✐s st✐❧❧ st❛♥❞❛r❞ ✭❙♦✉r❝❡✿ ❡✳❣✳✱ ▲✉❦❡ ❑❛♥✐❡s✮✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✹✴✺✵

slide-77
SLIDE 77

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❙②st❡♠ ❆❞♠✐♥✐str❛t♦r ❘❡s❡❛r❝❤

■♥t❡r❡st ♦❢ ✉♥❞❡rst❛♥❞✐♥❣ ❛❞♠✐♥✐str❛t♦rs ❡♠❡r❣❡❞ ❛r♦✉♥❞ ✷✵✵✷ ❬✶❪✳ ❚②♣✐❝❛❧ ♠❡t❤♦❞s ❛r❡ s✉r✈❡②s✱ ❞✐❛r② st✉❞✐❡s✱ ✐♥t❡r✈✐❡✇s ❛♥❞ ♦❜s❡r✈❛t✐♦♥s ✭❡t❤♥♦❣r❛♣❤✐❝ ✜❡❧❞ st✉❞✐❡s✮✳ ❋✐❡❧❞ st✉❞✐❡s ❛❧s♦ ❞♦♥❡ ✐♥ ✐♥❞✉str② ❬✸❪✳ ❇❛rr❡tt ❬✷❪ tr✐❡❞ t♦ ✐♥✐t✐❛t❡ ❛ ✇♦r❦s❤♦♣ ❛t ❈❍■ ✷✵✵✸ t♦ ❞r❛✇ t❤❡ ❛tt❡♥t✐♦♥ ♦❢ t❤❡ ❍❈■ ❝♦♠♠✉♥✐t② t♦✇❛r❞s s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥✳ ❚❤❡ ✇♦r❦s❤♦♣ ✇❛s ❛❧r❡❛❞② ❞r♦♣♣❡❞ ✐♥ t❤❡ ♥❡①t ②❡❛r✳ ❚❤❡ t❡♥♦r ✐s t❤❛t ✏t♦♦❧s ✳✳✳ ❛r❡ ♥♦t ✇❡❧❧ ❛❧✐❣♥❡❞✑ ❬✶✸❪✳ ❘❡s❡❛r❝❤ ♠❛✐♥❧② ❧♦♦❦s ❛t ♣r❡✲❈▼✳ ▼❛♥✉❛❧ ❛❞♠✐♥✐str❛t✐♦♥ ✐s st✐❧❧ st❛♥❞❛r❞ ✭❙♦✉r❝❡✿ ❡✳❣✳✱ ▲✉❦❡ ❑❛♥✐❡s✮✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✹✴✺✵

slide-78
SLIDE 78

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❙②st❡♠ ❆❞♠✐♥✐str❛t♦r ❘❡s❡❛r❝❤

■♥t❡r❡st ♦❢ ✉♥❞❡rst❛♥❞✐♥❣ ❛❞♠✐♥✐str❛t♦rs ❡♠❡r❣❡❞ ❛r♦✉♥❞ ✷✵✵✷ ❬✶❪✳ ❚②♣✐❝❛❧ ♠❡t❤♦❞s ❛r❡ s✉r✈❡②s✱ ❞✐❛r② st✉❞✐❡s✱ ✐♥t❡r✈✐❡✇s ❛♥❞ ♦❜s❡r✈❛t✐♦♥s ✭❡t❤♥♦❣r❛♣❤✐❝ ✜❡❧❞ st✉❞✐❡s✮✳ ❋✐❡❧❞ st✉❞✐❡s ❛❧s♦ ❞♦♥❡ ✐♥ ✐♥❞✉str② ❬✸❪✳ ❇❛rr❡tt ❬✷❪ tr✐❡❞ t♦ ✐♥✐t✐❛t❡ ❛ ✇♦r❦s❤♦♣ ❛t ❈❍■ ✷✵✵✸ t♦ ❞r❛✇ t❤❡ ❛tt❡♥t✐♦♥ ♦❢ t❤❡ ❍❈■ ❝♦♠♠✉♥✐t② t♦✇❛r❞s s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥✳ ❚❤❡ ✇♦r❦s❤♦♣ ✇❛s ❛❧r❡❛❞② ❞r♦♣♣❡❞ ✐♥ t❤❡ ♥❡①t ②❡❛r✳ ❚❤❡ t❡♥♦r ✐s t❤❛t ✏t♦♦❧s ✳✳✳ ❛r❡ ♥♦t ✇❡❧❧ ❛❧✐❣♥❡❞✑ ❬✶✸❪✳ ❘❡s❡❛r❝❤ ♠❛✐♥❧② ❧♦♦❦s ❛t ♣r❡✲❈▼✳ ▼❛♥✉❛❧ ❛❞♠✐♥✐str❛t✐♦♥ ✐s st✐❧❧ st❛♥❞❛r❞ ✭❙♦✉r❝❡✿ ❡✳❣✳✱ ▲✉❦❡ ❑❛♥✐❡s✮✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✹✴✺✵

slide-79
SLIDE 79

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❙②st❡♠ ❆❞♠✐♥✐str❛t♦r ❘❡s❡❛r❝❤

■♥t❡r❡st ♦❢ ✉♥❞❡rst❛♥❞✐♥❣ ❛❞♠✐♥✐str❛t♦rs ❡♠❡r❣❡❞ ❛r♦✉♥❞ ✷✵✵✷ ❬✶❪✳ ❚②♣✐❝❛❧ ♠❡t❤♦❞s ❛r❡ s✉r✈❡②s✱ ❞✐❛r② st✉❞✐❡s✱ ✐♥t❡r✈✐❡✇s ❛♥❞ ♦❜s❡r✈❛t✐♦♥s ✭❡t❤♥♦❣r❛♣❤✐❝ ✜❡❧❞ st✉❞✐❡s✮✳ ❋✐❡❧❞ st✉❞✐❡s ❛❧s♦ ❞♦♥❡ ✐♥ ✐♥❞✉str② ❬✸❪✳ ❇❛rr❡tt ❬✷❪ tr✐❡❞ t♦ ✐♥✐t✐❛t❡ ❛ ✇♦r❦s❤♦♣ ❛t ❈❍■ ✷✵✵✸ t♦ ❞r❛✇ t❤❡ ❛tt❡♥t✐♦♥ ♦❢ t❤❡ ❍❈■ ❝♦♠♠✉♥✐t② t♦✇❛r❞s s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥✳ ❚❤❡ ✇♦r❦s❤♦♣ ✇❛s ❛❧r❡❛❞② ❞r♦♣♣❡❞ ✐♥ t❤❡ ♥❡①t ②❡❛r✳ ❚❤❡ t❡♥♦r ✐s t❤❛t ✏t♦♦❧s ✳✳✳ ❛r❡ ♥♦t ✇❡❧❧ ❛❧✐❣♥❡❞✑ ❬✶✸❪✳ ❘❡s❡❛r❝❤ ♠❛✐♥❧② ❧♦♦❦s ❛t ♣r❡✲❈▼✳ ▼❛♥✉❛❧ ❛❞♠✐♥✐str❛t✐♦♥ ✐s st✐❧❧ st❛♥❞❛r❞ ✭❙♦✉r❝❡✿ ❡✳❣✳✱ ▲✉❦❡ ❑❛♥✐❡s✮✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✹✴✺✵

slide-80
SLIDE 80

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈▼ r❡s❡❛r❝❤

■♥ t❤❡ ♠❡❛♥✇❤✐❧❡ ❛t ▲❛r❣❡ ■♥st❛❧❧❛t✐♦♥ ❙②st❡♠ ❆❞♠✐♥✐str❛t♦r ❈♦♥❢❡r❡♥❝❡ ✭▲■❙❆✮✿ ❜❡❣❛♥ ❛s ❈❋❡♥❣✐♥❡ ❲♦r❦s❤♦♣ ❛t ▲■❙❆ ✷✵✵✶ ❈▼ ✇♦r❦s❤♦♣ ❜② P❛✉❧ ❆♥❞❡rs♦♥ ❬✶❪ ✐♥ ▲■❙❆ ✷✵✵✸ ❛♥ ✐♥❢♦r♠❛❧ ♣♦❧❧ ❛s❦❡❞ ❛❜♦✉t ❈▼ t♦♦❧s✿ t❤❡ ♦♥❧② ✉s❡r ♦❢ ❡❛❝❤ t♦♦❧ ✐♥ t❤❡ r♦♦♠ ❛t t❤❡ t✐♠❡ ✇❛s ✐ts ❛✉t❤♦r ❬✼❪ ✐t ✐s ❡❛s② t♦ ✐♥✈❡♥t ❈▼ t♦♦❧s ✭❛♥❞ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡ ❢♦r♠❛ts✮ ✐t ✐s ❞✐✣❝✉❧t t♦ ♠❛❦❡ ✐t ✉s❡❢✉❧ ❜❡②♦♥❞ ②♦✉r ♦✇♥ ❣♦❛❧s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✺✴✺✵

slide-81
SLIDE 81

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈▼ r❡s❡❛r❝❤

■♥ t❤❡ ♠❡❛♥✇❤✐❧❡ ❛t ▲❛r❣❡ ■♥st❛❧❧❛t✐♦♥ ❙②st❡♠ ❆❞♠✐♥✐str❛t♦r ❈♦♥❢❡r❡♥❝❡ ✭▲■❙❆✮✿ ❜❡❣❛♥ ❛s ❈❋❡♥❣✐♥❡ ❲♦r❦s❤♦♣ ❛t ▲■❙❆ ✷✵✵✶ ❈▼ ✇♦r❦s❤♦♣ ❜② P❛✉❧ ❆♥❞❡rs♦♥ ❬✶❪ ✐♥ ▲■❙❆ ✷✵✵✸ ❛♥ ✐♥❢♦r♠❛❧ ♣♦❧❧ ❛s❦❡❞ ❛❜♦✉t ❈▼ t♦♦❧s✿ t❤❡ ♦♥❧② ✉s❡r ♦❢ ❡❛❝❤ t♦♦❧ ✐♥ t❤❡ r♦♦♠ ❛t t❤❡ t✐♠❡ ✇❛s ✐ts ❛✉t❤♦r ❬✼❪ ✐t ✐s ❡❛s② t♦ ✐♥✈❡♥t ❈▼ t♦♦❧s ✭❛♥❞ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡ ❢♦r♠❛ts✮ ✐t ✐s ❞✐✣❝✉❧t t♦ ♠❛❦❡ ✐t ✉s❡❢✉❧ ❜❡②♦♥❞ ②♦✉r ♦✇♥ ❣♦❛❧s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✺✴✺✵

slide-82
SLIDE 82

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈▼ r❡s❡❛r❝❤

■♥ t❤❡ ♠❡❛♥✇❤✐❧❡ ❛t ▲❛r❣❡ ■♥st❛❧❧❛t✐♦♥ ❙②st❡♠ ❆❞♠✐♥✐str❛t♦r ❈♦♥❢❡r❡♥❝❡ ✭▲■❙❆✮✿ ❜❡❣❛♥ ❛s ❈❋❡♥❣✐♥❡ ❲♦r❦s❤♦♣ ❛t ▲■❙❆ ✷✵✵✶ ❈▼ ✇♦r❦s❤♦♣ ❜② P❛✉❧ ❆♥❞❡rs♦♥ ❬✶❪ ✐♥ ▲■❙❆ ✷✵✵✸ ❛♥ ✐♥❢♦r♠❛❧ ♣♦❧❧ ❛s❦❡❞ ❛❜♦✉t ❈▼ t♦♦❧s✿ t❤❡ ♦♥❧② ✉s❡r ♦❢ ❡❛❝❤ t♦♦❧ ✐♥ t❤❡ r♦♦♠ ❛t t❤❡ t✐♠❡ ✇❛s ✐ts ❛✉t❤♦r ❬✼❪ ✐t ✐s ❡❛s② t♦ ✐♥✈❡♥t ❈▼ t♦♦❧s ✭❛♥❞ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡ ❢♦r♠❛ts✮ ✐t ✐s ❞✐✣❝✉❧t t♦ ♠❛❦❡ ✐t ✉s❡❢✉❧ ❜❡②♦♥❞ ②♦✉r ♦✇♥ ❣♦❛❧s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✺✴✺✵

slide-83
SLIDE 83

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈▼ r❡s❡❛r❝❤

■♥ t❤❡ ♠❡❛♥✇❤✐❧❡ ❛t ▲❛r❣❡ ■♥st❛❧❧❛t✐♦♥ ❙②st❡♠ ❆❞♠✐♥✐str❛t♦r ❈♦♥❢❡r❡♥❝❡ ✭▲■❙❆✮✿ ❜❡❣❛♥ ❛s ❈❋❡♥❣✐♥❡ ❲♦r❦s❤♦♣ ❛t ▲■❙❆ ✷✵✵✶ ❈▼ ✇♦r❦s❤♦♣ ❜② P❛✉❧ ❆♥❞❡rs♦♥ ❬✶❪ ✐♥ ▲■❙❆ ✷✵✵✸ ❛♥ ✐♥❢♦r♠❛❧ ♣♦❧❧ ❛s❦❡❞ ❛❜♦✉t ❈▼ t♦♦❧s✿ t❤❡ ♦♥❧② ✉s❡r ♦❢ ❡❛❝❤ t♦♦❧ ✐♥ t❤❡ r♦♦♠ ❛t t❤❡ t✐♠❡ ✇❛s ✐ts ❛✉t❤♦r ❬✼❪ ✐t ✐s ❡❛s② t♦ ✐♥✈❡♥t ❈▼ t♦♦❧s ✭❛♥❞ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡ ❢♦r♠❛ts✮ ✐t ✐s ❞✐✣❝✉❧t t♦ ♠❛❦❡ ✐t ✉s❡❢✉❧ ❜❡②♦♥❞ ②♦✉r ♦✇♥ ❣♦❛❧s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✺✴✺✵

slide-84
SLIDE 84

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈▼ r❡s❡❛r❝❤

■♥ t❤❡ ♠❡❛♥✇❤✐❧❡ ❛t ▲❛r❣❡ ■♥st❛❧❧❛t✐♦♥ ❙②st❡♠ ❆❞♠✐♥✐str❛t♦r ❈♦♥❢❡r❡♥❝❡ ✭▲■❙❆✮✿ ❜❡❣❛♥ ❛s ❈❋❡♥❣✐♥❡ ❲♦r❦s❤♦♣ ❛t ▲■❙❆ ✷✵✵✶ ❈▼ ✇♦r❦s❤♦♣ ❜② P❛✉❧ ❆♥❞❡rs♦♥ ❬✶❪ ✐♥ ▲■❙❆ ✷✵✵✸ ❛♥ ✐♥❢♦r♠❛❧ ♣♦❧❧ ❛s❦❡❞ ❛❜♦✉t ❈▼ t♦♦❧s✿ t❤❡ ♦♥❧② ✉s❡r ♦❢ ❡❛❝❤ t♦♦❧ ✐♥ t❤❡ r♦♦♠ ❛t t❤❡ t✐♠❡ ✇❛s ✐ts ❛✉t❤♦r ❬✼❪ ✐t ✐s ❡❛s② t♦ ✐♥✈❡♥t ❈▼ t♦♦❧s ✭❛♥❞ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡ ❢♦r♠❛ts✮ ✐t ✐s ❞✐✣❝✉❧t t♦ ♠❛❦❡ ✐t ✉s❡❢✉❧ ❜❡②♦♥❞ ②♦✉r ♦✇♥ ❣♦❛❧s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✺✴✺✵

slide-85
SLIDE 85

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❚❛s❦s

❲❤❛t ❞♦ s②st❡♠ ❛❞♠✐♥✐str❛t♦rs ❞♦❄ ❦❡❡♣ ♦✉r ✐♥❢r❛str✉❝t✉r❡ r✉♥♥✐♥❣ ❝♦♦r❞✐♥❛t❡ ❞♦ ❜❛❝❦✉♣s ♠❛♥❛❣❡ ❤❛r❞✇❛r❡ ❞♦ ✐♥✈❡♥t♦r② ✐♥st❛❧❧ ❛♣♣❧✐❝❛t✐♦♥s ♠❛♥❛❣❡ s❡❝✉r✐t② ❝♦♥✜❣✉r❡ ❛♣♣❧✐❝❛t✐♦♥s tr♦✉❜❧❡s❤♦♦t t❤❡ ✉♥s✉♥❣ ❤❡r♦❡s✦

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✻✴✺✵

slide-86
SLIDE 86

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❚❛s❦s

❲❤❛t ❞♦ s②st❡♠ ❛❞♠✐♥✐str❛t♦rs ❞♦❄ ❦❡❡♣ ♦✉r ✐♥❢r❛str✉❝t✉r❡ r✉♥♥✐♥❣ ❝♦♦r❞✐♥❛t❡ ❞♦ ❜❛❝❦✉♣s ♠❛♥❛❣❡ ❤❛r❞✇❛r❡ ❞♦ ✐♥✈❡♥t♦r② ✐♥st❛❧❧ ❛♣♣❧✐❝❛t✐♦♥s ♠❛♥❛❣❡ s❡❝✉r✐t② ❝♦♥✜❣✉r❡ ❛♣♣❧✐❝❛t✐♦♥s tr♦✉❜❧❡s❤♦♦t t❤❡ ✉♥s✉♥❣ ❤❡r♦❡s✦

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✻✴✺✵

slide-87
SLIDE 87

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❚❛s❦s

❲❤❛t ❞♦ s②st❡♠ ❛❞♠✐♥✐str❛t♦rs ❞♦❄ ❦❡❡♣ ♦✉r ✐♥❢r❛str✉❝t✉r❡ r✉♥♥✐♥❣ ❝♦♦r❞✐♥❛t❡ ❞♦ ❜❛❝❦✉♣s ♠❛♥❛❣❡ ❤❛r❞✇❛r❡ ❞♦ ✐♥✈❡♥t♦r② ✐♥st❛❧❧ ❛♣♣❧✐❝❛t✐♦♥s ♠❛♥❛❣❡ s❡❝✉r✐t② ❝♦♥✜❣✉r❡ ❛♣♣❧✐❝❛t✐♦♥s tr♦✉❜❧❡s❤♦♦t t❤❡ ✉♥s✉♥❣ ❤❡r♦❡s✦

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✻✴✺✵

slide-88
SLIDE 88

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❚❛s❦s

❲❤❛t ❞♦ s②st❡♠ ❛❞♠✐♥✐str❛t♦rs ❞♦❄ ❦❡❡♣ ♦✉r ✐♥❢r❛str✉❝t✉r❡ r✉♥♥✐♥❣ ❝♦♦r❞✐♥❛t❡ ❞♦ ❜❛❝❦✉♣s ♠❛♥❛❣❡ ❤❛r❞✇❛r❡ ❞♦ ✐♥✈❡♥t♦r② ✐♥st❛❧❧ ❛♣♣❧✐❝❛t✐♦♥s ♠❛♥❛❣❡ s❡❝✉r✐t② ❝♦♥✜❣✉r❡ ❛♣♣❧✐❝❛t✐♦♥s tr♦✉❜❧❡s❤♦♦t t❤❡ ✉♥s✉♥❣ ❤❡r♦❡s✦

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✻✴✺✵

slide-89
SLIDE 89

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❚❛s❦s

❲❤❛t ❞♦ s②st❡♠ ❛❞♠✐♥✐str❛t♦rs ❞♦❄ ❦❡❡♣ ♦✉r ✐♥❢r❛str✉❝t✉r❡ r✉♥♥✐♥❣ ❝♦♦r❞✐♥❛t❡ ❞♦ ❜❛❝❦✉♣s ♠❛♥❛❣❡ ❤❛r❞✇❛r❡ ❞♦ ✐♥✈❡♥t♦r② ✐♥st❛❧❧ ❛♣♣❧✐❝❛t✐♦♥s ♠❛♥❛❣❡ s❡❝✉r✐t② ❝♦♥✜❣✉r❡ ❛♣♣❧✐❝❛t✐♦♥s tr♦✉❜❧❡s❤♦♦t t❤❡ ✉♥s✉♥❣ ❤❡r♦❡s✦

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✻✴✺✵

slide-90
SLIDE 90

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❚❛s❦s

❲❤❛t ❞♦ s②st❡♠ ❛❞♠✐♥✐str❛t♦rs ❞♦❄ ❦❡❡♣ ♦✉r ✐♥❢r❛str✉❝t✉r❡ r✉♥♥✐♥❣ ❝♦♦r❞✐♥❛t❡ ❞♦ ❜❛❝❦✉♣s ♠❛♥❛❣❡ ❤❛r❞✇❛r❡ ❞♦ ✐♥✈❡♥t♦r② ✐♥st❛❧❧ ❛♣♣❧✐❝❛t✐♦♥s ♠❛♥❛❣❡ s❡❝✉r✐t② ❝♦♥✜❣✉r❡ ❛♣♣❧✐❝❛t✐♦♥s tr♦✉❜❧❡s❤♦♦t t❤❡ ✉♥s✉♥❣ ❤❡r♦❡s✦

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✻✴✺✵

slide-91
SLIDE 91

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❚❛s❦s

❲❤❛t ❞♦ s②st❡♠ ❛❞♠✐♥✐str❛t♦rs ❞♦❄ ❦❡❡♣ ♦✉r ✐♥❢r❛str✉❝t✉r❡ r✉♥♥✐♥❣ ❝♦♦r❞✐♥❛t❡ ❞♦ ❜❛❝❦✉♣s ♠❛♥❛❣❡ ❤❛r❞✇❛r❡ ❞♦ ✐♥✈❡♥t♦r② ✐♥st❛❧❧ ❛♣♣❧✐❝❛t✐♦♥s ♠❛♥❛❣❡ s❡❝✉r✐t② ❝♦♥✜❣✉r❡ ❛♣♣❧✐❝❛t✐♦♥s tr♦✉❜❧❡s❤♦♦t t❤❡ ✉♥s✉♥❣ ❤❡r♦❡s✦

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✻✴✺✵

slide-92
SLIDE 92

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❚❛s❦s

❲❤❛t ❞♦ s②st❡♠ ❛❞♠✐♥✐str❛t♦rs ❞♦❄ ❦❡❡♣ ♦✉r ✐♥❢r❛str✉❝t✉r❡ r✉♥♥✐♥❣ ❝♦♦r❞✐♥❛t❡ ❞♦ ❜❛❝❦✉♣s ♠❛♥❛❣❡ ❤❛r❞✇❛r❡ ❞♦ ✐♥✈❡♥t♦r② ✐♥st❛❧❧ ❛♣♣❧✐❝❛t✐♦♥s ♠❛♥❛❣❡ s❡❝✉r✐t② ❝♦♥✜❣✉r❡ ❛♣♣❧✐❝❛t✐♦♥s tr♦✉❜❧❡s❤♦♦t t❤❡ ✉♥s✉♥❣ ❤❡r♦❡s✦

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✻✴✺✵

slide-93
SLIDE 93

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❚❛s❦s

❲❤❛t ❞♦ s②st❡♠ ❛❞♠✐♥✐str❛t♦rs ❞♦❄ ❦❡❡♣ ♦✉r ✐♥❢r❛str✉❝t✉r❡ r✉♥♥✐♥❣ ❝♦♦r❞✐♥❛t❡ ❞♦ ❜❛❝❦✉♣s ♠❛♥❛❣❡ ❤❛r❞✇❛r❡ ❞♦ ✐♥✈❡♥t♦r② ✐♥st❛❧❧ ❛♣♣❧✐❝❛t✐♦♥s ♠❛♥❛❣❡ s❡❝✉r✐t② ❝♦♥✜❣✉r❡ ❛♣♣❧✐❝❛t✐♦♥s tr♦✉❜❧❡s❤♦♦t t❤❡ ✉♥s✉♥❣ ❤❡r♦❡s✦

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✻✴✺✵

slide-94
SLIDE 94

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❚❛s❦s

❲❤❛t ❞♦ s②st❡♠ ❛❞♠✐♥✐str❛t♦rs ❞♦❄ ❦❡❡♣ ♦✉r ✐♥❢r❛str✉❝t✉r❡ r✉♥♥✐♥❣ ❝♦♦r❞✐♥❛t❡ ❞♦ ❜❛❝❦✉♣s ♠❛♥❛❣❡ ❤❛r❞✇❛r❡ ❞♦ ✐♥✈❡♥t♦r② ✐♥st❛❧❧ ❛♣♣❧✐❝❛t✐♦♥s ♠❛♥❛❣❡ s❡❝✉r✐t② ❝♦♥✜❣✉r❡ ❛♣♣❧✐❝❛t✐♦♥s tr♦✉❜❧❡s❤♦♦t = ⇒ t❤❡ ✉♥s✉♥❣ ❤❡r♦❡s✦

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✻✴✺✵

slide-95
SLIDE 95

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

✼ ♣❡♦♣❧❡✱ ✶ ❝♦♠♠❛♥❞✲❧✐♥❡ ❬✸❪

s②st❡♠ ❛❞♠✐♥✐str❛t♦r ♠✐s✉♥❞❡rst♦♦❞ ♣r♦❜❧❡♠ ✭❤❛❞ ❛ ✇r♦♥❣ ❛ss✉♠♣t✐♦♥✮ ✼ ♣❡♦♣❧❡ s♦✉❣❤t ❛tt❡♥t✐♦♥ ❛♥❞ tr✉st✱ ❝♦♠♣❡t✐♥❣ t♦ t❡❧❧ t❤❡ ❛❞♠✐♥ ✇❤❛t t♦ ❞♦ ❞✉❡ t♦ ✇r♦♥❣ ❛ss✉♠♣t✐♦♥ t❤❡ ❛❞♠✐♥ ❝♦♠♠✉♥✐❝❛t❡❞ t♦ ❡✈❡r②♦♥❡✱ ♣❡♦♣❧❡ ❝♦✉❧❞ ♥♦t ❤❡❧♣ t❤❡r❡ ✇❡r❡ s❡✈❡r❛❧ ✐♥st❛♥❝❡s ✐♥ ✇❤✐❝❤ t❤❡ ❛❞♠✐♥ ✐❣♥♦r❡❞ ♦r ♠✐s✐♥t❡r♣r❡t❡❞ ❡✈✐❞❡♥❝❡ ♦❢ t❤❡ r❡❛❧ ♣r♦❜❧❡♠ ❡✈❡♥t✉❛❧❧② s♦♠❡♦♥❡ ❡❧s❡ s♦❧✈❡❞ t❤❡ ♣r♦❜❧❡♠✿ ❛❞♠✐♥ ❝♦♥❢✉s❡❞ ✏❢r♦♠✑✴✏t♦✑ ♣♦rt ✐♥ t❤❡ s❡tt✐♥❣s ❛♥❞ ✜r❡✇❛❧❧ ❜❧♦❝❦❡❞ r❡q✉❡sts

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✼✴✺✵

slide-96
SLIDE 96

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

✼ ♣❡♦♣❧❡✱ ✶ ❝♦♠♠❛♥❞✲❧✐♥❡ ❬✸❪

s②st❡♠ ❛❞♠✐♥✐str❛t♦r ♠✐s✉♥❞❡rst♦♦❞ ♣r♦❜❧❡♠ ✭❤❛❞ ❛ ✇r♦♥❣ ❛ss✉♠♣t✐♦♥✮ ✼ ♣❡♦♣❧❡ s♦✉❣❤t ❛tt❡♥t✐♦♥ ❛♥❞ tr✉st✱ ❝♦♠♣❡t✐♥❣ t♦ t❡❧❧ t❤❡ ❛❞♠✐♥ ✇❤❛t t♦ ❞♦ ❞✉❡ t♦ ✇r♦♥❣ ❛ss✉♠♣t✐♦♥ t❤❡ ❛❞♠✐♥ ❝♦♠♠✉♥✐❝❛t❡❞ t♦ ❡✈❡r②♦♥❡✱ ♣❡♦♣❧❡ ❝♦✉❧❞ ♥♦t ❤❡❧♣ t❤❡r❡ ✇❡r❡ s❡✈❡r❛❧ ✐♥st❛♥❝❡s ✐♥ ✇❤✐❝❤ t❤❡ ❛❞♠✐♥ ✐❣♥♦r❡❞ ♦r ♠✐s✐♥t❡r♣r❡t❡❞ ❡✈✐❞❡♥❝❡ ♦❢ t❤❡ r❡❛❧ ♣r♦❜❧❡♠ ❡✈❡♥t✉❛❧❧② s♦♠❡♦♥❡ ❡❧s❡ s♦❧✈❡❞ t❤❡ ♣r♦❜❧❡♠✿ ❛❞♠✐♥ ❝♦♥❢✉s❡❞ ✏❢r♦♠✑✴✏t♦✑ ♣♦rt ✐♥ t❤❡ s❡tt✐♥❣s ❛♥❞ ✜r❡✇❛❧❧ ❜❧♦❝❦❡❞ r❡q✉❡sts

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✼✴✺✵

slide-97
SLIDE 97

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

✼ ♣❡♦♣❧❡✱ ✶ ❝♦♠♠❛♥❞✲❧✐♥❡ ❬✸❪

s②st❡♠ ❛❞♠✐♥✐str❛t♦r ♠✐s✉♥❞❡rst♦♦❞ ♣r♦❜❧❡♠ ✭❤❛❞ ❛ ✇r♦♥❣ ❛ss✉♠♣t✐♦♥✮ ✼ ♣❡♦♣❧❡ s♦✉❣❤t ❛tt❡♥t✐♦♥ ❛♥❞ tr✉st✱ ❝♦♠♣❡t✐♥❣ t♦ t❡❧❧ t❤❡ ❛❞♠✐♥ ✇❤❛t t♦ ❞♦ ❞✉❡ t♦ ✇r♦♥❣ ❛ss✉♠♣t✐♦♥ t❤❡ ❛❞♠✐♥ ❝♦♠♠✉♥✐❝❛t❡❞ t♦ ❡✈❡r②♦♥❡✱ ♣❡♦♣❧❡ ❝♦✉❧❞ ♥♦t ❤❡❧♣ t❤❡r❡ ✇❡r❡ s❡✈❡r❛❧ ✐♥st❛♥❝❡s ✐♥ ✇❤✐❝❤ t❤❡ ❛❞♠✐♥ ✐❣♥♦r❡❞ ♦r ♠✐s✐♥t❡r♣r❡t❡❞ ❡✈✐❞❡♥❝❡ ♦❢ t❤❡ r❡❛❧ ♣r♦❜❧❡♠ ❡✈❡♥t✉❛❧❧② s♦♠❡♦♥❡ ❡❧s❡ s♦❧✈❡❞ t❤❡ ♣r♦❜❧❡♠✿ ❛❞♠✐♥ ❝♦♥❢✉s❡❞ ✏❢r♦♠✑✴✏t♦✑ ♣♦rt ✐♥ t❤❡ s❡tt✐♥❣s ❛♥❞ ✜r❡✇❛❧❧ ❜❧♦❝❦❡❞ r❡q✉❡sts

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✼✴✺✵

slide-98
SLIDE 98

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

✼ ♣❡♦♣❧❡✱ ✶ ❝♦♠♠❛♥❞✲❧✐♥❡ ❬✸❪

s②st❡♠ ❛❞♠✐♥✐str❛t♦r ♠✐s✉♥❞❡rst♦♦❞ ♣r♦❜❧❡♠ ✭❤❛❞ ❛ ✇r♦♥❣ ❛ss✉♠♣t✐♦♥✮ ✼ ♣❡♦♣❧❡ s♦✉❣❤t ❛tt❡♥t✐♦♥ ❛♥❞ tr✉st✱ ❝♦♠♣❡t✐♥❣ t♦ t❡❧❧ t❤❡ ❛❞♠✐♥ ✇❤❛t t♦ ❞♦ ❞✉❡ t♦ ✇r♦♥❣ ❛ss✉♠♣t✐♦♥ t❤❡ ❛❞♠✐♥ ❝♦♠♠✉♥✐❝❛t❡❞ t♦ ❡✈❡r②♦♥❡✱ ♣❡♦♣❧❡ ❝♦✉❧❞ ♥♦t ❤❡❧♣ t❤❡r❡ ✇❡r❡ s❡✈❡r❛❧ ✐♥st❛♥❝❡s ✐♥ ✇❤✐❝❤ t❤❡ ❛❞♠✐♥ ✐❣♥♦r❡❞ ♦r ♠✐s✐♥t❡r♣r❡t❡❞ ❡✈✐❞❡♥❝❡ ♦❢ t❤❡ r❡❛❧ ♣r♦❜❧❡♠ ❡✈❡♥t✉❛❧❧② s♦♠❡♦♥❡ ❡❧s❡ s♦❧✈❡❞ t❤❡ ♣r♦❜❧❡♠✿ ❛❞♠✐♥ ❝♦♥❢✉s❡❞ ✏❢r♦♠✑✴✏t♦✑ ♣♦rt ✐♥ t❤❡ s❡tt✐♥❣s ❛♥❞ ✜r❡✇❛❧❧ ❜❧♦❝❦❡❞ r❡q✉❡sts

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✼✴✺✵

slide-99
SLIDE 99

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

✼ ♣❡♦♣❧❡✱ ✶ ❝♦♠♠❛♥❞✲❧✐♥❡ ❬✸❪

s②st❡♠ ❛❞♠✐♥✐str❛t♦r ♠✐s✉♥❞❡rst♦♦❞ ♣r♦❜❧❡♠ ✭❤❛❞ ❛ ✇r♦♥❣ ❛ss✉♠♣t✐♦♥✮ ✼ ♣❡♦♣❧❡ s♦✉❣❤t ❛tt❡♥t✐♦♥ ❛♥❞ tr✉st✱ ❝♦♠♣❡t✐♥❣ t♦ t❡❧❧ t❤❡ ❛❞♠✐♥ ✇❤❛t t♦ ❞♦ ❞✉❡ t♦ ✇r♦♥❣ ❛ss✉♠♣t✐♦♥ t❤❡ ❛❞♠✐♥ ❝♦♠♠✉♥✐❝❛t❡❞ t♦ ❡✈❡r②♦♥❡✱ ♣❡♦♣❧❡ ❝♦✉❧❞ ♥♦t ❤❡❧♣ t❤❡r❡ ✇❡r❡ s❡✈❡r❛❧ ✐♥st❛♥❝❡s ✐♥ ✇❤✐❝❤ t❤❡ ❛❞♠✐♥ ✐❣♥♦r❡❞ ♦r ♠✐s✐♥t❡r♣r❡t❡❞ ❡✈✐❞❡♥❝❡ ♦❢ t❤❡ r❡❛❧ ♣r♦❜❧❡♠ ❡✈❡♥t✉❛❧❧② s♦♠❡♦♥❡ ❡❧s❡ s♦❧✈❡❞ t❤❡ ♣r♦❜❧❡♠✿ ❛❞♠✐♥ ❝♦♥❢✉s❡❞ ✏❢r♦♠✑✴✏t♦✑ ♣♦rt ✐♥ t❤❡ s❡tt✐♥❣s ❛♥❞ ✜r❡✇❛❧❧ ❜❧♦❝❦❡❞ r❡q✉❡sts

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✼✴✺✵

slide-100
SLIDE 100

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

♦t❤❡r ❝❛s❡s ❬✸❪

❧♦st s❡♠✐❝♦❧♦♥✿ ❡①❡❝✉t✐♦♥ ♦❢ s❝r✐♣t ❢❛✐❧❡❞ ❞✉❡ t♦ ♠✐ss✐♥❣ s❡♠✐❝♦❧♦♥✱ t❤❡♥ t❤❡② tr✐❡❞ t♦ ❞❡❧❡t❡ ❛ ♥♦♥✲❡①✐st❡♥t t❛❜❧❡✳ ❝r♦♥t❛❜✿ ♦♥❧t❛♣❡✴♦✢t❛♣❡ ❝♦♥❢✉s❡❞ ❜❡❝❛✉s❡ ♦❢ ❞✐s❝✉ss✐♦♥ ❛❜♦✉t ♦✤✐♥❡ ❜❛❝❦✉♣ ✭❛❧t❤♦✉❣❤ ❛♥ ♦♥❧✐♥❡ ❜❛❝❦✉♣ s❤♦✉❧❞ ❜❡ ♣❡r❢♦r♠❡❞✮✳ ❝r✐t s✐t✿ ♠❛♥② s②st❡♠ ❛❞♠✐♥✐str❛t♦rs ❝♦♠♣❡t❡❞ ❛❣❛✐♥st ❡❛❝❤ ♦t❤❡r tr②✐♥❣ t♦ ✇r✐t❡ ❛ s✐♠♣❧❡ s❝r✐♣t✳ ❚❤❡ ❝r✐t s✐t ❝♦♥t✐♥✉❡❞ ❢♦r t✇♦ ✇❡❡❦s✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✽✴✺✵

slide-101
SLIDE 101

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

♦t❤❡r ❝❛s❡s ❬✸❪

❧♦st s❡♠✐❝♦❧♦♥✿ ❡①❡❝✉t✐♦♥ ♦❢ s❝r✐♣t ❢❛✐❧❡❞ ❞✉❡ t♦ ♠✐ss✐♥❣ s❡♠✐❝♦❧♦♥✱ t❤❡♥ t❤❡② tr✐❡❞ t♦ ❞❡❧❡t❡ ❛ ♥♦♥✲❡①✐st❡♥t t❛❜❧❡✳ ❝r♦♥t❛❜✿ ♦♥❧t❛♣❡✴♦✢t❛♣❡ ❝♦♥❢✉s❡❞ ❜❡❝❛✉s❡ ♦❢ ❞✐s❝✉ss✐♦♥ ❛❜♦✉t ♦✤✐♥❡ ❜❛❝❦✉♣ ✭❛❧t❤♦✉❣❤ ❛♥ ♦♥❧✐♥❡ ❜❛❝❦✉♣ s❤♦✉❧❞ ❜❡ ♣❡r❢♦r♠❡❞✮✳ ❝r✐t s✐t✿ ♠❛♥② s②st❡♠ ❛❞♠✐♥✐str❛t♦rs ❝♦♠♣❡t❡❞ ❛❣❛✐♥st ❡❛❝❤ ♦t❤❡r tr②✐♥❣ t♦ ✇r✐t❡ ❛ s✐♠♣❧❡ s❝r✐♣t✳ ❚❤❡ ❝r✐t s✐t ❝♦♥t✐♥✉❡❞ ❢♦r t✇♦ ✇❡❡❦s✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✽✴✺✵

slide-102
SLIDE 102

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

♦t❤❡r ❝❛s❡s ❬✸❪

❧♦st s❡♠✐❝♦❧♦♥✿ ❡①❡❝✉t✐♦♥ ♦❢ s❝r✐♣t ❢❛✐❧❡❞ ❞✉❡ t♦ ♠✐ss✐♥❣ s❡♠✐❝♦❧♦♥✱ t❤❡♥ t❤❡② tr✐❡❞ t♦ ❞❡❧❡t❡ ❛ ♥♦♥✲❡①✐st❡♥t t❛❜❧❡✳ ❝r♦♥t❛❜✿ ♦♥❧t❛♣❡✴♦✢t❛♣❡ ❝♦♥❢✉s❡❞ ❜❡❝❛✉s❡ ♦❢ ❞✐s❝✉ss✐♦♥ ❛❜♦✉t ♦✤✐♥❡ ❜❛❝❦✉♣ ✭❛❧t❤♦✉❣❤ ❛♥ ♦♥❧✐♥❡ ❜❛❝❦✉♣ s❤♦✉❧❞ ❜❡ ♣❡r❢♦r♠❡❞✮✳ ❝r✐t s✐t✿ ♠❛♥② s②st❡♠ ❛❞♠✐♥✐str❛t♦rs ❝♦♠♣❡t❡❞ ❛❣❛✐♥st ❡❛❝❤ ♦t❤❡r tr②✐♥❣ t♦ ✇r✐t❡ ❛ s✐♠♣❧❡ s❝r✐♣t✳ ❚❤❡ ❝r✐t s✐t ❝♦♥t✐♥✉❡❞ ❢♦r t✇♦ ✇❡❡❦s✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✽✴✺✵

slide-103
SLIDE 103

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❍❛❜❡r ❛♥❞ ❇❛✐❧❡② ❬✶✸❪

▲❛t❡r ❍❛❜❡r ❛♥❞ ❇❛✐❧❡② ❬✶✸❪ r❡♣❡❛t❡❞ ❛♥ ❡t❤♥♦❣r❛♣❤✐❝ ✜❡❧❞ st✉❞②✳ ❚❤❡ st♦r✐❡s ❛r❡ s✐♠✐❧❛r t♦ ❇❛rr❡tt ❡t ❛❧✳ ❬✸❪✳ ❚❤❡✐r st✉❞② ✇❛s ❛❧s♦ ❝♦♥❞✉❝t❡❞ ✐♥ t❤❡ s❛♠❡ ❝♦♠♣❛♥②✳ ❚❤❡② ❝r❡❛t❡❞ ♣❡rs♦♥❛s✿ ❞❛t❛❜❛s❡ ❛❞♠✐♥✐str❛t♦r ✇❡❜ ❛❞♠✐♥✐str❛t♦r s❡❝✉r✐t② ❛❞♠✐♥✐str❛t♦r

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✾✴✺✵

slide-104
SLIDE 104

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❉❛t❛❜❛s❡ ❆❞♠✐♥✐str❛t♦r ❬✶✸❪

❢r❡q✉❡♥t ❝♦♥t❛❝t ✈✐❛ ♣❤♦♥❡✱ ❡✲♠❛✐❧ ❛♥❞ ■▼ ♥❡❡❞s t♦ ✇♦r❦ ♦♥ ✇❡❡❦❡♥❞s ♣❛✐r✲♣r♦❣r❛♠♠✐♥❣ ❢♦r ♥❡✇ t❛s❦s t②♣✐❝❛❧ ❡rr♦rs✿ st♦♣♣✐♥❣ ✇r♦♥❣ ❞❛t❛❜❛s❡ ♣r♦❝❡ss

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✵✴✺✵

slide-105
SLIDE 105

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❉❛t❛❜❛s❡ ❆❞♠✐♥✐str❛t♦r ❬✶✸❪

❢r❡q✉❡♥t ❝♦♥t❛❝t ✈✐❛ ♣❤♦♥❡✱ ❡✲♠❛✐❧ ❛♥❞ ■▼ ♥❡❡❞s t♦ ✇♦r❦ ♦♥ ✇❡❡❦❡♥❞s ♣❛✐r✲♣r♦❣r❛♠♠✐♥❣ ❢♦r ♥❡✇ t❛s❦s t②♣✐❝❛❧ ❡rr♦rs✿ st♦♣♣✐♥❣ ✇r♦♥❣ ❞❛t❛❜❛s❡ ♣r♦❝❡ss

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✵✴✺✵

slide-106
SLIDE 106

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❉❛t❛❜❛s❡ ❆❞♠✐♥✐str❛t♦r ❬✶✸❪

❢r❡q✉❡♥t ❝♦♥t❛❝t ✈✐❛ ♣❤♦♥❡✱ ❡✲♠❛✐❧ ❛♥❞ ■▼ ♥❡❡❞s t♦ ✇♦r❦ ♦♥ ✇❡❡❦❡♥❞s ♣❛✐r✲♣r♦❣r❛♠♠✐♥❣ ❢♦r ♥❡✇ t❛s❦s t②♣✐❝❛❧ ❡rr♦rs✿ st♦♣♣✐♥❣ ✇r♦♥❣ ❞❛t❛❜❛s❡ ♣r♦❝❡ss

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✵✴✺✵

slide-107
SLIDE 107

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❉❛t❛❜❛s❡ ❆❞♠✐♥✐str❛t♦r ❬✶✸❪

❢r❡q✉❡♥t ❝♦♥t❛❝t ✈✐❛ ♣❤♦♥❡✱ ❡✲♠❛✐❧ ❛♥❞ ■▼ ♥❡❡❞s t♦ ✇♦r❦ ♦♥ ✇❡❡❦❡♥❞s ♣❛✐r✲♣r♦❣r❛♠♠✐♥❣ ❢♦r ♥❡✇ t❛s❦s t②♣✐❝❛❧ ❡rr♦rs✿ st♦♣♣✐♥❣ ✇r♦♥❣ ❞❛t❛❜❛s❡ ♣r♦❝❡ss

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✵✴✺✵

slide-108
SLIDE 108

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❲❡❜ ❆❞♠✐♥✐str❛t♦r ❬✶✸❪

❝r✐t s✐t ❞❡♣❧♦②✐♥❣ ♥❡✇ ❲❡❜ ❛♣♣❧✐❝❛t✐♦♥s ❛❜♦✉t ✷✵✲✹✵✵ st❡♣s t♦ ❞❡♣❧♦② ❛♥ ❛♣♣❧✐❝❛t✐♦♥ ♠♦✈✐♥❣ ❢r♦♠ t❡st t♦ ♣r♦❞✉❝t✐♦♥ ❞♦♥❡ ❜② ❤❛♥❞

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✶✴✺✵

slide-109
SLIDE 109

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❲❡❜ ❆❞♠✐♥✐str❛t♦r ❬✶✸❪

❝r✐t s✐t ❞❡♣❧♦②✐♥❣ ♥❡✇ ❲❡❜ ❛♣♣❧✐❝❛t✐♦♥s ❛❜♦✉t ✷✵✲✹✵✵ st❡♣s t♦ ❞❡♣❧♦② ❛♥ ❛♣♣❧✐❝❛t✐♦♥ ♠♦✈✐♥❣ ❢r♦♠ t❡st t♦ ♣r♦❞✉❝t✐♦♥ ❞♦♥❡ ❜② ❤❛♥❞

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✶✴✺✵

slide-110
SLIDE 110

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❲❡❜ ❆❞♠✐♥✐str❛t♦r ❬✶✸❪

❝r✐t s✐t ❞❡♣❧♦②✐♥❣ ♥❡✇ ❲❡❜ ❛♣♣❧✐❝❛t✐♦♥s ❛❜♦✉t ✷✵✲✹✵✵ st❡♣s t♦ ❞❡♣❧♦② ❛♥ ❛♣♣❧✐❝❛t✐♦♥ ♠♦✈✐♥❣ ❢r♦♠ t❡st t♦ ♣r♦❞✉❝t✐♦♥ ❞♦♥❡ ❜② ❤❛♥❞

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✶✴✺✵

slide-111
SLIDE 111

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❲❡❜ ❆❞♠✐♥✐str❛t♦r ❬✶✸❪

❝r✐t s✐t ❞❡♣❧♦②✐♥❣ ♥❡✇ ❲❡❜ ❛♣♣❧✐❝❛t✐♦♥s ❛❜♦✉t ✷✵✲✹✵✵ st❡♣s t♦ ❞❡♣❧♦② ❛♥ ❛♣♣❧✐❝❛t✐♦♥ ♠♦✈✐♥❣ ❢r♦♠ t❡st t♦ ♣r♦❞✉❝t✐♦♥ ❞♦♥❡ ❜② ❤❛♥❞

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✶✴✺✵

slide-112
SLIDE 112

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❙❡❝✉r✐t② ❆❞♠✐♥✐str❛t♦r ❬✶✸❪

❣❡ts ❡♠❛✐❧s ♦♥ s✉s♣✐❝✐♦✉s ❛❝t✐✈✐t✐❡s ♠✉❧t✐✲✉s❡r ❝❤❛t ❛❞✲❤♦❝ s❝r✐♣ts

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✷✴✺✵

slide-113
SLIDE 113

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❙❡❝✉r✐t② ❆❞♠✐♥✐str❛t♦r ❬✶✸❪

❣❡ts ❡♠❛✐❧s ♦♥ s✉s♣✐❝✐♦✉s ❛❝t✐✈✐t✐❡s ♠✉❧t✐✲✉s❡r ❝❤❛t ❛❞✲❤♦❝ s❝r✐♣ts

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✷✴✺✵

slide-114
SLIDE 114

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❙❡❝✉r✐t② ❆❞♠✐♥✐str❛t♦r ❬✶✸❪

❣❡ts ❡♠❛✐❧s ♦♥ s✉s♣✐❝✐♦✉s ❛❝t✐✈✐t✐❡s ♠✉❧t✐✲✉s❡r ❝❤❛t ❛❞✲❤♦❝ s❝r✐♣ts

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✷✴✺✵

slide-115
SLIDE 115

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❍❛❜❡r ❛♥❞ ❇❛✐❧❡② ❬✶✸❪

✏✐❢ ❞❛t❛ ✐s ❧♦st✳✳✳t❤❛t ✐s ✇❤❡♥ ②♦✉ ✇r✐t❡ ②♦✉r rés✉♠é✳✑ ✾✵ ✐s s♣❡♥t ✇✐t❤ ❝♦♠♠✉♥✐❝❛t✐♥❣ ✇✐t❤ ♦t❤❡r ❛❞♠✐♥s ♦♥❧② ✻ ✐s ❣❛t❤❡r✐♥❣ ✐♥❢♦r♠❛t✐♦♥ ❛♥❞ r✉♥♥✐♥❣ ❝♦♠♠❛♥❞s q✉❛❧✐t② ❝♦♥tr♦❧✿ ♠♦♥✐t♦r✐♥❣ ❢♦✉♥❞ t❤❛t ♥♦♥✲❢✉♥❝t✐♦♥❛❧ s❡r✈✐❝❡ ✇❛s ❞♦✇♥ t✇♦ ❞❛②s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✸✴✺✵

slide-116
SLIDE 116

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❍❛❜❡r ❛♥❞ ❇❛✐❧❡② ❬✶✸❪

✏✐❢ ❞❛t❛ ✐s ❧♦st✳✳✳t❤❛t ✐s ✇❤❡♥ ②♦✉ ✇r✐t❡ ②♦✉r rés✉♠é✳✑ ✾✵ % ✐s s♣❡♥t ✇✐t❤ ❝♦♠♠✉♥✐❝❛t✐♥❣ ✇✐t❤ ♦t❤❡r ❛❞♠✐♥s ♦♥❧② ✻ ✐s ❣❛t❤❡r✐♥❣ ✐♥❢♦r♠❛t✐♦♥ ❛♥❞ r✉♥♥✐♥❣ ❝♦♠♠❛♥❞s q✉❛❧✐t② ❝♦♥tr♦❧✿ ♠♦♥✐t♦r✐♥❣ ❢♦✉♥❞ t❤❛t ♥♦♥✲❢✉♥❝t✐♦♥❛❧ s❡r✈✐❝❡ ✇❛s ❞♦✇♥ t✇♦ ❞❛②s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✸✴✺✵

slide-117
SLIDE 117

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❍❛❜❡r ❛♥❞ ❇❛✐❧❡② ❬✶✸❪

✏✐❢ ❞❛t❛ ✐s ❧♦st✳✳✳t❤❛t ✐s ✇❤❡♥ ②♦✉ ✇r✐t❡ ②♦✉r rés✉♠é✳✑ ✾✵ % ✐s s♣❡♥t ✇✐t❤ ❝♦♠♠✉♥✐❝❛t✐♥❣ ✇✐t❤ ♦t❤❡r ❛❞♠✐♥s ♦♥❧② ✻ % ✐s ❣❛t❤❡r✐♥❣ ✐♥❢♦r♠❛t✐♦♥ ❛♥❞ r✉♥♥✐♥❣ ❝♦♠♠❛♥❞s q✉❛❧✐t② ❝♦♥tr♦❧✿ ♠♦♥✐t♦r✐♥❣ ❢♦✉♥❞ t❤❛t ♥♦♥✲❢✉♥❝t✐♦♥❛❧ s❡r✈✐❝❡ ✇❛s ❞♦✇♥ t✇♦ ❞❛②s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✸✴✺✵

slide-118
SLIDE 118

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❍❛❜❡r ❛♥❞ ❇❛✐❧❡② ❬✶✸❪

✏✐❢ ❞❛t❛ ✐s ❧♦st✳✳✳t❤❛t ✐s ✇❤❡♥ ②♦✉ ✇r✐t❡ ②♦✉r rés✉♠é✳✑ ✾✵ % ✐s s♣❡♥t ✇✐t❤ ❝♦♠♠✉♥✐❝❛t✐♥❣ ✇✐t❤ ♦t❤❡r ❛❞♠✐♥s ♦♥❧② ✻ % ✐s ❣❛t❤❡r✐♥❣ ✐♥❢♦r♠❛t✐♦♥ ❛♥❞ r✉♥♥✐♥❣ ❝♦♠♠❛♥❞s q✉❛❧✐t② ❝♦♥tr♦❧✿ ♠♦♥✐t♦r✐♥❣ ❢♦✉♥❞ t❤❛t ♥♦♥✲❢✉♥❝t✐♦♥❛❧ s❡r✈✐❝❡ ✇❛s ❞♦✇♥ t✇♦ ❞❛②s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✸✴✺✵

slide-119
SLIDE 119

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❇❛rr❡tt ❡t ❛❧✳ ❬✸❪

✷✵ % ♦❢ t❤❡ t✐♠❡ ✐s s♣❡♥t ✐♥ ❞✐✈❡rs✐♦♥s ✷✵ ♦❢ t❤❡ t✐♠❡ ♣❡♦♣❧❡ ❝♦♠♠✉♥✐❝❛t❡❞ ❛❜♦✉t ❤♦✇ t♦ ❝♦♠♠✉♥✐❝❛t❡ ❈▲■s ✇❡r❡ ❣❡♥❡r❛❧❧② ♣r❡❢❡rr❡❞ ❝♦♥✜❣✉r❛t✐♦♥ ❛♥❞ ❧♦❣ ✜❧❡s ❛r❡ s❝❛tt❡r❡❞✱ ♣♦♦r❧② ♦r❣❛♥✐③❡❞ ❛♥❞ ♦❢t❡♥ ✉s❡❞ ✐♥❝♦♥s✐st❡♥t t❡r♠✐♥♦❧♦❣②

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✹✴✺✵

slide-120
SLIDE 120

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❇❛rr❡tt ❡t ❛❧✳ ❬✸❪

✷✵ % ♦❢ t❤❡ t✐♠❡ ✐s s♣❡♥t ✐♥ ❞✐✈❡rs✐♦♥s ✷✵ % ♦❢ t❤❡ t✐♠❡ ♣❡♦♣❧❡ ❝♦♠♠✉♥✐❝❛t❡❞ ❛❜♦✉t ❤♦✇ t♦ ❝♦♠♠✉♥✐❝❛t❡ ❈▲■s ✇❡r❡ ❣❡♥❡r❛❧❧② ♣r❡❢❡rr❡❞ ❝♦♥✜❣✉r❛t✐♦♥ ❛♥❞ ❧♦❣ ✜❧❡s ❛r❡ s❝❛tt❡r❡❞✱ ♣♦♦r❧② ♦r❣❛♥✐③❡❞ ❛♥❞ ♦❢t❡♥ ✉s❡❞ ✐♥❝♦♥s✐st❡♥t t❡r♠✐♥♦❧♦❣②

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✹✴✺✵

slide-121
SLIDE 121

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❇❛rr❡tt ❡t ❛❧✳ ❬✸❪

✷✵ % ♦❢ t❤❡ t✐♠❡ ✐s s♣❡♥t ✐♥ ❞✐✈❡rs✐♦♥s ✷✵ % ♦❢ t❤❡ t✐♠❡ ♣❡♦♣❧❡ ❝♦♠♠✉♥✐❝❛t❡❞ ❛❜♦✉t ❤♦✇ t♦ ❝♦♠♠✉♥✐❝❛t❡ ❈▲■s ✇❡r❡ ❣❡♥❡r❛❧❧② ♣r❡❢❡rr❡❞ ❝♦♥✜❣✉r❛t✐♦♥ ❛♥❞ ❧♦❣ ✜❧❡s ❛r❡ s❝❛tt❡r❡❞✱ ♣♦♦r❧② ♦r❣❛♥✐③❡❞ ❛♥❞ ♦❢t❡♥ ✉s❡❞ ✐♥❝♦♥s✐st❡♥t t❡r♠✐♥♦❧♦❣②

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✹✴✺✵

slide-122
SLIDE 122

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❇❛rr❡tt ❡t ❛❧✳ ❬✸❪

✷✵ % ♦❢ t❤❡ t✐♠❡ ✐s s♣❡♥t ✐♥ ❞✐✈❡rs✐♦♥s ✷✵ % ♦❢ t❤❡ t✐♠❡ ♣❡♦♣❧❡ ❝♦♠♠✉♥✐❝❛t❡❞ ❛❜♦✉t ❤♦✇ t♦ ❝♦♠♠✉♥✐❝❛t❡ ❈▲■s ✇❡r❡ ❣❡♥❡r❛❧❧② ♣r❡❢❡rr❡❞ ❝♦♥✜❣✉r❛t✐♦♥ ❛♥❞ ❧♦❣ ✜❧❡s ❛r❡ s❝❛tt❡r❡❞✱ ♣♦♦r❧② ♦r❣❛♥✐③❡❞ ❛♥❞ ♦❢t❡♥ ✉s❡❞ ✐♥❝♦♥s✐st❡♥t t❡r♠✐♥♦❧♦❣②

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✹✴✺✵

slide-123
SLIDE 123

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✐♥❞✐♥❣s ❬✸❪

s②♥t❛① ❝❤❡❝❦✐♥❣ ✐s ❡ss❡♥t✐❛❧ r❡♣❧✐❝❛t✐♥❣ ❛❝t✐♦♥s ✭❡✳❣✳✱ t♦ ♣r♦❞✉❝t✐♦♥✮ ✐s ❡rr♦r✲♣r♦♥❡ ✉♥❞♦ ♥♦t ❛✈❛✐❧❛❜❧❡ ❞♦ ♥♦t ❛ss✉♠❡ ❛ ❝♦♠♣❧❡t❡ ♠❡♥t❛❧ ♠♦❞❡❧ ✭✏✐❢ ✉♥❞❡rst❛♥❞ t❤❡ s②st❡♠ ✐s ❛ ♣r❡r❡q✉✐s✐t❡ ❬✳✳✳❪✱ ✇❡ ❛r❡ ❧♦st✑✮ ❞♦ ♥♦t ❛ss✉♠❡ ♣r♦❣r❛♠♠✐♥❣ s❦✐❧❧s ✭♦♥❧② ✸✺ r❡♣♦rt❡❞ ❤❛✈✐♥❣ ❛ ❜❛❝❤❡❧♦r✬s ❞❡❣r❡❡✮ tr✉st ✐♥ ❈▲■ t♦♦❧s ❜✉t ❧✐tt❧❡ tr✉st ✐♥ ●❯■s ✭✐s t❤❡ ✐♥❢♦r♠❛t✐♦♥ ✉♣✲t♦✲❞❛t❡❄✮ ❡rr♦rs ✇❤✐❧❡ ❡①❡❝✉t✐♥❣ s❝r✐♣ts ❧❡❛❞ t♦ ✐♥❝♦♥s✐st❡♥t st❛t❡✱ r❡r✉♥♥✐♥❣ ♦❢t❡♥ ❞♦❡s ♥♦t ✇♦r❦ ✭♥♦t ✐❞❡♠♣♦t❡♥t✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✺✴✺✵

slide-124
SLIDE 124

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✐♥❞✐♥❣s ❬✸❪

s②♥t❛① ❝❤❡❝❦✐♥❣ ✐s ❡ss❡♥t✐❛❧ r❡♣❧✐❝❛t✐♥❣ ❛❝t✐♦♥s ✭❡✳❣✳✱ t♦ ♣r♦❞✉❝t✐♦♥✮ ✐s ❡rr♦r✲♣r♦♥❡ ✉♥❞♦ ♥♦t ❛✈❛✐❧❛❜❧❡ ❞♦ ♥♦t ❛ss✉♠❡ ❛ ❝♦♠♣❧❡t❡ ♠❡♥t❛❧ ♠♦❞❡❧ ✭✏✐❢ ✉♥❞❡rst❛♥❞ t❤❡ s②st❡♠ ✐s ❛ ♣r❡r❡q✉✐s✐t❡ ❬✳✳✳❪✱ ✇❡ ❛r❡ ❧♦st✑✮ ❞♦ ♥♦t ❛ss✉♠❡ ♣r♦❣r❛♠♠✐♥❣ s❦✐❧❧s ✭♦♥❧② ✸✺ r❡♣♦rt❡❞ ❤❛✈✐♥❣ ❛ ❜❛❝❤❡❧♦r✬s ❞❡❣r❡❡✮ tr✉st ✐♥ ❈▲■ t♦♦❧s ❜✉t ❧✐tt❧❡ tr✉st ✐♥ ●❯■s ✭✐s t❤❡ ✐♥❢♦r♠❛t✐♦♥ ✉♣✲t♦✲❞❛t❡❄✮ ❡rr♦rs ✇❤✐❧❡ ❡①❡❝✉t✐♥❣ s❝r✐♣ts ❧❡❛❞ t♦ ✐♥❝♦♥s✐st❡♥t st❛t❡✱ r❡r✉♥♥✐♥❣ ♦❢t❡♥ ❞♦❡s ♥♦t ✇♦r❦ ✭♥♦t ✐❞❡♠♣♦t❡♥t✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✺✴✺✵

slide-125
SLIDE 125

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✐♥❞✐♥❣s ❬✸❪

s②♥t❛① ❝❤❡❝❦✐♥❣ ✐s ❡ss❡♥t✐❛❧ r❡♣❧✐❝❛t✐♥❣ ❛❝t✐♦♥s ✭❡✳❣✳✱ t♦ ♣r♦❞✉❝t✐♦♥✮ ✐s ❡rr♦r✲♣r♦♥❡ ✉♥❞♦ ♥♦t ❛✈❛✐❧❛❜❧❡ ❞♦ ♥♦t ❛ss✉♠❡ ❛ ❝♦♠♣❧❡t❡ ♠❡♥t❛❧ ♠♦❞❡❧ ✭✏✐❢ ✉♥❞❡rst❛♥❞ t❤❡ s②st❡♠ ✐s ❛ ♣r❡r❡q✉✐s✐t❡ ❬✳✳✳❪✱ ✇❡ ❛r❡ ❧♦st✑✮ ❞♦ ♥♦t ❛ss✉♠❡ ♣r♦❣r❛♠♠✐♥❣ s❦✐❧❧s ✭♦♥❧② ✸✺ r❡♣♦rt❡❞ ❤❛✈✐♥❣ ❛ ❜❛❝❤❡❧♦r✬s ❞❡❣r❡❡✮ tr✉st ✐♥ ❈▲■ t♦♦❧s ❜✉t ❧✐tt❧❡ tr✉st ✐♥ ●❯■s ✭✐s t❤❡ ✐♥❢♦r♠❛t✐♦♥ ✉♣✲t♦✲❞❛t❡❄✮ ❡rr♦rs ✇❤✐❧❡ ❡①❡❝✉t✐♥❣ s❝r✐♣ts ❧❡❛❞ t♦ ✐♥❝♦♥s✐st❡♥t st❛t❡✱ r❡r✉♥♥✐♥❣ ♦❢t❡♥ ❞♦❡s ♥♦t ✇♦r❦ ✭♥♦t ✐❞❡♠♣♦t❡♥t✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✺✴✺✵

slide-126
SLIDE 126

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✐♥❞✐♥❣s ❬✸❪

s②♥t❛① ❝❤❡❝❦✐♥❣ ✐s ❡ss❡♥t✐❛❧ r❡♣❧✐❝❛t✐♥❣ ❛❝t✐♦♥s ✭❡✳❣✳✱ t♦ ♣r♦❞✉❝t✐♦♥✮ ✐s ❡rr♦r✲♣r♦♥❡ ✉♥❞♦ ♥♦t ❛✈❛✐❧❛❜❧❡ ❞♦ ♥♦t ❛ss✉♠❡ ❛ ❝♦♠♣❧❡t❡ ♠❡♥t❛❧ ♠♦❞❡❧ ✭✏✐❢ ✉♥❞❡rst❛♥❞ t❤❡ s②st❡♠ ✐s ❛ ♣r❡r❡q✉✐s✐t❡ ❬✳✳✳❪✱ ✇❡ ❛r❡ ❧♦st✑✮ ❞♦ ♥♦t ❛ss✉♠❡ ♣r♦❣r❛♠♠✐♥❣ s❦✐❧❧s ✭♦♥❧② ✸✺ r❡♣♦rt❡❞ ❤❛✈✐♥❣ ❛ ❜❛❝❤❡❧♦r✬s ❞❡❣r❡❡✮ tr✉st ✐♥ ❈▲■ t♦♦❧s ❜✉t ❧✐tt❧❡ tr✉st ✐♥ ●❯■s ✭✐s t❤❡ ✐♥❢♦r♠❛t✐♦♥ ✉♣✲t♦✲❞❛t❡❄✮ ❡rr♦rs ✇❤✐❧❡ ❡①❡❝✉t✐♥❣ s❝r✐♣ts ❧❡❛❞ t♦ ✐♥❝♦♥s✐st❡♥t st❛t❡✱ r❡r✉♥♥✐♥❣ ♦❢t❡♥ ❞♦❡s ♥♦t ✇♦r❦ ✭♥♦t ✐❞❡♠♣♦t❡♥t✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✺✴✺✵

slide-127
SLIDE 127

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✐♥❞✐♥❣s ❬✸❪

s②♥t❛① ❝❤❡❝❦✐♥❣ ✐s ❡ss❡♥t✐❛❧ r❡♣❧✐❝❛t✐♥❣ ❛❝t✐♦♥s ✭❡✳❣✳✱ t♦ ♣r♦❞✉❝t✐♦♥✮ ✐s ❡rr♦r✲♣r♦♥❡ ✉♥❞♦ ♥♦t ❛✈❛✐❧❛❜❧❡ ❞♦ ♥♦t ❛ss✉♠❡ ❛ ❝♦♠♣❧❡t❡ ♠❡♥t❛❧ ♠♦❞❡❧ ✭✏✐❢ ✉♥❞❡rst❛♥❞ t❤❡ s②st❡♠ ✐s ❛ ♣r❡r❡q✉✐s✐t❡ ❬✳✳✳❪✱ ✇❡ ❛r❡ ❧♦st✑✮ ❞♦ ♥♦t ❛ss✉♠❡ ♣r♦❣r❛♠♠✐♥❣ s❦✐❧❧s ✭♦♥❧② ✸✺ % r❡♣♦rt❡❞ ❤❛✈✐♥❣ ❛ ❜❛❝❤❡❧♦r✬s ❞❡❣r❡❡✮ tr✉st ✐♥ ❈▲■ t♦♦❧s ❜✉t ❧✐tt❧❡ tr✉st ✐♥ ●❯■s ✭✐s t❤❡ ✐♥❢♦r♠❛t✐♦♥ ✉♣✲t♦✲❞❛t❡❄✮ ❡rr♦rs ✇❤✐❧❡ ❡①❡❝✉t✐♥❣ s❝r✐♣ts ❧❡❛❞ t♦ ✐♥❝♦♥s✐st❡♥t st❛t❡✱ r❡r✉♥♥✐♥❣ ♦❢t❡♥ ❞♦❡s ♥♦t ✇♦r❦ ✭♥♦t ✐❞❡♠♣♦t❡♥t✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✺✴✺✵

slide-128
SLIDE 128

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✐♥❞✐♥❣s ❬✸❪

s②♥t❛① ❝❤❡❝❦✐♥❣ ✐s ❡ss❡♥t✐❛❧ r❡♣❧✐❝❛t✐♥❣ ❛❝t✐♦♥s ✭❡✳❣✳✱ t♦ ♣r♦❞✉❝t✐♦♥✮ ✐s ❡rr♦r✲♣r♦♥❡ ✉♥❞♦ ♥♦t ❛✈❛✐❧❛❜❧❡ ❞♦ ♥♦t ❛ss✉♠❡ ❛ ❝♦♠♣❧❡t❡ ♠❡♥t❛❧ ♠♦❞❡❧ ✭✏✐❢ ✉♥❞❡rst❛♥❞ t❤❡ s②st❡♠ ✐s ❛ ♣r❡r❡q✉✐s✐t❡ ❬✳✳✳❪✱ ✇❡ ❛r❡ ❧♦st✑✮ ❞♦ ♥♦t ❛ss✉♠❡ ♣r♦❣r❛♠♠✐♥❣ s❦✐❧❧s ✭♦♥❧② ✸✺ % r❡♣♦rt❡❞ ❤❛✈✐♥❣ ❛ ❜❛❝❤❡❧♦r✬s ❞❡❣r❡❡✮ tr✉st ✐♥ ❈▲■ t♦♦❧s ❜✉t ❧✐tt❧❡ tr✉st ✐♥ ●❯■s ✭✐s t❤❡ ✐♥❢♦r♠❛t✐♦♥ ✉♣✲t♦✲❞❛t❡❄✮ ❡rr♦rs ✇❤✐❧❡ ❡①❡❝✉t✐♥❣ s❝r✐♣ts ❧❡❛❞ t♦ ✐♥❝♦♥s✐st❡♥t st❛t❡✱ r❡r✉♥♥✐♥❣ ♦❢t❡♥ ❞♦❡s ♥♦t ✇♦r❦ ✭♥♦t ✐❞❡♠♣♦t❡♥t✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✺✴✺✵

slide-129
SLIDE 129

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✐♥❞✐♥❣s ❬✸❪

s②♥t❛① ❝❤❡❝❦✐♥❣ ✐s ❡ss❡♥t✐❛❧ r❡♣❧✐❝❛t✐♥❣ ❛❝t✐♦♥s ✭❡✳❣✳✱ t♦ ♣r♦❞✉❝t✐♦♥✮ ✐s ❡rr♦r✲♣r♦♥❡ ✉♥❞♦ ♥♦t ❛✈❛✐❧❛❜❧❡ ❞♦ ♥♦t ❛ss✉♠❡ ❛ ❝♦♠♣❧❡t❡ ♠❡♥t❛❧ ♠♦❞❡❧ ✭✏✐❢ ✉♥❞❡rst❛♥❞ t❤❡ s②st❡♠ ✐s ❛ ♣r❡r❡q✉✐s✐t❡ ❬✳✳✳❪✱ ✇❡ ❛r❡ ❧♦st✑✮ ❞♦ ♥♦t ❛ss✉♠❡ ♣r♦❣r❛♠♠✐♥❣ s❦✐❧❧s ✭♦♥❧② ✸✺ % r❡♣♦rt❡❞ ❤❛✈✐♥❣ ❛ ❜❛❝❤❡❧♦r✬s ❞❡❣r❡❡✮ tr✉st ✐♥ ❈▲■ t♦♦❧s ❜✉t ❧✐tt❧❡ tr✉st ✐♥ ●❯■s ✭✐s t❤❡ ✐♥❢♦r♠❛t✐♦♥ ✉♣✲t♦✲❞❛t❡❄✮ ❡rr♦rs ✇❤✐❧❡ ❡①❡❝✉t✐♥❣ s❝r✐♣ts ❧❡❛❞ t♦ ✐♥❝♦♥s✐st❡♥t st❛t❡✱ r❡r✉♥♥✐♥❣ ♦❢t❡♥ ❞♦❡s ♥♦t ✇♦r❦ ✭♥♦t ✐❞❡♠♣♦t❡♥t✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✺✴✺✵

slide-130
SLIDE 130

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❋✐♥❞✐♥❣s ❬✸❪

s②♥t❛① ❝❤❡❝❦✐♥❣ ✐s ❡ss❡♥t✐❛❧ r❡♣❧✐❝❛t✐♥❣ ❛❝t✐♦♥s ✭❡✳❣✳✱ t♦ ♣r♦❞✉❝t✐♦♥✮ ✐s ❡rr♦r✲♣r♦♥❡ ✉♥❞♦ ♥♦t ❛✈❛✐❧❛❜❧❡ ❞♦ ♥♦t ❛ss✉♠❡ ❛ ❝♦♠♣❧❡t❡ ♠❡♥t❛❧ ♠♦❞❡❧ ✭✏✐❢ ✉♥❞❡rst❛♥❞ t❤❡ s②st❡♠ ✐s ❛ ♣r❡r❡q✉✐s✐t❡ ❬✳✳✳❪✱ ✇❡ ❛r❡ ❧♦st✑✮ ❞♦ ♥♦t ❛ss✉♠❡ ♣r♦❣r❛♠♠✐♥❣ s❦✐❧❧s ✭♦♥❧② ✸✺ % r❡♣♦rt❡❞ ❤❛✈✐♥❣ ❛ ❜❛❝❤❡❧♦r✬s ❞❡❣r❡❡✮ tr✉st ✐♥ ❈▲■ t♦♦❧s ❜✉t ❧✐tt❧❡ tr✉st ✐♥ ●❯■s ✭✐s t❤❡ ✐♥❢♦r♠❛t✐♦♥ ✉♣✲t♦✲❞❛t❡❄✮ ❡rr♦rs ✇❤✐❧❡ ❡①❡❝✉t✐♥❣ s❝r✐♣ts ❧❡❛❞ t♦ ✐♥❝♦♥s✐st❡♥t st❛t❡✱ r❡r✉♥♥✐♥❣ ♦❢t❡♥ ❞♦❡s ♥♦t ✇♦r❦ ✭♥♦t ✐❞❡♠♣♦t❡♥t✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✺✴✺✵

slide-131
SLIDE 131

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❉❡s✐❣♥ Pr✐♥❝✐♣❧❡s ❬✶✸❪

▼❛♥② ❞❡s✐❣♥ ♣r✐♥❝✐♣❧❡s ❢♦r t♦♦❧s ✇❡r❡ ❣✐✈❡♥ ❬✶✸❪✿ ❝♦♥✜❣✉r❛t✐♦♥ ❛♥❞ ❧♦❣s s❤♦✉❧❞ ❜❡ ❞✐s♣❧❛②❡❞ ✐♥ ❛ ✉♥✐❢♦r♠ ✇❛② ❆P■s✴♣❧✉❣✐♥s ❢♦r t♦♦❧s s❤♦✉❧❞ ❜❡ ♣r♦✈✐❞❡❞ ❡rr♦rs ✐♥ ❝♦♥✜❣✉r❛t✐♦♥ ♥❡❡❞ t♦ ❜❡ ❞✐s❝♦✈❡r❡❞ q✉✐❝❦❧② ❝♦♥❢✉s✐♦♥ ♦❢ s✐♠✐❧❛r s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ❛✈♦✐❞❡❞ ♣r♦✈✐❞❡ ♠❡❛♥s ♦❢ ❝♦♠♣❛r✐♥❣ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ♣r♦✈✐❞❡ ❝♦♥s✐st❡♥t ♣r♦✜❧❡s ♦❢ ✐♥❢♦r♠❛t✐♦♥ ❜♦t❤ tr❛♥s✐❡♥t ❛♥❞ ♣❡rs✐st❡♥t s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ✈✐s✐❜❧❡ ✇❤❡♥ ❡rr♦rs ♦❝❝✉r✿ ❛❧✇❛②s ❞✐s♣❧❛② ✇❤✐❝❤ ❝❤❛♥❣❡s ❤❛✈❡ ❜❡❡♥ ♠❛❞❡ ✭♠♦❞❡r♥ ❛♣♣r♦❛❝❤ ✐s ✐❞❡♠♣♦t❡♥❝❡✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✻✴✺✵

slide-132
SLIDE 132

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❉❡s✐❣♥ Pr✐♥❝✐♣❧❡s ❬✶✸❪

▼❛♥② ❞❡s✐❣♥ ♣r✐♥❝✐♣❧❡s ❢♦r t♦♦❧s ✇❡r❡ ❣✐✈❡♥ ❬✶✸❪✿ ❝♦♥✜❣✉r❛t✐♦♥ ❛♥❞ ❧♦❣s s❤♦✉❧❞ ❜❡ ❞✐s♣❧❛②❡❞ ✐♥ ❛ ✉♥✐❢♦r♠ ✇❛② ❆P■s✴♣❧✉❣✐♥s ❢♦r t♦♦❧s s❤♦✉❧❞ ❜❡ ♣r♦✈✐❞❡❞ ❡rr♦rs ✐♥ ❝♦♥✜❣✉r❛t✐♦♥ ♥❡❡❞ t♦ ❜❡ ❞✐s❝♦✈❡r❡❞ q✉✐❝❦❧② ❝♦♥❢✉s✐♦♥ ♦❢ s✐♠✐❧❛r s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ❛✈♦✐❞❡❞ ♣r♦✈✐❞❡ ♠❡❛♥s ♦❢ ❝♦♠♣❛r✐♥❣ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ♣r♦✈✐❞❡ ❝♦♥s✐st❡♥t ♣r♦✜❧❡s ♦❢ ✐♥❢♦r♠❛t✐♦♥ ❜♦t❤ tr❛♥s✐❡♥t ❛♥❞ ♣❡rs✐st❡♥t s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ✈✐s✐❜❧❡ ✇❤❡♥ ❡rr♦rs ♦❝❝✉r✿ ❛❧✇❛②s ❞✐s♣❧❛② ✇❤✐❝❤ ❝❤❛♥❣❡s ❤❛✈❡ ❜❡❡♥ ♠❛❞❡ ✭♠♦❞❡r♥ ❛♣♣r♦❛❝❤ ✐s ✐❞❡♠♣♦t❡♥❝❡✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✻✴✺✵

slide-133
SLIDE 133

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❉❡s✐❣♥ Pr✐♥❝✐♣❧❡s ❬✶✸❪

▼❛♥② ❞❡s✐❣♥ ♣r✐♥❝✐♣❧❡s ❢♦r t♦♦❧s ✇❡r❡ ❣✐✈❡♥ ❬✶✸❪✿ ❝♦♥✜❣✉r❛t✐♦♥ ❛♥❞ ❧♦❣s s❤♦✉❧❞ ❜❡ ❞✐s♣❧❛②❡❞ ✐♥ ❛ ✉♥✐❢♦r♠ ✇❛② ❆P■s✴♣❧✉❣✐♥s ❢♦r t♦♦❧s s❤♦✉❧❞ ❜❡ ♣r♦✈✐❞❡❞ ❡rr♦rs ✐♥ ❝♦♥✜❣✉r❛t✐♦♥ ♥❡❡❞ t♦ ❜❡ ❞✐s❝♦✈❡r❡❞ q✉✐❝❦❧② ❝♦♥❢✉s✐♦♥ ♦❢ s✐♠✐❧❛r s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ❛✈♦✐❞❡❞ ♣r♦✈✐❞❡ ♠❡❛♥s ♦❢ ❝♦♠♣❛r✐♥❣ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ♣r♦✈✐❞❡ ❝♦♥s✐st❡♥t ♣r♦✜❧❡s ♦❢ ✐♥❢♦r♠❛t✐♦♥ ❜♦t❤ tr❛♥s✐❡♥t ❛♥❞ ♣❡rs✐st❡♥t s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ✈✐s✐❜❧❡ ✇❤❡♥ ❡rr♦rs ♦❝❝✉r✿ ❛❧✇❛②s ❞✐s♣❧❛② ✇❤✐❝❤ ❝❤❛♥❣❡s ❤❛✈❡ ❜❡❡♥ ♠❛❞❡ ✭♠♦❞❡r♥ ❛♣♣r♦❛❝❤ ✐s ✐❞❡♠♣♦t❡♥❝❡✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✻✴✺✵

slide-134
SLIDE 134

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❉❡s✐❣♥ Pr✐♥❝✐♣❧❡s ❬✶✸❪

▼❛♥② ❞❡s✐❣♥ ♣r✐♥❝✐♣❧❡s ❢♦r t♦♦❧s ✇❡r❡ ❣✐✈❡♥ ❬✶✸❪✿ ❝♦♥✜❣✉r❛t✐♦♥ ❛♥❞ ❧♦❣s s❤♦✉❧❞ ❜❡ ❞✐s♣❧❛②❡❞ ✐♥ ❛ ✉♥✐❢♦r♠ ✇❛② ❆P■s✴♣❧✉❣✐♥s ❢♦r t♦♦❧s s❤♦✉❧❞ ❜❡ ♣r♦✈✐❞❡❞ ❡rr♦rs ✐♥ ❝♦♥✜❣✉r❛t✐♦♥ ♥❡❡❞ t♦ ❜❡ ❞✐s❝♦✈❡r❡❞ q✉✐❝❦❧② ❝♦♥❢✉s✐♦♥ ♦❢ s✐♠✐❧❛r s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ❛✈♦✐❞❡❞ ♣r♦✈✐❞❡ ♠❡❛♥s ♦❢ ❝♦♠♣❛r✐♥❣ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ♣r♦✈✐❞❡ ❝♦♥s✐st❡♥t ♣r♦✜❧❡s ♦❢ ✐♥❢♦r♠❛t✐♦♥ ❜♦t❤ tr❛♥s✐❡♥t ❛♥❞ ♣❡rs✐st❡♥t s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ✈✐s✐❜❧❡ ✇❤❡♥ ❡rr♦rs ♦❝❝✉r✿ ❛❧✇❛②s ❞✐s♣❧❛② ✇❤✐❝❤ ❝❤❛♥❣❡s ❤❛✈❡ ❜❡❡♥ ♠❛❞❡ ✭♠♦❞❡r♥ ❛♣♣r♦❛❝❤ ✐s ✐❞❡♠♣♦t❡♥❝❡✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✻✴✺✵

slide-135
SLIDE 135

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❉❡s✐❣♥ Pr✐♥❝✐♣❧❡s ❬✶✸❪

▼❛♥② ❞❡s✐❣♥ ♣r✐♥❝✐♣❧❡s ❢♦r t♦♦❧s ✇❡r❡ ❣✐✈❡♥ ❬✶✸❪✿ ❝♦♥✜❣✉r❛t✐♦♥ ❛♥❞ ❧♦❣s s❤♦✉❧❞ ❜❡ ❞✐s♣❧❛②❡❞ ✐♥ ❛ ✉♥✐❢♦r♠ ✇❛② ❆P■s✴♣❧✉❣✐♥s ❢♦r t♦♦❧s s❤♦✉❧❞ ❜❡ ♣r♦✈✐❞❡❞ ❡rr♦rs ✐♥ ❝♦♥✜❣✉r❛t✐♦♥ ♥❡❡❞ t♦ ❜❡ ❞✐s❝♦✈❡r❡❞ q✉✐❝❦❧② ❝♦♥❢✉s✐♦♥ ♦❢ s✐♠✐❧❛r s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ❛✈♦✐❞❡❞ ♣r♦✈✐❞❡ ♠❡❛♥s ♦❢ ❝♦♠♣❛r✐♥❣ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ♣r♦✈✐❞❡ ❝♦♥s✐st❡♥t ♣r♦✜❧❡s ♦❢ ✐♥❢♦r♠❛t✐♦♥ ❜♦t❤ tr❛♥s✐❡♥t ❛♥❞ ♣❡rs✐st❡♥t s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ✈✐s✐❜❧❡ ✇❤❡♥ ❡rr♦rs ♦❝❝✉r✿ ❛❧✇❛②s ❞✐s♣❧❛② ✇❤✐❝❤ ❝❤❛♥❣❡s ❤❛✈❡ ❜❡❡♥ ♠❛❞❡ ✭♠♦❞❡r♥ ❛♣♣r♦❛❝❤ ✐s ✐❞❡♠♣♦t❡♥❝❡✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✻✴✺✵

slide-136
SLIDE 136

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❉❡s✐❣♥ Pr✐♥❝✐♣❧❡s ❬✶✸❪

▼❛♥② ❞❡s✐❣♥ ♣r✐♥❝✐♣❧❡s ❢♦r t♦♦❧s ✇❡r❡ ❣✐✈❡♥ ❬✶✸❪✿ ❝♦♥✜❣✉r❛t✐♦♥ ❛♥❞ ❧♦❣s s❤♦✉❧❞ ❜❡ ❞✐s♣❧❛②❡❞ ✐♥ ❛ ✉♥✐❢♦r♠ ✇❛② ❆P■s✴♣❧✉❣✐♥s ❢♦r t♦♦❧s s❤♦✉❧❞ ❜❡ ♣r♦✈✐❞❡❞ ❡rr♦rs ✐♥ ❝♦♥✜❣✉r❛t✐♦♥ ♥❡❡❞ t♦ ❜❡ ❞✐s❝♦✈❡r❡❞ q✉✐❝❦❧② ❝♦♥❢✉s✐♦♥ ♦❢ s✐♠✐❧❛r s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ❛✈♦✐❞❡❞ ♣r♦✈✐❞❡ ♠❡❛♥s ♦❢ ❝♦♠♣❛r✐♥❣ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ♣r♦✈✐❞❡ ❝♦♥s✐st❡♥t ♣r♦✜❧❡s ♦❢ ✐♥❢♦r♠❛t✐♦♥ ❜♦t❤ tr❛♥s✐❡♥t ❛♥❞ ♣❡rs✐st❡♥t s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ✈✐s✐❜❧❡ ✇❤❡♥ ❡rr♦rs ♦❝❝✉r✿ ❛❧✇❛②s ❞✐s♣❧❛② ✇❤✐❝❤ ❝❤❛♥❣❡s ❤❛✈❡ ❜❡❡♥ ♠❛❞❡ ✭♠♦❞❡r♥ ❛♣♣r♦❛❝❤ ✐s ✐❞❡♠♣♦t❡♥❝❡✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✻✴✺✵

slide-137
SLIDE 137

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❉❡s✐❣♥ Pr✐♥❝✐♣❧❡s ❬✶✸❪

▼❛♥② ❞❡s✐❣♥ ♣r✐♥❝✐♣❧❡s ❢♦r t♦♦❧s ✇❡r❡ ❣✐✈❡♥ ❬✶✸❪✿ ❝♦♥✜❣✉r❛t✐♦♥ ❛♥❞ ❧♦❣s s❤♦✉❧❞ ❜❡ ❞✐s♣❧❛②❡❞ ✐♥ ❛ ✉♥✐❢♦r♠ ✇❛② ❆P■s✴♣❧✉❣✐♥s ❢♦r t♦♦❧s s❤♦✉❧❞ ❜❡ ♣r♦✈✐❞❡❞ ❡rr♦rs ✐♥ ❝♦♥✜❣✉r❛t✐♦♥ ♥❡❡❞ t♦ ❜❡ ❞✐s❝♦✈❡r❡❞ q✉✐❝❦❧② ❝♦♥❢✉s✐♦♥ ♦❢ s✐♠✐❧❛r s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ❛✈♦✐❞❡❞ ♣r♦✈✐❞❡ ♠❡❛♥s ♦❢ ❝♦♠♣❛r✐♥❣ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ♣r♦✈✐❞❡ ❝♦♥s✐st❡♥t ♣r♦✜❧❡s ♦❢ ✐♥❢♦r♠❛t✐♦♥ ❜♦t❤ tr❛♥s✐❡♥t ❛♥❞ ♣❡rs✐st❡♥t s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ✈✐s✐❜❧❡ ✇❤❡♥ ❡rr♦rs ♦❝❝✉r✿ ❛❧✇❛②s ❞✐s♣❧❛② ✇❤✐❝❤ ❝❤❛♥❣❡s ❤❛✈❡ ❜❡❡♥ ♠❛❞❡ ✭♠♦❞❡r♥ ❛♣♣r♦❛❝❤ ✐s ✐❞❡♠♣♦t❡♥❝❡✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✻✴✺✵

slide-138
SLIDE 138

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❉❡s✐❣♥ Pr✐♥❝✐♣❧❡s ❬✶✸❪

▼❛♥② ❞❡s✐❣♥ ♣r✐♥❝✐♣❧❡s ❢♦r t♦♦❧s ✇❡r❡ ❣✐✈❡♥ ❬✶✸❪✿ ❝♦♥✜❣✉r❛t✐♦♥ ❛♥❞ ❧♦❣s s❤♦✉❧❞ ❜❡ ❞✐s♣❧❛②❡❞ ✐♥ ❛ ✉♥✐❢♦r♠ ✇❛② ❆P■s✴♣❧✉❣✐♥s ❢♦r t♦♦❧s s❤♦✉❧❞ ❜❡ ♣r♦✈✐❞❡❞ ❡rr♦rs ✐♥ ❝♦♥✜❣✉r❛t✐♦♥ ♥❡❡❞ t♦ ❜❡ ❞✐s❝♦✈❡r❡❞ q✉✐❝❦❧② ❝♦♥❢✉s✐♦♥ ♦❢ s✐♠✐❧❛r s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ❛✈♦✐❞❡❞ ♣r♦✈✐❞❡ ♠❡❛♥s ♦❢ ❝♦♠♣❛r✐♥❣ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ♣r♦✈✐❞❡ ❝♦♥s✐st❡♥t ♣r♦✜❧❡s ♦❢ ✐♥❢♦r♠❛t✐♦♥ ❜♦t❤ tr❛♥s✐❡♥t ❛♥❞ ♣❡rs✐st❡♥t s❡tt✐♥❣s s❤♦✉❧❞ ❜❡ ✈✐s✐❜❧❡ ✇❤❡♥ ❡rr♦rs ♦❝❝✉r✿ ❛❧✇❛②s ❞✐s♣❧❛② ✇❤✐❝❤ ❝❤❛♥❣❡s ❤❛✈❡ ❜❡❡♥ ♠❛❞❡ ✭♠♦❞❡r♥ ❛♣♣r♦❛❝❤ ✐s ✐❞❡♠♣♦t❡♥❝❡✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✻✴✺✵

slide-139
SLIDE 139

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❆♣♣❧② t♦ ❈▼

❲❤❛t ❝❛♥ ✇❡ ❧❡❛r♥ ❢r♦♠ ♠❛♥✉❛❧ s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥❄ + ✐♥t❡♥s✐✈❡ r❡✈✐❡✇ ♣r♦❝❡ss ❝❛t❝❤❡s ❡rr♦rs ❝♦❧❧❛❜♦r❛t✐♦♥ ✐♥❡✛❡❝t✐✈❡ ❝♦♥t❡①t✴s✐t✉❛t✐♦♥❛❧ ❛✇❛r❡♥❡ss ✐s ❡ss❡♥t✐❛❧ ♣r❡❝✐s❡ ❡❞✐t✐♥❣ ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s ✇♦r❦s ✇❡❧❧ s❡❧❢✲✇r✐tt❡♥ t♦♦❧s ❛r❡ ✈❡r② ❡✣❝✐❡♥t ■❞❡❛ ❘❡♣❧✐❝❛t❡ ♣❛rts t❤❛t ✇♦r❦ ✇❡❧❧✱ ❛✉t♦♠❛t❡ ❡rr♦r✲♣r♦♥❡ ♣❛rts✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✼✴✺✵

slide-140
SLIDE 140

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❆♣♣❧② t♦ ❈▼

❲❤❛t ❝❛♥ ✇❡ ❧❡❛r♥ ❢r♦♠ ♠❛♥✉❛❧ s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥❄ + ✐♥t❡♥s✐✈❡ r❡✈✐❡✇ ♣r♦❝❡ss ❝❛t❝❤❡s ❡rr♦rs − ❝♦❧❧❛❜♦r❛t✐♦♥ ✐♥❡✛❡❝t✐✈❡ ❝♦♥t❡①t✴s✐t✉❛t✐♦♥❛❧ ❛✇❛r❡♥❡ss ✐s ❡ss❡♥t✐❛❧ ♣r❡❝✐s❡ ❡❞✐t✐♥❣ ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s ✇♦r❦s ✇❡❧❧ s❡❧❢✲✇r✐tt❡♥ t♦♦❧s ❛r❡ ✈❡r② ❡✣❝✐❡♥t ■❞❡❛ ❘❡♣❧✐❝❛t❡ ♣❛rts t❤❛t ✇♦r❦ ✇❡❧❧✱ ❛✉t♦♠❛t❡ ❡rr♦r✲♣r♦♥❡ ♣❛rts✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✼✴✺✵

slide-141
SLIDE 141

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❆♣♣❧② t♦ ❈▼

❲❤❛t ❝❛♥ ✇❡ ❧❡❛r♥ ❢r♦♠ ♠❛♥✉❛❧ s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥❄ + ✐♥t❡♥s✐✈❡ r❡✈✐❡✇ ♣r♦❝❡ss ❝❛t❝❤❡s ❡rr♦rs − ❝♦❧❧❛❜♦r❛t✐♦♥ ✐♥❡✛❡❝t✐✈❡ − ❝♦♥t❡①t✴s✐t✉❛t✐♦♥❛❧ ❛✇❛r❡♥❡ss ✐s ❡ss❡♥t✐❛❧ ♣r❡❝✐s❡ ❡❞✐t✐♥❣ ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s ✇♦r❦s ✇❡❧❧ s❡❧❢✲✇r✐tt❡♥ t♦♦❧s ❛r❡ ✈❡r② ❡✣❝✐❡♥t ■❞❡❛ ❘❡♣❧✐❝❛t❡ ♣❛rts t❤❛t ✇♦r❦ ✇❡❧❧✱ ❛✉t♦♠❛t❡ ❡rr♦r✲♣r♦♥❡ ♣❛rts✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✼✴✺✵

slide-142
SLIDE 142

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❆♣♣❧② t♦ ❈▼

❲❤❛t ❝❛♥ ✇❡ ❧❡❛r♥ ❢r♦♠ ♠❛♥✉❛❧ s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥❄ + ✐♥t❡♥s✐✈❡ r❡✈✐❡✇ ♣r♦❝❡ss ❝❛t❝❤❡s ❡rr♦rs − ❝♦❧❧❛❜♦r❛t✐♦♥ ✐♥❡✛❡❝t✐✈❡ − ❝♦♥t❡①t✴s✐t✉❛t✐♦♥❛❧ ❛✇❛r❡♥❡ss ✐s ❡ss❡♥t✐❛❧ + ♣r❡❝✐s❡ ❡❞✐t✐♥❣ ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s ✇♦r❦s ✇❡❧❧ s❡❧❢✲✇r✐tt❡♥ t♦♦❧s ❛r❡ ✈❡r② ❡✣❝✐❡♥t ■❞❡❛ ❘❡♣❧✐❝❛t❡ ♣❛rts t❤❛t ✇♦r❦ ✇❡❧❧✱ ❛✉t♦♠❛t❡ ❡rr♦r✲♣r♦♥❡ ♣❛rts✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✼✴✺✵

slide-143
SLIDE 143

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❆♣♣❧② t♦ ❈▼

❲❤❛t ❝❛♥ ✇❡ ❧❡❛r♥ ❢r♦♠ ♠❛♥✉❛❧ s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥❄ + ✐♥t❡♥s✐✈❡ r❡✈✐❡✇ ♣r♦❝❡ss ❝❛t❝❤❡s ❡rr♦rs − ❝♦❧❧❛❜♦r❛t✐♦♥ ✐♥❡✛❡❝t✐✈❡ − ❝♦♥t❡①t✴s✐t✉❛t✐♦♥❛❧ ❛✇❛r❡♥❡ss ✐s ❡ss❡♥t✐❛❧ + ♣r❡❝✐s❡ ❡❞✐t✐♥❣ ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s ✇♦r❦s ✇❡❧❧ + s❡❧❢✲✇r✐tt❡♥ t♦♦❧s ❛r❡ ✈❡r② ❡✣❝✐❡♥t ■❞❡❛ ❘❡♣❧✐❝❛t❡ ♣❛rts t❤❛t ✇♦r❦ ✇❡❧❧✱ ❛✉t♦♠❛t❡ ❡rr♦r✲♣r♦♥❡ ♣❛rts✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✼✴✺✵

slide-144
SLIDE 144

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❆♣♣❧② t♦ ❈▼

❲❤❛t ❝❛♥ ✇❡ ❧❡❛r♥ ❢r♦♠ ♠❛♥✉❛❧ s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥❄ + ✐♥t❡♥s✐✈❡ r❡✈✐❡✇ ♣r♦❝❡ss ❝❛t❝❤❡s ❡rr♦rs − ❝♦❧❧❛❜♦r❛t✐♦♥ ✐♥❡✛❡❝t✐✈❡ − ❝♦♥t❡①t✴s✐t✉❛t✐♦♥❛❧ ❛✇❛r❡♥❡ss ✐s ❡ss❡♥t✐❛❧ + ♣r❡❝✐s❡ ❡❞✐t✐♥❣ ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s ✇♦r❦s ✇❡❧❧ + s❡❧❢✲✇r✐tt❡♥ t♦♦❧s ❛r❡ ✈❡r② ❡✣❝✐❡♥t ■❞❡❛ ❘❡♣❧✐❝❛t❡ ♣❛rts t❤❛t ✇♦r❦ ✇❡❧❧✱ ❛✉t♦♠❛t❡ ❡rr♦r✲♣r♦♥❡ ♣❛rts✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✼✴✺✵

slide-145
SLIDE 145

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

Pr❡❝✐s❡ ❊❞✐t✐♥❣

P❛rt✐❛❧ ♠♦❞✐✜❝❛t✐♦♥s ✭♣r❡❝✐s❡ ❡❞✐t✐♥❣✮ ✐s ♥❛t✉r❛❧ ❢♦r ❤✉♠❛♥s✳ ■t ❡♥s✉r❡s ♣r❡s❡r✈❛t✐♦♥s ♦❢ ✭♣♦t❡♥t✐❛❧❧② s❡❝✉r✐t②✲r❡❧❡✈❛♥t✦✮ ❞❡❢❛✉❧ts✳ ■♥ ❈▼ ❢♦❧❧♦✇✐♥❣ ♠❡t❤♦❞s ❛r❡ ✉s❡❞✿ ❡♠❜❡❞ s❤❡❧❧ ❝♦♠♠❛♥❞s t♦ ❞♦ t❤❡ ✇♦r❦ r❡♣❧❛❝❡ ❢✉❧❧ ❝♦♥t❡♥t ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s r❡♣❧❛❝❡ ❢✉❧❧ ❝♦♥t❡♥t ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s ✇✐t❤ t❡♠♣❧❛t❡s ❧✐♥❡ ❜❛s❡❞ ♠❛♥✐♣✉❧❛t✐♦♥ ✭❡✳❣✳✱ ✜❧❡❴❧✐♥❡✮✿ ♠❛t❝❤ ❧✐♥❡ ❛♥❞ r❡♣❧❛❝❡ ✐t ❆✉❣❡❛s✴❳▼▲✿ ♠❛t❝❤ ❛ ❦❡② ✇✐t❤ ❳P❛t❤ ❛♥❞ r❡♣❧❛❝❡ ✐t ❊❧❡❦tr❛✿ s❡t t❤❡ ✈❛❧✉❡ ♦❢ ❛ ❦❡②

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✽✴✺✵

slide-146
SLIDE 146

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

Pr❡❝✐s❡ ❊❞✐t✐♥❣

P❛rt✐❛❧ ♠♦❞✐✜❝❛t✐♦♥s ✭♣r❡❝✐s❡ ❡❞✐t✐♥❣✮ ✐s ♥❛t✉r❛❧ ❢♦r ❤✉♠❛♥s✳ ■t ❡♥s✉r❡s ♣r❡s❡r✈❛t✐♦♥s ♦❢ ✭♣♦t❡♥t✐❛❧❧② s❡❝✉r✐t②✲r❡❧❡✈❛♥t✦✮ ❞❡❢❛✉❧ts✳ ■♥ ❈▼ ❢♦❧❧♦✇✐♥❣ ♠❡t❤♦❞s ❛r❡ ✉s❡❞✿ ❡♠❜❡❞ s❤❡❧❧ ❝♦♠♠❛♥❞s t♦ ❞♦ t❤❡ ✇♦r❦ r❡♣❧❛❝❡ ❢✉❧❧ ❝♦♥t❡♥t ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s r❡♣❧❛❝❡ ❢✉❧❧ ❝♦♥t❡♥t ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s ✇✐t❤ t❡♠♣❧❛t❡s ❧✐♥❡ ❜❛s❡❞ ♠❛♥✐♣✉❧❛t✐♦♥ ✭❡✳❣✳✱ ✜❧❡❴❧✐♥❡✮✿ ♠❛t❝❤ ❧✐♥❡ ❛♥❞ r❡♣❧❛❝❡ ✐t ❆✉❣❡❛s✴❳▼▲✿ ♠❛t❝❤ ❛ ❦❡② ✇✐t❤ ❳P❛t❤ ❛♥❞ r❡♣❧❛❝❡ ✐t ❊❧❡❦tr❛✿ s❡t t❤❡ ✈❛❧✉❡ ♦❢ ❛ ❦❡②

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✽✴✺✵

slide-147
SLIDE 147

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

Pr❡❝✐s❡ ❊❞✐t✐♥❣

P❛rt✐❛❧ ♠♦❞✐✜❝❛t✐♦♥s ✭♣r❡❝✐s❡ ❡❞✐t✐♥❣✮ ✐s ♥❛t✉r❛❧ ❢♦r ❤✉♠❛♥s✳ ■t ❡♥s✉r❡s ♣r❡s❡r✈❛t✐♦♥s ♦❢ ✭♣♦t❡♥t✐❛❧❧② s❡❝✉r✐t②✲r❡❧❡✈❛♥t✦✮ ❞❡❢❛✉❧ts✳ ■♥ ❈▼ ❢♦❧❧♦✇✐♥❣ ♠❡t❤♦❞s ❛r❡ ✉s❡❞✿ ❡♠❜❡❞ s❤❡❧❧ ❝♦♠♠❛♥❞s t♦ ❞♦ t❤❡ ✇♦r❦ r❡♣❧❛❝❡ ❢✉❧❧ ❝♦♥t❡♥t ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s r❡♣❧❛❝❡ ❢✉❧❧ ❝♦♥t❡♥t ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s ✇✐t❤ t❡♠♣❧❛t❡s ❧✐♥❡ ❜❛s❡❞ ♠❛♥✐♣✉❧❛t✐♦♥ ✭❡✳❣✳✱ ✜❧❡❴❧✐♥❡✮✿ ♠❛t❝❤ ❧✐♥❡ ❛♥❞ r❡♣❧❛❝❡ ✐t ❆✉❣❡❛s✴❳▼▲✿ ♠❛t❝❤ ❛ ❦❡② ✇✐t❤ ❳P❛t❤ ❛♥❞ r❡♣❧❛❝❡ ✐t ❊❧❡❦tr❛✿ s❡t t❤❡ ✈❛❧✉❡ ♦❢ ❛ ❦❡②

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✽✴✺✵

slide-148
SLIDE 148

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

Pr❡❝✐s❡ ❊❞✐t✐♥❣

P❛rt✐❛❧ ♠♦❞✐✜❝❛t✐♦♥s ✭♣r❡❝✐s❡ ❡❞✐t✐♥❣✮ ✐s ♥❛t✉r❛❧ ❢♦r ❤✉♠❛♥s✳ ■t ❡♥s✉r❡s ♣r❡s❡r✈❛t✐♦♥s ♦❢ ✭♣♦t❡♥t✐❛❧❧② s❡❝✉r✐t②✲r❡❧❡✈❛♥t✦✮ ❞❡❢❛✉❧ts✳ ■♥ ❈▼ ❢♦❧❧♦✇✐♥❣ ♠❡t❤♦❞s ❛r❡ ✉s❡❞✿ ❡♠❜❡❞ s❤❡❧❧ ❝♦♠♠❛♥❞s t♦ ❞♦ t❤❡ ✇♦r❦ r❡♣❧❛❝❡ ❢✉❧❧ ❝♦♥t❡♥t ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s r❡♣❧❛❝❡ ❢✉❧❧ ❝♦♥t❡♥t ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s ✇✐t❤ t❡♠♣❧❛t❡s ❧✐♥❡ ❜❛s❡❞ ♠❛♥✐♣✉❧❛t✐♦♥ ✭❡✳❣✳✱ ✜❧❡❴❧✐♥❡✮✿ ♠❛t❝❤ ❧✐♥❡ ❛♥❞ r❡♣❧❛❝❡ ✐t ❆✉❣❡❛s✴❳▼▲✿ ♠❛t❝❤ ❛ ❦❡② ✇✐t❤ ❳P❛t❤ ❛♥❞ r❡♣❧❛❝❡ ✐t ❊❧❡❦tr❛✿ s❡t t❤❡ ✈❛❧✉❡ ♦❢ ❛ ❦❡②

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✽✴✺✵

slide-149
SLIDE 149

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

Pr❡❝✐s❡ ❊❞✐t✐♥❣

P❛rt✐❛❧ ♠♦❞✐✜❝❛t✐♦♥s ✭♣r❡❝✐s❡ ❡❞✐t✐♥❣✮ ✐s ♥❛t✉r❛❧ ❢♦r ❤✉♠❛♥s✳ ■t ❡♥s✉r❡s ♣r❡s❡r✈❛t✐♦♥s ♦❢ ✭♣♦t❡♥t✐❛❧❧② s❡❝✉r✐t②✲r❡❧❡✈❛♥t✦✮ ❞❡❢❛✉❧ts✳ ■♥ ❈▼ ❢♦❧❧♦✇✐♥❣ ♠❡t❤♦❞s ❛r❡ ✉s❡❞✿ ❡♠❜❡❞ s❤❡❧❧ ❝♦♠♠❛♥❞s t♦ ❞♦ t❤❡ ✇♦r❦ r❡♣❧❛❝❡ ❢✉❧❧ ❝♦♥t❡♥t ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s r❡♣❧❛❝❡ ❢✉❧❧ ❝♦♥t❡♥t ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s ✇✐t❤ t❡♠♣❧❛t❡s ❧✐♥❡ ❜❛s❡❞ ♠❛♥✐♣✉❧❛t✐♦♥ ✭❡✳❣✳✱ ✜❧❡❴❧✐♥❡✮✿ ♠❛t❝❤ ❧✐♥❡ ❛♥❞ r❡♣❧❛❝❡ ✐t ❆✉❣❡❛s✴❳▼▲✿ ♠❛t❝❤ ❛ ❦❡② ✇✐t❤ ❳P❛t❤ ❛♥❞ r❡♣❧❛❝❡ ✐t ❊❧❡❦tr❛✿ s❡t t❤❡ ✈❛❧✉❡ ♦❢ ❛ ❦❡②

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✽✴✺✵

slide-150
SLIDE 150

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

Pr❡❝✐s❡ ❊❞✐t✐♥❣

P❛rt✐❛❧ ♠♦❞✐✜❝❛t✐♦♥s ✭♣r❡❝✐s❡ ❡❞✐t✐♥❣✮ ✐s ♥❛t✉r❛❧ ❢♦r ❤✉♠❛♥s✳ ■t ❡♥s✉r❡s ♣r❡s❡r✈❛t✐♦♥s ♦❢ ✭♣♦t❡♥t✐❛❧❧② s❡❝✉r✐t②✲r❡❧❡✈❛♥t✦✮ ❞❡❢❛✉❧ts✳ ■♥ ❈▼ ❢♦❧❧♦✇✐♥❣ ♠❡t❤♦❞s ❛r❡ ✉s❡❞✿ ❡♠❜❡❞ s❤❡❧❧ ❝♦♠♠❛♥❞s t♦ ❞♦ t❤❡ ✇♦r❦ r❡♣❧❛❝❡ ❢✉❧❧ ❝♦♥t❡♥t ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s r❡♣❧❛❝❡ ❢✉❧❧ ❝♦♥t❡♥t ♦❢ ❝♦♥✜❣✉r❛t✐♦♥ ✜❧❡s ✇✐t❤ t❡♠♣❧❛t❡s ❧✐♥❡ ❜❛s❡❞ ♠❛♥✐♣✉❧❛t✐♦♥ ✭❡✳❣✳✱ ✜❧❡❴❧✐♥❡✮✿ ♠❛t❝❤ ❧✐♥❡ ❛♥❞ r❡♣❧❛❝❡ ✐t ❆✉❣❡❛s✴❳▼▲✿ ♠❛t❝❤ ❛ ❦❡② ✇✐t❤ ❳P❛t❤ ❛♥❞ r❡♣❧❛❝❡ ✐t ❊❧❡❦tr❛✿ s❡t t❤❡ ✈❛❧✉❡ ♦❢ ❛ ❦❡②

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✽✴✺✵

slide-151
SLIDE 151

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❆♣♣❧② t♦ ❈▼

❊❧❡❦tr❛✬s ❣♦❛❧s ❛r❡✿ ✐t s❤♦✉❧❞ ❜❡ ❡❛s② t♦ ❞❡✈❡❧♦♣ ♥❡✇ ❤✐❣❤✲❧❡✈❡❧ t♦♦❧s ♣r❡❝✐s❡ ❡❞✐t✐♥❣✿ ❝❤❛♥❣❡ t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ ✈❛❧✉❡ ❛s s♣❡❝✐✜❡❞ ❆❞♠✐♥✐str❛t♦rs✴❉❡✈s st✐❧❧ ♥❡❡❞ t♦✿ ✐♥t❡♥s✐✈❡❧② r❡✈✐❡✇ ❛♥❞ ✐♠♣r♦✈❡ t❤❡ s♣❡❝✐✜❝❛t✐♦♥s t❡st ✭❛♥❞ ❞❡❜✉❣✮ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ❖♣❡♥ t♦♣✐❝s ✭✐♥❝♦♠♣❧❡t❡✮✿ s❛❢❡ ♠✐❣r❛t✐♦♥s ♦❢ s❡tt✐♥❣s ❛♥❞ ❞❛t❛ ❝♦❧❧❛❜♦r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t ✭✐♥❝❧✉❞✐♥❣ ❦♥♦✇❧❡❞❣❡✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✾✴✺✵

slide-152
SLIDE 152

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❆♣♣❧② t♦ ❈▼

❊❧❡❦tr❛✬s ❣♦❛❧s ❛r❡✿ ✐t s❤♦✉❧❞ ❜❡ ❡❛s② t♦ ❞❡✈❡❧♦♣ ♥❡✇ ❤✐❣❤✲❧❡✈❡❧ t♦♦❧s ♣r❡❝✐s❡ ❡❞✐t✐♥❣✿ ❝❤❛♥❣❡ t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ ✈❛❧✉❡ ❛s s♣❡❝✐✜❡❞ ❆❞♠✐♥✐str❛t♦rs✴❉❡✈s st✐❧❧ ♥❡❡❞ t♦✿ ✐♥t❡♥s✐✈❡❧② r❡✈✐❡✇ ❛♥❞ ✐♠♣r♦✈❡ t❤❡ s♣❡❝✐✜❝❛t✐♦♥s t❡st ✭❛♥❞ ❞❡❜✉❣✮ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ❖♣❡♥ t♦♣✐❝s ✭✐♥❝♦♠♣❧❡t❡✮✿ s❛❢❡ ♠✐❣r❛t✐♦♥s ♦❢ s❡tt✐♥❣s ❛♥❞ ❞❛t❛ ❝♦❧❧❛❜♦r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t ✭✐♥❝❧✉❞✐♥❣ ❦♥♦✇❧❡❞❣❡✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✾✴✺✵

slide-153
SLIDE 153

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❆♣♣❧② t♦ ❈▼

❊❧❡❦tr❛✬s ❣♦❛❧s ❛r❡✿ ✐t s❤♦✉❧❞ ❜❡ ❡❛s② t♦ ❞❡✈❡❧♦♣ ♥❡✇ ❤✐❣❤✲❧❡✈❡❧ t♦♦❧s ♣r❡❝✐s❡ ❡❞✐t✐♥❣✿ ❝❤❛♥❣❡ t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ ✈❛❧✉❡ ❛s s♣❡❝✐✜❡❞ ❆❞♠✐♥✐str❛t♦rs✴❉❡✈s st✐❧❧ ♥❡❡❞ t♦✿ ✐♥t❡♥s✐✈❡❧② r❡✈✐❡✇ ❛♥❞ ✐♠♣r♦✈❡ t❤❡ s♣❡❝✐✜❝❛t✐♦♥s t❡st ✭❛♥❞ ❞❡❜✉❣✮ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ❖♣❡♥ t♦♣✐❝s ✭✐♥❝♦♠♣❧❡t❡✮✿ s❛❢❡ ♠✐❣r❛t✐♦♥s ♦❢ s❡tt✐♥❣s ❛♥❞ ❞❛t❛ ❝♦❧❧❛❜♦r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t ✭✐♥❝❧✉❞✐♥❣ ❦♥♦✇❧❡❞❣❡✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✾✴✺✵

slide-154
SLIDE 154

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❆♣♣❧② t♦ ❈▼

❊❧❡❦tr❛✬s ❣♦❛❧s ❛r❡✿ ✐t s❤♦✉❧❞ ❜❡ ❡❛s② t♦ ❞❡✈❡❧♦♣ ♥❡✇ ❤✐❣❤✲❧❡✈❡❧ t♦♦❧s ♣r❡❝✐s❡ ❡❞✐t✐♥❣✿ ❝❤❛♥❣❡ t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ ✈❛❧✉❡ ❛s s♣❡❝✐✜❡❞ ❆❞♠✐♥✐str❛t♦rs✴❉❡✈s st✐❧❧ ♥❡❡❞ t♦✿ ✐♥t❡♥s✐✈❡❧② r❡✈✐❡✇ ❛♥❞ ✐♠♣r♦✈❡ t❤❡ s♣❡❝✐✜❝❛t✐♦♥s t❡st ✭❛♥❞ ❞❡❜✉❣✮ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ❖♣❡♥ t♦♣✐❝s ✭✐♥❝♦♠♣❧❡t❡✮✿ s❛❢❡ ♠✐❣r❛t✐♦♥s ♦❢ s❡tt✐♥❣s ❛♥❞ ❞❛t❛ ❝♦❧❧❛❜♦r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t ✭✐♥❝❧✉❞✐♥❣ ❦♥♦✇❧❡❞❣❡✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✾✴✺✵

slide-155
SLIDE 155

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❆♣♣❧② t♦ ❈▼

❊❧❡❦tr❛✬s ❣♦❛❧s ❛r❡✿ ✐t s❤♦✉❧❞ ❜❡ ❡❛s② t♦ ❞❡✈❡❧♦♣ ♥❡✇ ❤✐❣❤✲❧❡✈❡❧ t♦♦❧s ♣r❡❝✐s❡ ❡❞✐t✐♥❣✿ ❝❤❛♥❣❡ t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ ✈❛❧✉❡ ❛s s♣❡❝✐✜❡❞ ❆❞♠✐♥✐str❛t♦rs✴❉❡✈s st✐❧❧ ♥❡❡❞ t♦✿ ✐♥t❡♥s✐✈❡❧② r❡✈✐❡✇ ❛♥❞ ✐♠♣r♦✈❡ t❤❡ s♣❡❝✐✜❝❛t✐♦♥s t❡st ✭❛♥❞ ❞❡❜✉❣✮ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ❖♣❡♥ t♦♣✐❝s ✭✐♥❝♦♠♣❧❡t❡✮✿ s❛❢❡ ♠✐❣r❛t✐♦♥s ♦❢ s❡tt✐♥❣s ❛♥❞ ❞❛t❛ ❝♦❧❧❛❜♦r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t ✭✐♥❝❧✉❞✐♥❣ ❦♥♦✇❧❡❞❣❡✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✾✴✺✵

slide-156
SLIDE 156

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❆♣♣❧② t♦ ❈▼

❊❧❡❦tr❛✬s ❣♦❛❧s ❛r❡✿ ✐t s❤♦✉❧❞ ❜❡ ❡❛s② t♦ ❞❡✈❡❧♦♣ ♥❡✇ ❤✐❣❤✲❧❡✈❡❧ t♦♦❧s ♣r❡❝✐s❡ ❡❞✐t✐♥❣✿ ❝❤❛♥❣❡ t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ ✈❛❧✉❡ ❛s s♣❡❝✐✜❡❞ ❆❞♠✐♥✐str❛t♦rs✴❉❡✈s st✐❧❧ ♥❡❡❞ t♦✿ ✐♥t❡♥s✐✈❡❧② r❡✈✐❡✇ ❛♥❞ ✐♠♣r♦✈❡ t❤❡ s♣❡❝✐✜❝❛t✐♦♥s t❡st ✭❛♥❞ ❞❡❜✉❣✮ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ❖♣❡♥ t♦♣✐❝s ✭✐♥❝♦♠♣❧❡t❡✮✿ s❛❢❡ ♠✐❣r❛t✐♦♥s ♦❢ s❡tt✐♥❣s ❛♥❞ ❞❛t❛ ❝♦❧❧❛❜♦r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t ✭✐♥❝❧✉❞✐♥❣ ❦♥♦✇❧❡❞❣❡✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✾✴✺✵

slide-157
SLIDE 157

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❆♣♣❧② t♦ ❈▼

❊❧❡❦tr❛✬s ❣♦❛❧s ❛r❡✿ ✐t s❤♦✉❧❞ ❜❡ ❡❛s② t♦ ❞❡✈❡❧♦♣ ♥❡✇ ❤✐❣❤✲❧❡✈❡❧ t♦♦❧s ♣r❡❝✐s❡ ❡❞✐t✐♥❣✿ ❝❤❛♥❣❡ t❤❡ ❝♦♥✜❣✉r❛t✐♦♥ ✈❛❧✉❡ ❛s s♣❡❝✐✜❡❞ ❆❞♠✐♥✐str❛t♦rs✴❉❡✈s st✐❧❧ ♥❡❡❞ t♦✿ ✐♥t❡♥s✐✈❡❧② r❡✈✐❡✇ ❛♥❞ ✐♠♣r♦✈❡ t❤❡ s♣❡❝✐✜❝❛t✐♦♥s t❡st ✭❛♥❞ ❞❡❜✉❣✮ ❝♦♥✜❣✉r❛t✐♦♥ s❡tt✐♥❣s ❖♣❡♥ t♦♣✐❝s ✭✐♥❝♦♠♣❧❡t❡✮✿ s❛❢❡ ♠✐❣r❛t✐♦♥s ♦❢ s❡tt✐♥❣s ❛♥❞ ❞❛t❛ ❝♦❧❧❛❜♦r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t ✭✐♥❝❧✉❞✐♥❣ ❦♥♦✇❧❡❞❣❡✮

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✾✴✺✵

slide-158
SLIDE 158

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥❝❧✉s✐♦♥

❈♦♥✜❣✉r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t ❧❛♥❣✉❛❣❡s ❞✐✛❡r ✇✐❞❡❧②✳ ❈♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s ❛r❡ ❤❡❧♣❢✉❧ ✐♥ ❞✐✛❡r❡♥t ✇❛②s✳ ❉♦ ♥♦t ❞❡s✐❣♥ ❛r♦✉♥❞ t♦♦❧s ❜✉t ❞❡s✐❣♥ t♦♦❧s ❛r♦✉♥❞ ②♦✉✳ ❖✉t❧♦♦❦✿ ●♦ ♠♦r❡ ✐♥✲❞❡♣t❤ ✐♥t♦ ❈▼ ❧❛♥❣✉❛❣❡s✱ ❝♦♥t❡①t✉❛❧✐③❡ ✇✐t❤ ♦✉r t♦♣✐❝s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✺✵✴✺✵

slide-159
SLIDE 159

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥❝❧✉s✐♦♥

❈♦♥✜❣✉r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t ❧❛♥❣✉❛❣❡s ❞✐✛❡r ✇✐❞❡❧②✳ ❈♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s ❛r❡ ❤❡❧♣❢✉❧ ✐♥ ❞✐✛❡r❡♥t ✇❛②s✳ ❉♦ ♥♦t ❞❡s✐❣♥ ❛r♦✉♥❞ t♦♦❧s ❜✉t ❞❡s✐❣♥ t♦♦❧s ❛r♦✉♥❞ ②♦✉✳ ❖✉t❧♦♦❦✿ ●♦ ♠♦r❡ ✐♥✲❞❡♣t❤ ✐♥t♦ ❈▼ ❧❛♥❣✉❛❣❡s✱ ❝♦♥t❡①t✉❛❧✐③❡ ✇✐t❤ ♦✉r t♦♣✐❝s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✺✵✴✺✵

slide-160
SLIDE 160

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥❝❧✉s✐♦♥

❈♦♥✜❣✉r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t ❧❛♥❣✉❛❣❡s ❞✐✛❡r ✇✐❞❡❧②✳ ❈♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s ❛r❡ ❤❡❧♣❢✉❧ ✐♥ ❞✐✛❡r❡♥t ✇❛②s✳ ❉♦ ♥♦t ❞❡s✐❣♥ ❛r♦✉♥❞ t♦♦❧s ❜✉t ❞❡s✐❣♥ t♦♦❧s ❛r♦✉♥❞ ②♦✉✳ ❖✉t❧♦♦❦✿ ●♦ ♠♦r❡ ✐♥✲❞❡♣t❤ ✐♥t♦ ❈▼ ❧❛♥❣✉❛❣❡s✱ ❝♦♥t❡①t✉❛❧✐③❡ ✇✐t❤ ♦✉r t♦♣✐❝s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✺✵✴✺✵

slide-161
SLIDE 161

❘❡❝❛♣✐t✉❧❛t✐♦♥ ❈▼ ❧❛♥❣✉❛❣❡s ❊rr♦r ▼❡ss❛❣❡s ❯s❡r ❱✐❡✇

❈♦♥❝❧✉s✐♦♥

❈♦♥✜❣✉r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t ❧❛♥❣✉❛❣❡s ❞✐✛❡r ✇✐❞❡❧②✳ ❈♦♥✜❣✉r❛t✐♦♥ s♣❡❝✐✜❝❛t✐♦♥s ❛r❡ ❤❡❧♣❢✉❧ ✐♥ ❞✐✛❡r❡♥t ✇❛②s✳ ❉♦ ♥♦t ❞❡s✐❣♥ ❛r♦✉♥❞ t♦♦❧s ❜✉t ❞❡s✐❣♥ t♦♦❧s ❛r♦✉♥❞ ②♦✉✳ ❖✉t❧♦♦❦✿ ●♦ ♠♦r❡ ✐♥✲❞❡♣t❤ ✐♥t♦ ❈▼ ❧❛♥❣✉❛❣❡s✱ ❝♦♥t❡①t✉❛❧✐③❡ ✇✐t❤ ♦✉r t♦♣✐❝s

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✺✵✴✺✵

slide-162
SLIDE 162

❘❡❢❡r❡♥❝❡s

❬✶❪ ❊r✐❝ ❆r♥♦❧❞ ❆♥❞❡rs♦♥✳ ❘❡s❡❛r❝❤✐♥❣ s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥✳ P❤❉ t❤❡s✐s✱ ❯♥✐✈❡rs✐t② ♦❢ ❈❛❧✐❢♦r♥✐❛ ❛t ❇❡r❦❡❧❡②✱ ✷✵✵✷✳ ❬✷❪ ❘♦❜ ❇❛rr❡tt✱ ❨❡♥✲❨❛♥❣ ▼✐❝❤❛❡❧ ❈❤❡♥✱ ❛♥❞ P❛✉❧ P✳ ▼❛❣❧✐♦✳ ❙②st❡♠ ❛❞♠✐♥✐str❛t♦rs ❛r❡ ✉s❡rs✱ t♦♦✿ ❉❡s✐❣♥✐♥❣ ✇♦r❦s♣❛❝❡s ❢♦r ♠❛♥❛❣✐♥❣ ✐♥t❡r♥❡t✲s❝❛❧❡ s②st❡♠s✳ ■♥ ❈❍■ ✬✵✸ ❊①t❡♥❞❡❞ ❆❜str❛❝ts ♦♥ ❍✉♠❛♥ ❋❛❝t♦rs ✐♥ ❈♦♠♣✉t✐♥❣ ❙②st❡♠s✱ ❈❍■ ❊❆ ✬✵✸✱ ♣❛❣❡s ✶✵✻✽✕✶✵✻✾✱ ◆❡✇ ❨♦r❦✱ ◆❨✱ ❯❙❆✱ ✷✵✵✸✳ ❆❈▼✳ ■❙❇◆ ✶✲✺✽✶✶✸✲✻✸✼✲✹✳ ❞♦✐✿ ✶✵✳✶✶✹✺✴✼✻✺✽✾✶✳✼✻✻✶✺✷✳ ❯❘▲ ❤tt♣✿✴✴❞①✳❞♦✐✳♦r❣✴✶✵✳✶✶✹✺✴✼✻✺✽✾✶✳✼✻✻✶✺✷✳ ❬✸❪ ❘♦❜ ❇❛rr❡tt✱ ❊s❡r ❑❛♥❞♦❣❛♥✱ P❛✉❧ P✳ ▼❛❣❧✐♦✱ ❊❜❡♥ ▼✳ ❍❛❜❡r✱ ▲❡✐❧❛ ❆✳ ❚❛❦❛②❛♠❛✱ ❛♥❞ ▼❛❞❤✉ Pr❛❜❛❦❡r✳ ❋✐❡❧❞ st✉❞✐❡s ♦❢ ❝♦♠♣✉t❡r s②st❡♠ ❛❞♠✐♥✐str❛t♦rs✿ ❛♥❛❧②s✐s ♦❢ s②st❡♠ ♠❛♥❛❣❡♠❡♥t t♦♦❧s ❛♥❞ ♣r❛❝t✐❝❡s✳ ■♥ Pr♦❝❡❡❞✐♥❣s ♦❢ t❤❡ ✷✵✵✹ ❆❈▼ ❝♦♥❢❡r❡♥❝❡ ♦♥ ❈♦♠♣✉t❡r s✉♣♣♦rt❡❞ ❝♦♦♣❡r❛t✐✈❡ ✇♦r❦✱ ♣❛❣❡s ✸✽✽✕✸✾✺✳ ❆❈▼✱ ✷✵✵✹✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✶✴✽

slide-163
SLIDE 163

❘❡❢❡r❡♥❝❡s

❬✹❪ P✳ ❏✳ ❇r♦✇♥✳ ❊rr♦r ♠❡ss❛❣❡s✿ ❚❤❡ ♥❡❣❧❡❝t❡❞ ❛r❡❛ ♦❢ t❤❡ ♠❛♥✴♠❛❝❤✐♥❡ ✐♥t❡r❢❛❝❡✳ ❈♦♠♠✉♥✳ ❆❈▼✱ ✷✻✭✹✮✿✷✹✻✕✷✹✾✱ ❆♣r✐❧ ✶✾✽✸✳ ■❙❙◆ ✵✵✵✶✲✵✼✽✷✳ ❞♦✐✿ ✶✵✳✶✶✹✺✴✷✶✻✸✳✸✺✽✵✽✸✳ ❯❘▲ ❤tt♣✿✴✴❞♦✐✳❛❝♠✳♦r❣✴✶✵✳✶✶✹✺✴✷✶✻✸✳✸✺✽✵✽✸✳ ❬✺❪ ▼❛r❦ ❇✉r❣❡ss✳ ❆ s✐t❡ ❝♦♥✜❣✉r❛t✐♦♥ ❡♥❣✐♥❡✳ ■♥ ❯❙❊◆■❳ ❈♦♠♣✉t✐♥❣ s②st❡♠s✱ ✈♦❧✉♠❡ ✽✱ ♣❛❣❡s ✸✵✾✕✸✸✼✱ ✶✾✾✺✳ ❬✻❪ ▼❛r❦ ❇✉r❣❡ss✳ ❖♥ t❤❡ t❤❡♦r② ♦❢ s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥✳ ❙❝✐❡♥❝❡ ♦❢ ❈♦♠♣✉t❡r Pr♦❣r❛♠♠✐♥❣✱ ✹✾✭✶✮✿✶✕✹✻✱ ✷✵✵✸✳ ■❙❙◆ ✵✶✻✼✲✻✹✷✸✳ ❞♦✐✿ ❤tt♣✿✴✴❞①✳❞♦✐✳♦r❣✴✶✵✳✶✵✶✻✴❥✳s❝✐❝♦✳✷✵✵✸✳✵✽✳✵✵✶✳ ❯❘▲ ❤tt♣✿✴✴✇✇✇✳s❝✐❡♥❝❡❞✐r❡❝t✳❝♦♠✴s❝✐❡♥❝❡✴❛rt✐❝❧❡✴♣✐✐✴ ❙✵✶✻✼✻✹✷✸✵✸✵✵✵✸✶✺✳ ❬✼❪ ▼❛r❦ ❇✉r❣❡ss ❛♥❞ ❆❧✈❛ ▲ ❈♦✉❝❤✳ ▼♦❞❡❧✐♥❣ ♥❡①t ❣❡♥❡r❛t✐♦♥ ❝♦♥✜❣✉r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t t♦♦❧s✳ ■♥ ▲■❙❆✱ ♣❛❣❡s ✶✸✶✕✶✹✼✱ ✷✵✵✻✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✷✴✽

slide-164
SLIDE 164

❘❡❢❡r❡♥❝❡s

❬✽❪ ▲✐♦♥❡❧ ❈♦♥s ❛♥❞ P✐♦tr P♦③♥❛♥s❦✐✳ P❛♥✿ ❆ ❤✐❣❤✲❧❡✈❡❧ ❝♦♥✜❣✉r❛t✐♦♥ ❧❛♥❣✉❛❣❡✳ ■♥ ▲■❙❆✱ ✈♦❧✉♠❡ ✷✱ ♣❛❣❡s ✽✸✕✾✽✱ ✷✵✵✷✳ ❯❘▲ ❤tt♣✿✴✴st❛t✐❝✳✉s❡♥✐①✳♦r❣✴❡✈❡♥ts✴❧✐s❛✵✷✴ t❡❝❤✴❢✉❧❧❴♣❛♣❡rs✴❝♦♥s✴❝♦♥s❴❤t♠❧✴✳ ❬✾❪ ❊❡❧❝♦ ❉♦❧str❛ ❛♥❞ ❆r♠✐❥♥ ❍❡♠❡❧✳ P✉r❡❧② ❢✉♥❝t✐♦♥❛❧ s②st❡♠ ❝♦♥✜❣✉r❛t✐♦♥ ♠❛♥❛❣❡♠❡♥t✳ ■♥ ❍♦t❖❙✱ ✷✵✵✼✳ ❬✶✵❪ ❆❧❡①❛♥❞❡r ❋❡❧❢❡r♥✐❣✱ ●❡r❤❛r❞ ❋r✐❡❞r✐❝❤✱ ❛♥❞ ❉✐❡t♠❛r ❏❛♥♥❛❝❤✳ ❑♥♦✇❧❡❞❣❡ ❛❝q✉✐s✐t✐♦♥ ❢♦r ❝♦♥✜❣✉r❛t✐♦♥ s②st❡♠s✿ ❯♠❧ ❛s ❛ ❧✐♥❦ ❜❡t✇❡❡♥ ❛✐ ❛♥❞ s♦❢t✇❛r❡ ❡♥❣✐♥❡❡r✐♥❣✳ ■♥ P✉❑✱ ✶✾✾✾✳ ❬✶✶❪ ❆❧❡①❛♥❞❡r ❋❡❧❢❡r♥✐❣✱ ●❡r❤❛r❞ ❊ ❋r✐❡❞r✐❝❤✱ ❛♥❞ ❉✐❡t♠❛r ❏❛♥♥❛❝❤✳ ❯♠❧ ❛s ❞♦♠❛✐♥ s♣❡❝✐✜❝ ❧❛♥❣✉❛❣❡ ❢♦r t❤❡ ❝♦♥str✉❝t✐♦♥ ♦❢ ❦♥♦✇❧❡❞❣❡✲❜❛s❡❞ ❝♦♥✜❣✉r❛t✐♦♥ s②st❡♠s✳ ■♥t❡r♥❛t✐♦♥❛❧ ❏♦✉r♥❛❧ ♦❢ ❙♦❢t✇❛r❡ ❊♥❣✐♥❡❡r✐♥❣ ❛♥❞ ❑♥♦✇❧❡❞❣❡ ❊♥❣✐♥❡❡r✐♥❣✱ ✶✵✭✵✹✮✿✹✹✾✕✹✻✾✱ ✷✵✵✵✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✸✴✽

slide-165
SLIDE 165

❘❡❢❡r❡♥❝❡s

❬✶✷❪ ❆❧❡①❛♥❞❡r ❋❡❧❢❡r♥✐❣✱ ●❡r❤❛r❞ ❋r✐❡❞r✐❝❤✱ ❉✐❡t♠❛r ❏❛♥♥❛❝❤✱ ▼❛r❦✉s ❙t✉♠♣t♥❡r✱ ❛♥❞ ▼ ❩❛♥❦❡r✳ ❆ ❥♦✐♥t ❢♦✉♥❞❛t✐♦♥ ❢♦r ❝♦♥✜❣✉r❛t✐♦♥ ✐♥ t❤❡ s❡♠❛♥t✐❝ ✇❡❜✳ ■♥ Pr♦❝✳ ♦❢ t❤❡ ❈♦♥✜❣✉r❛t✐♦♥ ❲♦r❦s❤♦♣ ♦♥ ✶✺t❤ ❊✉r♦♣❡❛♥ ❈♦♥❢❡r❡♥❝❡ ♦♥ ❆rt✐✜❝✐❛❧ ■♥t❡❧❧✐❣❡♥❝❡ ✭❊❈❆■✲✷✵✵✷✮✱ ♣❛❣❡s ✽✾✕✾✹✱ ✷✵✵✷✳ ❬✶✸❪ ❊❜❡♥ ▼✳ ❍❛❜❡r ❛♥❞ ❏♦❤♥ ❇❛✐❧❡②✳ ❉❡s✐❣♥ ❣✉✐❞❡❧✐♥❡s ❢♦r s②st❡♠ ❛❞♠✐♥✐str❛t✐♦♥ t♦♦❧s ❞❡✈❡❧♦♣❡❞ t❤r♦✉❣❤ ❡t❤♥♦❣r❛♣❤✐❝ ✜❡❧❞ st✉❞✐❡s✳ ■♥ Pr♦❝❡❡❞✐♥❣s ♦❢ t❤❡ ✷✵✵✼ ❙②♠♣♦s✐✉♠ ♦♥ ❈♦♠♣✉t❡r ❍✉♠❛♥ ■♥t❡r❛❝t✐♦♥ ❢♦r t❤❡ ▼❛♥❛❣❡♠❡♥t ♦❢ ■♥❢♦r♠❛t✐♦♥ ❚❡❝❤♥♦❧♦❣②✱ ❈❍■▼■❚ ✬✵✼✱ ◆❡✇ ❨♦r❦✱ ◆❨✱ ❯❙❆✱ ✷✵✵✼✳ ❆❈▼✳ ■❙❇◆ ✾✼✽✲✶✲✺✾✺✾✸✲✻✸✺✲✻✳ ❞♦✐✿ ✶✵✳✶✶✹✺✴✶✷✸✹✼✼✷✳✶✷✸✹✼✼✹✳ ❯❘▲ ❤tt♣✿✴✴❞①✳❞♦✐✳♦r❣✴✶✵✳✶✶✹✺✴✶✷✸✹✼✼✷✳✶✷✸✹✼✼✹✳ ❬✶✹❪ P❡♥❣ ❍✉❛♥❣✱ ❲✐❧❧✐❛♠ ❏✳ ❇♦❧♦s❦②✱ ❆❜❤✐s❤❡❦ ❙✐♥❣❤✱ ❛♥❞ ❨✉❛♥②✉❛♥ ❩❤♦✉✳ ❈♦♥❢❱❛❧❧❡②✿ ❛ s②st❡♠❛t✐❝ ❝♦♥✜❣✉r❛t✐♦♥ ✈❛❧✐❞❛t✐♦♥ ❢r❛♠❡✇♦r❦ ❢♦r ❝❧♦✉❞ s❡r✈✐❝❡s✳ ■♥ ❊✉r♦❙②s✱ ♣❛❣❡ ✶✾✱ ✷✵✶✺✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✹✴✽

slide-166
SLIDE 166

❘❡❢❡r❡♥❝❡s

❬✶✺❪ ❲❛❧❞❡♠❛r ❍✉♠♠❡r✱ ❋❧♦r✐❛♥ ❘♦s❡♥❜❡r❣✱ ❋á❜✐♦ ❖❧✐✈❡✐r❛✱ ❛♥❞ ❚❛♠❛r ❊✐❧❛♠✳ ❚❡st✐♥❣ ✐❞❡♠♣♦t❡♥❝❡ ❢♦r ✐♥❢r❛str✉❝t✉r❡ ❛s ❝♦❞❡✳ ■♥ ❉❛✈✐❞ ❊②❡rs ❛♥❞ ❑❛rst❡♥ ❙❝❤✇❛♥✱ ❡❞✐t♦rs✱ ▼✐❞❞❧❡✇❛r❡ ✷✵✶✸✱ ♣❛❣❡s ✸✻✽✕✸✽✽✱ ❇❡r❧✐♥✱ ❍❡✐❞❡❧❜❡r❣✱ ✷✵✶✸✳ ❙♣r✐♥❣❡r ❇❡r❧✐♥ ❍❡✐❞❡❧❜❡r❣✳ ■❙❇◆ ✾✼✽✲✸✲✻✹✷✲✹✺✵✻✺✲✺✳ ❬✶✻❪ ▼✐❝❤❛❡❧ ❏✳ ▲❡❡ ❛♥❞ ❆♥❞r❡✇ ❏✳ ❑♦✳ P❡rs♦♥✐❢②✐♥❣ ♣r♦❣r❛♠♠✐♥❣ t♦♦❧ ❢❡❡❞❜❛❝❦ ✐♠♣r♦✈❡s ♥♦✈✐❝❡ ♣r♦❣r❛♠♠❡rs✬ ❧❡❛r♥✐♥❣✳ ■♥ Pr♦❝❡❡❞✐♥❣s ♦❢ t❤❡ ❙❡✈❡♥t❤ ■♥t❡r♥❛t✐♦♥❛❧ ❲♦r❦s❤♦♣ ♦♥ ❈♦♠♣✉t✐♥❣ ❊❞✉❝❛t✐♦♥ ❘❡s❡❛r❝❤✱ ■❈❊❘ ✬✶✶✱ ♣❛❣❡s ✶✵✾✕✶✶✻✱ ◆❡✇ ❨♦r❦✱ ◆❨✱ ❯❙❆✱ ✷✵✶✶✳ ❆❈▼✳ ■❙❇◆ ✾✼✽✲✶✲✹✺✵✸✲✵✽✷✾✲✽✳ ❞♦✐✿ ✶✵✳✶✶✹✺✴✷✵✶✻✾✶✶✳✷✵✶✻✾✸✹✳ ❯❘▲ ❤tt♣✿✴✴❞①✳❞♦✐✳♦r❣✴✶✵✳✶✶✹✺✴✷✵✶✻✾✶✶✳✷✵✶✻✾✸✹✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✺✴✽

slide-167
SLIDE 167

❘❡❢❡r❡♥❝❡s

❬✶✼❪ ●✉✐❧❧❛✉♠❡ ▼❛r❝❡❛✉✱ ❑❛t❤✐ ❋✐s❧❡r✱ ❛♥❞ ❙❤r✐r❛♠ ❑r✐s❤♥❛♠✉rt❤✐✳ ▼✐♥❞ ②♦✉r ❧❛♥❣✉❛❣❡✿ ❖♥ ♥♦✈✐❝❡s✬ ✐♥t❡r❛❝t✐♦♥s ✇✐t❤ ❡rr♦r ♠❡ss❛❣❡s✳ ■♥ Pr♦❝❡❡❞✐♥❣s ♦❢ t❤❡ ✶✵t❤ ❙■●P▲❆◆ ❙②♠♣♦s✐✉♠ ♦♥ ◆❡✇ ■❞❡❛s✱ ◆❡✇ P❛r❛❞✐❣♠s✱ ❛♥❞ ❘❡✢❡❝t✐♦♥s ♦♥ Pr♦❣r❛♠♠✐♥❣ ❛♥❞ ❙♦❢t✇❛r❡✱ ❖♥✇❛r❞✦ ✷✵✶✶✱ ♣❛❣❡s ✸✕✶✽✱ ◆❡✇ ❨♦r❦✱ ◆❨✱ ❯❙❆✱ ✷✵✶✶✳ ❆❈▼✳ ■❙❇◆ ✾✼✽✲✶✲✹✺✵✸✲✵✾✹✶✲✼✳ ❞♦✐✿ ✶✵✳✶✶✹✺✴✷✵✹✽✷✸✼✳✷✵✹✽✷✹✶✳ ❯❘▲ ❤tt♣✿✴✴❞♦✐✳❛❝♠✳♦r❣✴✶✵✳✶✶✹✺✴✷✵✹✽✷✸✼✳✷✵✹✽✷✹✶✳ ❬✶✽❪ ❙✉❞❤✐r P❛♥❞❡②✳ ■♥✈❡st✐❣❛t✐♥❣ ❝♦♠♠✉♥✐t②✱ r❡❧✐❛❜✐❧✐t② ❛♥❞ ✉s❛❜✐❧✐t② ♦❢ ❝❢❡♥❣✐♥❡✱ ❝❤❡❢ ❛♥❞ ♣✉♣♣❡t✱ ✷✵✶✷✳ ❯❘▲ ❤tt♣✿✴✴s❝❤♦❧❛r✳❣♦♦❣❧❡✳❝♦♠✴❤tt♣s✿ ✴✴✇✇✇✳❞✉♦✳✉✐♦✳♥♦✴❤❛♥❞❧❡✴✶✵✽✺✷✴✾✵✽✸✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✻✴✽

slide-168
SLIDE 168

❘❡❢❡r❡♥❝❡s

❬✶✾❪ ▼❛r❦✉s ❘❛❛❜ ❛♥❞ ●❡r❣ö ❇❛r❛♥②✳ ■♥tr♦❞✉❝✐♥❣ ❝♦♥t❡①t ❛✇❛r❡♥❡ss ✐♥ ✉♥♠♦❞✐✜❡❞✱ ❝♦♥t❡①t✲✉♥❛✇❛r❡ s♦❢t✇❛r❡✳ ■♥ Pr♦❝❡❡❞✐♥❣s ♦❢ t❤❡ ✶✷t❤ ■♥t❡r♥❛t✐♦♥❛❧ ❈♦♥❢❡r❡♥❝❡ ♦♥ ❊✈❛❧✉❛t✐♦♥ ♦❢ ◆♦✈❡❧ ❆♣♣r♦❛❝❤❡s t♦ ❙♦❢t✇❛r❡ ❊♥❣✐♥❡❡r✐♥❣ ✲ ❱♦❧✉♠❡ ✶✿ ❊◆❆❙❊✱✱ ♣❛❣❡s ✷✶✽✕✷✷✺✳ ■◆❙❚■❈❈✱ ❙❝✐t❡Pr❡ss✱ ✷✵✶✼✳ ■❙❇◆ ✾✼✽✲✾✽✾✲✼✺✽✲✷✺✵✲✾✳ ❞♦✐✿ ✶✵✳✺✷✷✵✴✵✵✵✻✸✷✻✻✵✷✶✽✵✷✷✺✳ ❬✷✵❪ ❏érô♠❡ ❙✐♠é♦♥ ❛♥❞ P❤✐❧✐♣ ❲❛❞❧❡r✳ ❚❤❡ ❡ss❡♥❝❡ ♦❢ ①♠❧✳ ♣❛❣❡s ✶✕✶✸✱ ✷✵✵✸✳ ❞♦✐✿ ✶✵✳✶✶✹✺✴✻✵✹✶✸✶✳✻✵✹✶✸✷✳ ❯❘▲ ❤tt♣✿✴✴❞①✳❞♦✐✳♦r❣✴✶✵✳✶✶✹✺✴✻✵✹✶✸✶✳✻✵✹✶✸✷✳ ❬✷✶❪ ❊✐r✐❦ ❚r②❣❣❡s❡t❤✱ ❇❥ør♥ ●✉❧❧❛✱ ❛♥❞ ❘❡✐❞❛r ❈♦♥r❛❞✐✳ ▼♦❞❡❧❧✐♥❣ s②st❡♠s ✇✐t❤ ✈❛r✐❛❜✐❧✐t② ✉s✐♥❣ t❤❡ ♣r♦t❡✉s ❝♦♥✜❣✉r❛t✐♦♥ ❧❛♥❣✉❛❣❡✳ ■♥ ❙♦❢t✇❛r❡ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t✱ ♣❛❣❡s ✷✶✻✕✷✹✵✳ ❙♣r✐♥❣❡r✱ ✶✾✾✺✳ ❯❘▲ ❤tt♣✿✴✴❧✐♥❦✳s♣r✐♥❣❡r✳❝♦♠✴ ❝❤❛♣t❡r✴✶✵✳✶✵✵✼✴✸✲✺✹✵✲✻✵✺✼✽✲✾❴✷✵✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✼✴✽

slide-169
SLIDE 169

❘❡❢❡r❡♥❝❡s

❬✷✷❪ ❏♦❤♥ ❲r❡♥♥ ❛♥❞ ❙❤r✐r❛♠ ❑r✐s❤♥❛♠✉rt❤✐✳ ❊rr♦r ♠❡ss❛❣❡s ❛r❡ ❝❧❛ss✐✜❡rs✿ ❆ ♣r♦❝❡ss t♦ ❞❡s✐❣♥ ❛♥❞ ❡✈❛❧✉❛t❡ ❡rr♦r ♠❡ss❛❣❡s✳ ■♥ Pr♦❝❡❡❞✐♥❣s ♦❢ t❤❡ ✷✵✶✼ ❆❈▼ ❙■●P▲❆◆ ■♥t❡r♥❛t✐♦♥❛❧ ❙②♠♣♦s✐✉♠ ♦♥ ◆❡✇ ■❞❡❛s✱ ◆❡✇ P❛r❛❞✐❣♠s✱ ❛♥❞ ❘❡✢❡❝t✐♦♥s ♦♥ Pr♦❣r❛♠♠✐♥❣ ❛♥❞ ❙♦❢t✇❛r❡✱ ❖♥✇❛r❞✦ ✷✵✶✼✱ ♣❛❣❡s ✶✸✹✕✶✹✼✱ ◆❡✇ ❨♦r❦✱ ◆❨✱ ❯❙❆✱ ✷✵✶✼✳ ❆❈▼✳ ■❙❇◆ ✾✼✽✲✶✲✹✺✵✸✲✺✺✸✵✲✽✳ ❞♦✐✿ ✶✵✳✶✶✹✺✴✸✶✸✸✽✺✵✳✸✶✸✸✽✻✷✳ ❯❘▲ ❤tt♣✿✴✴❞♦✐✳❛❝♠✳♦r❣✴✶✵✳✶✶✹✺✴✸✶✸✸✽✺✵✳✸✶✸✸✽✻✷✳ ❬✷✸❪ ❙❛✐ ❩❤❛♥❣ ❛♥❞ ▼✐❝❤❛❡❧ ❉✳ ❊r♥st✳ Pr♦❛❝t✐✈❡ ❞❡t❡❝t✐♦♥ ♦❢ ✐♥❛❞❡q✉❛t❡ ❞✐❛❣♥♦st✐❝ ♠❡ss❛❣❡s ❢♦r s♦❢t✇❛r❡ ❝♦♥✜❣✉r❛t✐♦♥ ❡rr♦rs✳ ■♥ Pr♦❝❡❡❞✐♥❣s ♦❢ t❤❡ ✷✵✶✺ ■♥t❡r♥❛t✐♦♥❛❧ ❙②♠♣♦s✐✉♠ ♦♥ ❙♦❢t✇❛r❡ ❚❡st✐♥❣ ❛♥❞ ❆♥❛❧②s✐s✱ ■❙❙❚❆ ✷✵✶✺✱ ♣❛❣❡s ✶✷✕✷✸✱ ◆❡✇ ❨♦r❦✱ ◆❨✱ ❯❙❆✱ ✷✵✶✺✳ ❆❈▼✳ ■❙❇◆ ✾✼✽✲✶✲✹✺✵✸✲✸✻✷✵✲✽✳ ❞♦✐✿ ✶✵✳✶✶✹✺✴✷✼✼✶✼✽✸✳✷✼✼✶✽✶✼✳ ❯❘▲ ❤tt♣✿✴✴❞①✳❞♦✐✳♦r❣✴✶✵✳✶✶✹✺✴✷✼✼✶✼✽✸✳✷✼✼✶✽✶✼✳

▼❛r❦✉s ❘❛❛❜ ❈♦♥✜❣✉r❛t✐♦♥ ▼❛♥❛❣❡♠❡♥t ✽✴✽