=ꢁꢂꢃꢄꢅꢆ=ꢁꢅꢃꢄꢅ
(QKDQFHGꢀ6HULDOꢀ&RPPXQLFDWLRQVꢀ&RQWUROOHU
ꢏ
3LQꢀ'HVFULSWLRQVꢀ([FOXVLYHꢀWRꢀWKHꢀ=ꢁꢅꢃꢄꢅ
$'ꢏ±$'ꢅꢈꢀ$GGUHVVꢆ'DWDꢀ%XVꢀꢋ%LGLUHFWLRQDOꢊꢀ$FWLYHꢀ+LJKꢊꢀWULVWDWHꢌꢈꢀ7KHVHꢀPXOWLꢈ
SOH[HGꢀOLQHVꢀFDUU\ꢀUHJLVWHUꢀDGGUHVVHVꢀWRꢀWKHꢀ=ꢌꢋꢃꢂꢋꢀDVꢀZHOOꢀDVꢀGDWDꢀRUꢀFRQWUROꢀ
LQIRUPDWLRQꢀWRꢀDQGꢀIURPꢀWKHꢀ=ꢌꢋꢃꢂꢋꢍ
5ꢆ:ꢈꢀ5HDGꢆ:ULWHꢀꢋ,QSXWꢊꢀ5HDGꢀ$FWLYHꢀ+LJKꢌꢈꢀ7KLVꢀSLQꢀVSHFLILHVꢀLIꢀWKHꢀRSHUDWLRQꢀWRꢀEHꢀ
SHUIRUPHGꢀLVꢀDꢀUHDGꢀRUꢀZULWHꢀRSHUDWLRQꢍ
&6ꢅꢈꢀ&KLSꢀ6HOHFWꢀꢅꢀꢋ,QSXWꢊꢀ$FWLYHꢀ/RZꢌꢈꢀ7KLVꢀSLQꢀLVꢀODWFKHGꢀFRQFXUUHQWO\ꢀZLWKꢀWKHꢀ
DGGUHVVHVꢀRQꢀ$ꢑꢈ$ꢋꢀDQGꢀPXVWꢀEHꢀ/RZꢀIRUꢀWKHꢀLQWHQGHGꢀEXVꢀWUDQVDFWLRQꢀWRꢀRFFXUꢍ
&6ꢇꢈꢀ&KLSꢀ6HOHFWꢀꢇꢀꢋ,QSXWꢊꢀ$FWLYHꢀ+LJKꢌꢈꢀ7KLVꢀVHFRQGꢀVHOHFWꢀSLQꢀPXVWꢀEHꢀ+LJKꢀ
EHIRUHꢀWKHꢀLQWHQGHGꢀEXVꢀWUDQVDFWLRQꢀFDQꢀRFFXUꢍꢀ&6ꢆꢀPXVWꢀUHPDLQꢀ+LJKꢀWKURXJKRXWꢀ
WKHꢀWUDQVDFWLRQꢍ
'6ꢈꢀ'DWDꢀ6WUREHꢀꢋ,QSXWꢊꢀ$FWLYHꢀ/RZꢌꢈꢀ7KLVꢀSLQꢀSURYLGHVꢀWLPLQJꢀIRUꢀWKHꢀWUDQVIHUꢀRIꢀ
GDWDꢀLQWRꢀDQGꢀRXWꢀRIꢀWKHꢀ=ꢌꢋꢃꢂꢋꢍꢀ,Iꢀ$6ꢀDQGꢀ'6ꢀDUHꢀERWKꢀ/RZꢄꢀWKLVꢀFRQGLWLRQꢀLVꢀLQWHUꢈ
SUHWHGꢀDVꢀDꢀUHVHWꢍ
$6ꢈꢀ$GGUHVVꢀ6WUREHꢀꢋ,QSXWꢊꢀ$FWLYHꢀ/RZꢌꢈꢀ$GGUHVVHVꢀRQꢀ$ꢑꢈ$ꢋꢀDUHꢀODWFKHGꢀE\ꢀWKHꢀ
ULVLQJꢀHGJHꢀRIꢀWKLVꢀVLJQDOꢍ
)XQFWLRQDOꢀ'HVFULSWLRQ
7KHꢀDUFKLWHFWXUHꢀRIꢀWKHꢀ(6&&ꢀLVꢀGHVFULEHGꢀIURPꢀWZRꢀSRLQWVꢀRIꢀYLHZꢊ
'DWDꢀFRPPXQLFDWLRQVꢀGHYLFHꢀZKLFKꢀWUDQVPLWVꢀDQGꢀUHFHLYHVꢀGDWDꢀLQꢀDꢀZLGHꢀ
YDULHW\ꢀRIꢀSURWRFROV
0LFURSURFHVVRUꢀSHULSKHUDOꢀLQꢀZKLFKꢀWKHꢀ(6&&ꢀRIIHUVꢀYDOXDEOHꢀIHDWXUHVꢀVXFKꢀDVꢀ
YHFWRUHGꢀLQWHUUXSWVꢀDQGꢀ'0$ꢀVXSSRUW
7KHꢀ(6&&ꢀSHULSKHUDOꢀDQGꢀGDWDꢀFRPPXQLFDWLRQꢀIXQFWLRQVꢀDUHꢀGHVFULEHGꢀLQꢀWKHꢀIROꢈ
ORZLQJꢀVHFWLRQVꢍꢀ7KHꢀGHWDLOVꢀRIꢀWKHꢀFRPPXQLFDWLRQVꢀEHWZHHQꢀWKHꢀUHFHLYHꢀDQGꢀ
WUDQVPLWꢀORJLFꢀWRꢀWKHꢀV\VWHPꢀEXVꢀDUHꢀLOOXVWUDWHGꢀLQꢀ)LJXUHꢀꢁꢀDQGꢀ)LJXUHꢀꢇꢍꢀ7KHꢀIHDꢈ
WXUHVꢀDQGꢀGDWDꢀSDWKꢀIRUꢀHDFKꢀRIꢀWKHꢀ(6&&ꢀ$ꢀDQGꢀ%ꢀFKDQQHOVꢀDUHꢀLGHQWLFDOꢍꢀ5HIHUꢀWRꢀ
WKHꢀ6&&ꢎ(6&&ꢀDQGꢀ,6&&ꢀ)DPLO\ꢀRIꢀ3URGXFWVꢀ8VHU¶Vꢀ0DQXDOꢀIRUꢀIXOOꢀGHWDLOVꢀRQꢀ
XVLQJꢀWKHꢀ(6&&ꢍ
36ꢋꢋꢁꢂꢋꢃꢈꢆꢆꢋꢃ
)XQFWLRQDOꢀ'HVFULSWLRQ