You are on page 1of 24

   !"$#%&(')*+,-.

/
1023546378'9:;=< >.@?A-.. /+/&&BCD+
EGFHJILKNM6O PRQDSUTWVXVYT[ZXS]\^F
_;`;a;bdce-f:gNhRei_jflkJaJm
QDTWnRK5ZlVYIoT[pVqH5rtsjHJIunvVYTWZw;\[S]TWpd\[T
x Z:TWyJHJpzw;VYKNVYT,{ pSU|JTWZ:MXSUV}
sjHJZX|NK5~U~]S]MW x€ƒ‚„NJ†
QDT[\[TWIA‡T[Z Jˆ  †‰‚J‚„
6Š ‹ŒXlŽ^i%
‘’”“–•t—”˜%—N™Xš>š›™Xœ‰“™Xž• ŸNœ%™G˜¡—i—”š›¢Y£¤“–¥1˜¡¦›™j•§¦=˜^¦›“¨•©¦›“¨ªl˜¡«¦B™X•©¦B•t¬­¢Wšt®i™ ¦›™Xš›¥1“–¯i“–¯i°Dž’i™ ¦B’i™lš>¢W¯i™1«™:˜¡šB¯i“¯”° ˜¡«±
°W¢%šB“²¦B’i¥¢%³¤¦›±]—5™lš›¬­¢%šB¥G• ˜%¯i¢¡¦B’i™lš¢%¯´˜q—N˜¡š›¦›“¨ª ³i«¨˜¡š«™:˜¡šB¯i“¯”°G¦B˜W•©µJ¶‘’”™X•›™>¦›™:•§¦=•˜%š›™jª ¢%¥1—”˜%š›™:®™ £¤—N™Xš›“±
¥1™l£¤™X“–•©¯W¦B¦=• ˜¡«–º»«¦§·6·‰¦›—N¢q™6®¤¼-™l™X¦›™Xš›šBš›¢%¥1š“–½¯i¶™>‘¦›’”ž"™l¢,“–šž—i“–šB®¤¢%™X¸”«·[˜%±¾¸i³”“«–•›“™X¦§®A·q¢¡•§¦=¬d˜^“¦B¯N“–ª•©¦›¢%“¨šBªlšB˜%™X«¿ª¦B¦›«™:· •§¦=®¤•*™ ¦B˜¡™XšBª™q¦B“•›¯”’i°6¢^ž˜1¯A®¤“²¦›¹J¢™lšB’”™l˜Y¯NœWª ™G™*’iž“–°%’i’À™X¯D—i¯išB¢%¢q¸”®¤˜%“¸i¹5“–™X«“š›¦§™X·,¯”ª¢%™ ¬
‘"·‰—N™¼™lšBšB¢%š“–¯2ªl™lš›¦B˜¡“–¯,•›“²¦B³”˜^¦B“¢W¯”• ˜%¯”®,•›’i¢W³i«–®´¯i™lœW™lš ¸5™j³”•©™:®¶t‘’i™X•›™*¦B™X•©¦B•-˜¡šB™ ºÁ˜[½˜q¦›™X•©¦-¬­¢%š¦B’i™
®i“²¹J™lšB™l¯”ªl™¢%¬¦§ž3¢&—išB¢%—5¢%š›¦›“–¢%¯”•3˜¡¯N®,º­¸5½˜—”˜¡“–šB™X®‰±Â®¤“¹5™Xš›™X¯”ª ™:•ÃR¦B™X•©¦3¸N˜%•›™X®G¢W¯q¦B˜%µ‰“¯i°1•›™lœ%™XšB˜%«”š=˜¡¯”®i¢%¥
¦BšB˜%“¯JÄ:¦›™:•§¦t•©—”«“¦B•X¶>ÅƦB’i“š=®D¦B™X•©¦Xǘq—N˜¡“–š›™:®‰±¾®i“²¹J™lšB™l¯”ªl™X• æ›™:•§¦t¸”˜%•›™X®´¢%¯ È:É^±]¬­¢%«¨®ª šB¢W•B•§±¾œ^˜¡«–“–®i˜¡¦›“–¢%¯ÇN™ £‰±
¦B’”¢´“¸i’”“¦B˜Y•-œW•›™G¢%«¥1¢^ž)™lž‘’”·‰˜¡¦—5™G™l«–™l¼tœ^™l˜^šB¦Bš›™X¢W®DšX¶—išB‘¢%’i¸N™1˜¡¸iŸi“–¬»«“¦›¦§’ ·q¦›¢%™X¬R•©¦&‘"·‰“¨•&—N™&˜D¼3¯i™X™Xž9š›šB¢%¦›š:™X¶"•©¦XÅÊÇ¿Î^¬­¢%£i³iÏ%š›ª ¦›œJ’DÇ;¦B¸N™X˜%•©•›¦X™XÇN®ÐË,¢%ªl¯oÌ™XÎ¥G“¦›˜¡™Xš:šBÍ ˜¡•¦›¦B“–™X¢%•©¯”¦X•>Ç5“–¢%•¬•©Ï^’”±U¢^¬­¢Wž«–®¯
ªlš›¢[•›•©±¾œY˜%«“¨®i˜¡¦›“–¢%¯¶3ÑR£¤—N™Xš›“–¥1™l¯[¦B••©’”¢^žÒ¦B’”˜^¦¦B’i“¨•¦B™X•©¦˜¡«¨•©¢G’N˜%• ˜Wªlªl™l—¤¦=˜¡¸i«–™*‘·‰—5™*¼™lšBšB¢%š:¶"‘’i™*—N˜¡—5™lš
¦B˜%™X«–•›•©¢¦B•X¶j¥1‘™X˜W’”•©™1³išBªl™Xš›•-¢[•›¦B•©’i±¾™6œY˜%—5«“¨¢^®iž3˜¡™l¦›™Xšq®´ºÁ˜%øi¦›“–™:«“•§¦§¦>·,“¨¦B•-¢´¦›’i®¤™1™ ¦B¥1™Xª ¢W¦j•©¦>˜¡«–—N°%¢W¢^ž3š›“¦›™l’”š›¬­¥Ó³i«]¶®¤“‘¹5™X’iš›™q™X¯”Î^ª£i™:Ï%•*ª œDž’i¦B™X™X•©¯A¦t¦›“¨•>’i™X•›·Ð’i¢^®¤ž¢¯´™l¦B£¤¢“–•©¦=¸5½t™G¢%•©¬«–“–¦›°%’i’[™:¦›•©«–· ™
¥1¢Wš›™ —N¢^ž3™lš›¬­³i«¿¦B’”˜¡¯uË´ªlÌ ™l¥G˜¡š:Í •&¦›™:•§¦:¶Ð‘’”™ ª=’i¢W“–ªl™q¢¡¬¦B’i™ ¸5™X•©¦&¦B™X•©¦j“¨•j®¤™ ¦B™lšB¥j“–¯i™:®À¸‰·2¦B’i™ ªl¢%¥j±
—”³¤¦B˜¡¦›“–¢%¯”˜%«"ª ¢[•§¦*¢%¬š›³i¯”¯i“¯”°D¦›’i™ «™:˜¡šB¯i“¯”°D˜%«°W¢%šB“²¦B’i¥D¶Ԕ¢%š&˜%«°W¢%šB“²¦B’i¥G•t¦›’N˜^¦ªX˜¡¯A¸N™6™ £¤™Xªl³¤¦›™:®A¢%¯i«–·
¢W¯”ª ™WÇË´ªXÌ™X¥1˜%šXÍ •t¦B™X•©¦*“–•t¦B’i™G¢%¯”«·,¦›™X•©¦*ž“¦›’ ˜%ªXª ™X—¤¦B˜%¸i«™G‘"·‰—N™G¼-™lšBš›¢WšX¶qԔ¢%š*˜%«°W¢%šB“²¦B’i¥G•-¦›’”˜¡¦&ªl˜¡¯
¸5¸5™t™XªX™ ˜¡£¤³”™X•›ªl™t³¤“²¦›¦ ™:®q®i“¦BšB™l™X¯ª ¦›¦›«–·6“–¥1¥1™X•X™Xlj˜W¦›•©’i³i™*šB™XÎY•3£”œ^Ï%˜¡ª šBœj“¨˜^¦›¦›™:“–¢%•§¦¯D“¨®¤•"³išB™-™Xªl¦B¢%¢1¥1¦›¥1’i™*™l¯”ª=®i’i™X¢W®“–ªlǤ™t¸5¢¡™X¬;ªX˜¡¦BšB³”˜%•›“™¯”““¦¯i°G“–••›•›™ «¦:“–°%¶ ’[¦B«·G¥1¢%šB™-—N¢^ž3™lš›¬­³i«˜¡¯”®

Õ
   

 !"#%$'&(*)+,.-+/1023*$'!+&4!"//5,.6.#*!"67-8-+9:0 !+#;6.(<,7!";6.(=>!+,7=+-+670??9@-+A#*,.!+67B5#*!"67-8


!+ CD*$0 !+3EGFIH( 6.-8J!"6. 9@-+JKL6.#;M !"6. 6N#*!+, 02*(-D&J!" (*&(&%OQPR(/1H(/S-8 '-+96.T/1!"/S*R6.
 - 6.3)+ 67=8!"  -8U-+9V( F3H(67-8*$(&(02-81  !" U!"JXW(6. 6.=!"6. 6.#*!+, 02*-I&J!" 6.!+&(FIH!" 
9@-+ 6.UFIH( 67-8%$%!+&</-+/S-8 2!A*KY !"6. 6.#*!+,Q   !"Z(-[KLU!+#*#X*/1!"\1,7?/S*9@-+0 !+1#X6N<6.676.!+,
XWD/*;6.023*O
PV-<H&(*!+&](MFIH( 67-8^!+6.&>6N_6NZ/1!"/S*$`676.a(,7/9bH,c -d#X-816.&(*!!eWI-8(-80:E_-+9(
Õ
&6gfS*3hCD6.&1Q-+9V!"6. 6.#*!+,SFIH( 67-8T!"J!"6N '6Ni0 !+#;6.(,7!"16.(=(O`jk67=8H( =86.)+J!:!eWD-8(-80:Ei-+9
6.!"6. 6.#*!+,%FIH( 6.-8*O
lm*hH`\S*=86.?!"c(R-3-+Q-+9S( *+OQPR(nB5 c6.H(JKTL0:H1 c#X-86N&(*c6.`K(*(*cKTL!"' H&(ED6.(=
-8,7Ed!A6N(=8,7 !"//1,N6.#*!"67-8<&(-80 !+6Nd-+ZKL(** Khi!"i H1&(EI6N(=M0:H,.67/1,7&(-80 !+6.1*O ]02-8 Z!"/1/1,.67&
 !";# $(*a6.L!i6.(=8,7 &-80 !+6.A-+9Q6No **$!+&p-8H(L=+-8!+,6.L -?B51&M(Z\S #*,.!+6gB5*L-+LZ\S 
,7!"16.(=?!+,7=+-+;670q -r!"/1/1,7EA6.p!"U&(-80 !+6. O'sL-tKh*)+*[$m!?9bH&1!+02o!+,V=+-8!+,k-+9Q!"#<6.u0 !+#16.(
,7!"16.(= 6.` -:B5&2,.!"6.(= !+,.=+-+670 c!"cKT-+CKT,.,-t)+*T!ZKL6.&(J!+=+L-+9%!"//1,N6.#*!"67-8 &(-80?!+6.*Ov<
KL6.,N,5*H(r - 6NJ6.H(U\S,7-tK wD9x-+( 02-8023*$1,7*HJ#X-86.&*R( 6.=8,7Xyz&(-80 !+6.r#*!+ +O
v4676.M!i6.(=8,. &(-80 !+6. $(*Z!":zKT-i&6gfS*3R *-+9kFIH( 6.-8R&(*/S&6N(=-8AKL(**RKha!"
!+!+,7EI{6.(=i#*,.!+6gB5*J-+!+,7=+-+670?*OJ|}#*,.!+6gB5*6.! 9bH#X67-8p!"*$5=86.)+u!+6.(/1HJXWD!+02/5,7+$5!+67=8
!"RXW(!+02/1,.U - -8( -+9k~#*,.!+ *Oh|€,7!";6.(=2!+,7=+-+6.06.J!29bH#X6.-8r!"*$=867)+A!? *R-+9XWD!+02/5,7
!+&^(67a#*,.!+ *$Q#X-81  H#Xa!u#*,N!+6gB1*M‚>!p/5!"6.#*H,.!":!"//1,.6.#*!"6.-8_ * 6.=($`-8H(Z/;6.0 !"Ed=+-8!+,n6.
HH1!+,.,7E> -^B&ƒ(\S i#*,N!+6gB1*G!+&„ 6.0 !" d67G!+#*#*H(!+#XE-8 9bH(H(uXWD!+0 /1,7*O†j(-+rXWD!+0 /1,7+$
H(/1/-8 Kh!"aKh-+CI6.=?9@-+'!G02&6.#*!+,6. H023!"67-8p#X-80 /1!+oEu!+&pKTaKL6.p -G0 !+IH(9b!+#XH(!+&
 ,.,(!+?6.  H102ok9@-+c#*,.!+679xED6.(='\1,7-I-D&2#X,.,.*Ok|nQ(R6N02JKhR!"L&(67=816.(=(R6. H023*$+Kh#X-8H,.&
=8!"(*!?,.!"=+:#X-8,.,7#X6.-8A-+9`\1,7-I-D&A#X,.,.!+&p![)+a!i3H10 !+MXWD/*#*,.!+679xEG!+#d#X,.,‡OTv<#X-8H,.&A(
!"//1,.E]!,.!"6.(=!+,7=+-+6710ˆ -</1-I&1H#Xi!d#*,.!+6gB1*a9x-8016.:*a-+9'#*,.!+67B1&^#X,N,.*O]PR(r#*,.!+6gB1*
KT-8H,.&\Sa6.0 /1,7023 &d6.(26.  H102o!+&d -8,.&%O v< Kn!+oU-8H(U6.1  H023' -A#X-8o!+6.d 02-8 
!+#*#*H(!" a#*,.!+67B1*JKh:#*!+rB5& O
PR*U!"U -802 !"//1,N6.#*!"67-8*$D(-tKh*)+*$1KL(*'Kh 0aH J ,.#XTU\T,7!";6.(=!+,7=+-+6710‰;!"(*
!+_B5&6N(=r(?\S a#*,.!+6gB5*OMj(-+XWD!+02/5,7+$H(//S-8  KT?Kn!+oa -d ,.,Q!+^,7#X -86N#?0 !+6.,h ED  0
!"a,7!"U -u#X-+=867{*G!+&<B,7 *nŠH(Cd0 !+6.,‹Oiv„(*)+*:(GH * #X67)+:!+^0 !+6.,c02!"=+i!"
(*E<#X-86N&(*nŠH(Cd0 !+6.,‹$%*E<KL6.,.,VŒ5!"=A1!":02!"=++Or*6.-I&6N#*!+,.,7E+$m!A,.!"6.(=A!+,.=+-+670Ž6N#*,.H&(&
6.M /-+=+!+0KL6.,.,S!+!+,7EI{*ZZ!+#*#*H0aH,.!" &AXW(!+02/1,.J-+95Š HCG!+&p(-8DygŠH(C?0?!+6.,%!+&uH(/ &!"  67
B5,7 *;6.(=H,7OQUH(Š-+\u6.n -i&(* *;0 6.(KL6N#M,7!"16.(=2!+,7=+-+6710 -?6.#*,.H1&(U6.r(U/-+=+;!+0MO
PR (XWI:,7*)+,`-+9n(2!eWD-8(-80ZE]&16. 6.(=8H16.(\S*zKT*]zKT-p9bH&1!+02o!+,k!+CI*‘: 6.0 !"6N(=A!+#’y
#*H(!+#XEM!+&p#(-I-86.(=2\S*“Kh*u#*,.!+6gB5* ”@-+!+,7=+-+;670 ;•;O`v4(MKTZ0 !"C+*R-8H(R\1,.-3-D&M#X,., &6.!"=8-86.
 ED  0M$kKTiKT-8H,.&],N67C+? -0 !"C+M!p#*,.!+6.0ˆ!"\S-8H(:67:!+#*#*H(!+#XE+OsL-tK#*!+^KTG02!+H(?16.Z!+#*#*H(;!+#XE(–
|'&A-+9Q#X-8H(; +$5K(AKTa&67=8A: ED  0M$Kh:KT!+3' -G#;(-3-8:(:\S #*,.!+6gB1*R9@-80— -802a *-+9
!)"!+6.,.!"\5,7 #*,.!+67B1**O
PRi,7-tKh 2,7*)+,h-+9R(G!eWD-8(-80ZE>#X-8#X*a(G!+02-8H3:-+9&!"!d!)"!+6.,.!"\1,7+Ou“9JKTr!)+M!,.!"=+
!+02-8H3Z-+9J&!"!D$k(_KhG#*!+^*: -802i-+9J67Z!+6.&  -u *)+i!+a!A  a *Z9@-+Z*)"!+,.H!"6.=p#*,.!+67B1**O
˜H#™6N02/1,7*a !"6. 6.#*!+,J0 *(-I&1a#*!+š\SM!"//1,N67&_6.>6Na#*!++O^s-[KT*)+*$T6N>0 -8 267H!"67-81*$`(
!+02-8H3 -+9J&!"!A6N ,.6.0 6. &!+1&<Khi(*&< -pH?!+,.,k-+9J67 !+Z6N(/1H(' -p-8H(:,7!"6.=r!+,.=+-+670 O PR6.
02!+k1!"`KhJ0aH `H J -802n9@-+0†-+91!+02/1,.6N(=a”b6‹O›+O7$3#X-8y‡)"!+,.6.&!"6.-8:-+`J\-I-+  !"/S•% -/S*9@-+0
(Z!"6. 6.#*!+,%!+1!+,7EI6.*O
œ-[Kˆ!"MKh^!)+]*)I67*KT&(<=+*!+,   H1#XH(d-+9:]!eWI-8-80ZE+$ ,7**žŸp#X-86.&(*M]6.(
 !"6.6.#*!+,kF3H(67-8*Ov< !+H02:!"U!+,.,&!"!?/S-86.3”@XWD!+02/5,7;•!"&(!Ku6.1&(*/S&(3,7Ei9@-80 !
BWD&M/-+\5!"\16.,.67“E?&6. 67\1H(6.-8?&(XB5&r\3Er(U/1!"6.#*H,.!"R!"//5,.6.#*!"67-8r/-+\1,70MO
Õ ¡ H 67-8 ‘`¢(H(//S-8 TKhR!"n=867)+2!U,N!"=+J!+02/1,7n-+9&!"!U!+&2!#*,.!+67B1*c£OkPR(J#*,.!+67B1*c£„0 !E

¤
single domain multiple domains
9

analyze classifiers analyze algorithms

predict choose predict choose


classifier between algorithm between
accuracy classifiers accuracy algorithms

large small large small large small large small


sample sample sample sample sample sample sample sample
1 2 3 4 5 6 7 8

Õ
jk67=8H( ‘L| !eWI-8(-80:Ep-+9h !"6. 6.#*!+,kFIH( 67-81'6Np0 !+#;6.(,7!"6N(=(O'PL(Z\S-WD&d(-D&(r” ¡ H( 67-8 •
6.n(:H(\DŠ #XJ-+9k6.n/1!"/S*O

![)+ \S*]#X-8  H1#X &]H6.=G/5!"U-+9h?&!"!D$m\5H(U(* 6.-8H(=8]&!"!M0 !+6.6.=i9@-+Z!A */5!"!" 


   A **O‰sL#X+$KT<#*!+02!+H(d(<!+#*#*H(;!+#XE-+92£ˆ-84(d  A *M!+&4#X-8  H1#Xr!š\56.(-80 6.!+,
Õ Õ
#X-8DB5&#XG6No *)"!+,”‡¢D(&(#X-+T-D#(!+%$  w c9x-8 —PR67\167!+6‡$  w -8!)D6‹$  •;O_œ-+  Õ
Õ
!" 6. ¡ H 67-8 $%(2#*,.!+6gB1*U#X-8H,.&d![)+2\*d/1-I&1H#X&p\IEd!+oE02*(-D&ƒ”@+O›=(O7$V6.3 *)D67*KL6.(=G!+
XWD/*;•;w167R(*&A-+R!)+:\*A/-D&H#X&G\3EM!2,7!";6.(=2!+,7=+-+6.0MO
¡ H 67-8 ¤  ‘ 67)+?! 0 !+,.,1&!"!  **$ T$oH//S-8 JKh!"//1,7Ea,7!"6.=!+,.=+-+67
0 „  - < -:#X-8 H#X
#*,.!+6gB1* £ Qwn(-[K!+#*#*H(;!" ,7E_KL6N,.,T£  #*,N!+679@E_(*KXW(!+02/1,7; – T#*!+H MKTM!)+A(-d */1!";!" M  
 **$T(*A6.2-d&167#X2Kn!Eš -]!+ KT* 6.FIH( 67-8%Oš|q9@F3Ho,7E3yz!"//1,N67&^ !" *=+E™6. -]#X-8o)+*
6.FIH( 67-8<6No - ¡ H(67-8  I ‘ J!+uKT2/&16.#X !+#*#*H(!+#XE-+9h!+,7=+-+6. 0  KL6.6N ;!+6.(&-8
!+&-80 ,7E3yz ,7#X &A&!"!i *-+9J”b!"/1/-W(6.0 !" ,.E(•T:!+02:67{*Z!+  Q–u‚9k-($1(pKhZ#*!+u/&16.#XJ(
!+#*#*H(!+#XEM-+9Q£  K6.#rKn!+R-+\1!+6.(&M9@-80  !+6N6.(=-8  TO
¡ H 67-8  ‘ 67)+?zKT-:#*,.!+6gB1*T£ p!+&r£ <!+& -8H(=8?&!"! 9x-+T!  */1!"!"   h**$I&(* *;0 6.(
KL6N#_#*,N!+6gB1*:KL6.,.,Q\G02-+r!+#*#*H(!" r-8š(*K   :XW(!+02/1,.*OuPR16.ZFIH( 67-8>#*!+>\Si!+ KT*&^\3E
02!+H6.(=Ai!+#*#*H(!+#XE^-+9J!+#™#*,.!+6gB1*:-8_(G */1!"!" r   *!+&_!"/1/1,7ED6.(=A˜#*œL0 !"[žŸ  *$
KL6N#rKL6.,N,5\S &(#X67\S&G\,.-[K O
¡ H 67-8
 !( ‘ 67)+_zKT-u#*,.!+6gB1*:£  !+&^£  /-D&H#X&d\IEd9x*&6N(=A!p0?!+,.,`&!"!p*"  4 -uzKT-
,7!"16.(=i!+,.=+-+670 #  ‰!+ & $G$K6.#d#*,.!+6gB1*KL6.,N,%\S202-+2!+#*#*H(!"  6.d#*,.!+679@EI6.=i(*K†XW(!+02/1,7;–
|=8!+6. $R\S#*!+H dKT1!)+](-š */1!"!" < *r-+9  r&1!"!D$LKTd#*!+1(-+M!+ KT*G16.iFIH( 6.-8„&167#X,7E+O
|=8!+6. $( -802U!"#(*;R!)+U!"C+p(U!"//-8!+#;M-+9V#X-83)+*6.=26.T/-+\1,.0 6No -2!2FIH( 67-8r!"\S-8H(
,7!"16.(=]!+,7=+-+6.0 p” ¡ H 67-8 •;O4‚9Kh#*!+&(* *;0 6.(MKL16.#ƒ!+,.=+-+670 HH!+,.,.E_/-D&H#X?02-+
!+#*#*H(!" :#*,.!+6gB5* ”@KL(r !+6N(&r-8A&!"!2 *L-+9!"/1/-W(6.0 !" ,.E?( !+0 Z67{*t•;$((AKh #*!+A,7#X
(Z#*,N!+6gB1* ”‡£ ^-+'£ c•n#X!" &A\IEi!"!+,7=+-+670AO
¡ H 67-8  ‘ 67)+!i,7!";6.(=?!+,.=+-+670 }!+&!i,.!"=+:&!"!r *T$KL!"6NL(a!+#*#*H(!+#XEu-+9Q(
#*,.!+6gB1*'/-D&H#X&u\IE  KL(d !+6.&u-8<*K} !+6.6.=G * -+9h!M /S#*6gB1&d6.{* –„PL6.F3H 67-8
!+T(-+c#X67)+&i0aH#;i!"  367-8r6.2(',.67 *!"H+Oc(L!"//1-8!+# $D!+&()+-D#*!" &r\3E2#cl ^/-eŠ #X
Õ
”bs'6.o -8%$œ!+,‹$kPR67\1167!+6‹$ #hl #  !+0 020:\*;*$   Õ
w !+0aH  $  8•;$Q6.U -H(\ &67)D6.&( 
6.3 -:!Z  T*T!+&i *)+*!+,&6.@Š -86.3Q !+6.16.(=  *h-+9%67{* OkPL( 6.c !+6.(&?-8?!+#;G-+9 ( ;!+6.6.(=
 *n!+&i(LH,76.=Z#*,.!+67B1*Q!"'   &G-8G(L T **OhPR(![)+*!"=+U/S*9@-+0 !+#XR-8G(  n *
 6.0?!" R(Z!+#*#*H!+#XEr-+9k*KH*O
¡ H 67-8  I‘ 6.)+p!?,.!"6.(= !+,.=+-+670 }!+&p!i0 !+,.,%&1!"!? *  T$1K!"L6.L(:!+#*#*H(;!+#XEA-+9`(
#*,.!+6gB1*/-I&H1#X&d\3E  KL(  6.U !+6N(&d-8_(*K  !+6.6.=r* -+9T(?!+02i67{*?!+ c– -8!)D6
Õ Õ
”  •?(-[K!"?  !"67B1& y‡9x-8,N&ƒ#X-8y‡)"!+,.6.&1!"67-8š/-D&H#X9b!+67,7E_=+-3-D&™ 6.0?!" ?6.š6N2#*!+ +O
œ-+  !"R6.r!+3Ei!+02/1,.6.=:!"//-8!+# $(KT #*!+(-+R ;!+6.  -8r !+6N6.(= *J-+9VXWD!+#X,7Er(U!+0  67{*
!+ TO`  !+& $DKT !+6.G-8r&!"! *n!"J!)+ ,.67=83,7E29x*KT*JXW(!+02/1,7U”@+O›=(O7$   -+9V(U67{*'-+9 ^6.
Õ y‡9@-8,.&]#X-8 y‡)e!+,.6N&!"67-85•!+&d,.Ep-8<(2!+H02/67-8d1!"U(2/S*9x-+;0 !+#X-+9T,.!"6.(=r!+,7=+-+6.0 
#1!+(=+ 02-I-+,7EpKL67d#!+=+ 6.(267{*-+9ca ;!+6.6.(=r&!"!DOaPR6.!+H102/67-8#*!+<\Sa#;(#C+&
XWD/*;6.023!+,.,7Eu”@\IEr/*9x-+0?6.(=!+&&6767-81!+,#X-8y‡)"!+,.6.&!"67-8MH&67;•cKL6.r*)+p0 !+,N,7*J !+6.6N(=a**$
\1H(T67h#*!+1(-+n\'#(#C+&A&67#X,7E9x-+n !+6.16.(=Z *T-+9%'6.{*L-+9 TO LH,7h-8G(!"/SL-+9m,.!"6.(=
#*H()+?(-[K 1!" 6.™ -802A#*!+  6.202-I-+(2!+H02/167-8>KL6.,.,h\SG)D67-8,.!" & ”bs'!+H,7* $ U!";*$
Õ
¢IH=($ }PR6.3\IE+$  !3•;Ohœ-8(*(,7$167R6.J-+\5 *)+&M -?-8,.&rXWI/S*6N02o!+,N,7Ei6.M0 -8 R!"//1,.6N#*!"67-8*O
¡ H 67-8  3‘ 67)+dzKT-p,7!";6.(=G!+,7=+-+670? ‰!+ & $—!+&d!M,.!"=+2&!"!M * T$ K6.#d!+,7=+-+;670
KL6.,N,o/-I&H1#XT02-+n!+#*#*H!" L#*,.!+6gB1*KL(a !+6N(&-82&!"!U *`-+9!U /S#*6gB1&67{* –rPL6.kF3H 67-8
!+`(-+`#X67)+& 0aH#2!"  367-8 $I!+,7(-8H(=8(  #hl #< !+0Y!+QH&67&:6.`FIH( 67-8a9@-+Q*=+67-8
/-+\5,70 *O`PR(*EG&67)D6.&(  š6.3 -*)+*!+,%&6.bŠ-86.3T !+6.6.=a *L!+&M!26.(=8,.   ** O c!+#;A!+,7=+-+6.0 6.
 !+6.&p-8u!+#d !+6N6.(=?**$S!+1&u!+,.,VH1,76.(=?#*,N!+6gB1*;L!"a   &d-8u(: **O'|'u!+1!+,7EI6.L-+9
)"!"6.!+#X'#*!+ii\SR/S*9@-+02&?!"J6.#*,.H1&(` *0 h9@-+h(#-86.#X-+9V,7!"6.=Z!+,7=+-+6710M$o(#-86.#X
-+9 (' !+6.6N(=  **$(!+&i!+#r6.&6.)I6.&1H!+,I  hXW(!+02/1,.+OkPL( ¡ H1!+6gy   ”blV6.&0 !+%$ +¤ •h6.c!"/1/1,.67& Õ
 -?&(* *;0 6.(UKL*(*J( XfS#X&HU - ( #-86.#X -+9`,7!"6N(=2!+,7=+-+670?J6.J67=867B5#*!+o,.Ei(-8Dy‡{**-(O
¡ H 67-8 ‘ 67)+a“Kh-U,7!"16.(=!+,.=+-+670  ƒ!+ & $ !+&!'0 !+,.,3&!"! * T$+KL6.#;:!+,.=+-+670€KL6.,.,
/-D&H#X02-+ !+#*#*H!"  #*,.!+67B1*TKL(G !+6.&r-8M&!"!2 *n-+9(U!+02 67{*U!+ Q–pPR(/1H/S-8 -+9
6.n/5!"/*J6.n -i&(#X67\S!+&M#X-802/1!"  *)+*!+,m!"6. 6.#*!+,S  L9x-+R!+1 Kh*;6.(=6.JFIH( 67-8%O h#*!+H1 
>6.J0?!+,.,‹$(67nKL6.,.,5\SU(#X!"EG - H U(-8,N&(-8H(J!+&r!+0 /1,.6.(=a02*(-D&*OQ|'R02367-8(&M6. ¡ H 67-8
i!"\-t)++$%6.02!+'!"KTa#*!+-+!+1 Kh*6NFIH( 67-8uXW(!+#X,7EpKL6.(-8H(0?!"CI6.=?(!+H0 /67-8
!"( /S*9@-+0 !+#X -+9k(:zKT-i,7!";6.(= !+,7=+-+;670 R#;!+(=+'02-I-+,7EGKL67A#;!+(=+'6.M(a67{* -+9
(  ;!+6.6.(=2 **On¢I/S#*6gB5#*!+,.,7E+$DKT KL6.,N,*&M -i!+H02U!"R ,.!"67)+:&6gfS*#X 6.r/S*9@-+0 !+#XU-+9
( “Kh-i!+,7=+-+670?R#!+=+L,7-tKL,7EiKL67M#1!+(=+6Nr( 67{*U-+9k(  ;!+6.6.(= **O
¡ H 67-8  ‘ U67)+GzKT-,.!"6.(=:!+,7=+-+670? !+& $Y!+&G&!"! *T9@-80‰*)+*!+,S&(-80 !+6.$oKL6N#
!+,7=+-+6.0 KL6.,.,+/1-I&1H#XT0 -+T!+#*#*H!" R#*,.!+67B1*VKL(a !+6.(&:-8XW(!+02/1,79@-80†(*K™&(-80 !+6.’–GPR6.
6.c/*;!"/1`(02-8 h9@H1&!+023!+,1!+&i&6 i#*H1,7QF3H 67-8G6. 0 !+#;6.(',7!"6.=(O`¢I-80 L !";#(*n![)+
!"//1,N67& !6.02/5,7R67=8i  U”@-+Tv46.,.#X-[WI-8r67=8&Dy‡!+(CDQ  ;•c - E2 -!+ KT*n6.TF3H(67-8 $o\5!+ &
-8ƒ6N(=8,7rHa-+?#X-8y‡)"!+,.6.&!"67-8(y‡\1!+ &š 6.0?!" *$n\1H(( A ?&(-](-+2!"C+6.3 -]!+#*#X-8Hoi(
H#X*!+6.o“E -+9 (6.&6.)I6.&1H!+,3#X-80 /1!"6. -81*O `fS#X67)+,7E+$DKh'Kn!+oT -a#X-80:\16.L('H,.Q9@-80‰*)+*!+,
!+ KT* - ¡ H 67-8 $cKL*i!+#;ƒ!+ KT* !+2!+™!+-I#*6.!" & H#X*!+6.3zE+O>PR6.6.!+™6.0 /-+!+o
FIH( 67-8M9@-+R9bH(H(!"# O
¡ H 67-8  3$ $D!+1&  !"(02-8 J6.02/S-+!+3c9@-+nXWI/S*6N02o!+,5 !";#G-8r,7!"6.=:!+,7=+-+6.0 *O
v4(™ -802*-8(A&*)+,7-+/12!<(*K,7!";6.(=d!+,7=+-+6710 ”@-+i!<02-I&16gB5#*!"67-8> -]!+šXW(6. 6.(=d!+,7=+-+6.0i•;$
!+ KT* -?(aFIH( 67-81L#*!+&(* *0 6. KL(*(*(:*K !+,7=+-+;670 6NR\S*  *1!+AXW(6. 6.(=i!+,7=+-"y
6710 * O (9@-+H1!" ,7E+$(0 !+oEG&!"!2 *JH&G6N?XWD/S*6.023!+, !"#;M!" -3- 0?!+,.,1 -2!+,.,.-[K4/S-86.(=
¡ H(67-8  3OQs#X+$316.`/1!"/S*c9@-D#*H Q-8i&(*)+,7-+/S& =+-I-D&? !"6.6.#*!+,  h9@-+ ¡ H(67-8 O`v<&(XB5(

!
!+&A#X-80 /1!"UB1)+ !"6. 6.#*!+,  L9@-+R6.JFIH( 6.-8 O
T*9@-+/-D#X*&6.(=iKL67Aa&(*;67)e!"6.-8A-+9Q(!"6. 6.#*!+,V  *$ 676.Kh-+(-+6.=?!"!+#d-+9
( FIH( 67-81/S-8 &<!"\S-t)+ #*!+<\SaXWD &(&d\S*E+-8&<#*,N!+6gB5#*!"6.-8!+,.=+-+670 !+&<0?6.#*,.!+6gB5#*!"67-8
!" *Oj(-+UXW(!+02/1,7+$S6.0 !+3EA&(#*6.67-8(yz0 !"CI6N(=? * 6.=8*$ 676.'6.02/S-+!+3L -G 6.0?!" aa#X-8&16767-8!+,
/-+\5!"\16.,.67“E?!"'!?(*K€XWD!+0 /1,7Z\S,7-8=8J -?!+#;u-+9`Z~ #*,.!+*OL(Z02!+H(Z-+9k(a!+#*#*H(!+#XEA-+9
/-+\5!"\16.,.67“E? 6N0 !" 6NR(a,7-+=G,.-8*$1!+& ¡ H( 6.-8 $ ¤ $  $!+ Õ & ?#*!+u!+,.,m\S */1(;!+ &A6.M *;0 L-+9
&(* *0?6.6.(=2ZXWD/#X &d,7-+=r,7-8-+9Q!G#*,.!+6gB5*R-+'!+!+,7=+-+6.0MO¢D6.0?6.,.!",7E+$ ¡ H( 67-8 $ !($ 3$ !+&
#*!+d\S:*/5(!+ &6. *0 '-+9h&* *0 6.6N(= KL6N#d#*,.!+67B1*-+U!+,7=+-+;670 !+'(20 !+,.,.*',7-+=A,.-8*O
v< !"UH![KT!"U-+9V!+3Ei !"6.6.#*!+,S !"#;M /S#*6gB5#*!+,.,.E !+&&(6.(=Z  F3H 67-8n6.i( #*!+ -+9k,7-+=
,7-8$(-[KT*)+*O
 0 !+3E™(H(!+,L(*zKT-+C !"//5,.6.#*!"67-8$c(u!+ Cƒ6.2 -^/&6.#Xi!]#X-8o6N3H(-8H1  /S-8A)e!";6.!"\1,7+O
_(i/-+\1,70 *$(GF3H1!"&_*-+a6N:HH!+,.,7E(r!"H(!+,h,7-8:9@H1#X67-8 $k!+& ¡ H( 67-8 $ ¤ $  $ Õ
!+& A#*!+^\2*/1(!+ &^6.< *0? -+9R&(* *0?6.6.(=r(iXWI/S#X &>02!+>F3H1!"&<*-+:-+9R!A/&6.#X -+
-+ -+9T!+]!+,7=+-+6710MO2¢(6.0 6.,.!";,7E+$ ¡ H 67-8 $ !( $ 3$V!+& #*!+<\S*/1!+ &d6.d *0 -+9n&(* *0?6.6.(=
KL6N#r/&16.#X -+J-+R!+,7=+-+6710 !+J( 0?!+,.,7*J02!+AFIH!"&r*-+O ¡ H 67-8 Õ #*!+M\SU!+&&( &r\3E
#X-8  ;H#X6.(=?!i#X-8DB5&(1#X:6.3 *)"!+,%\1!+ &p-8p:(-+0?!+,%-+ &16.  67\5H(67-8<”b&(*/S&6.=2-8A(a67{*Z-+9
(  U *;•;O ¡ H( 67-8 #*!+d\!+&&( &u\3E#X-8  H#X6N(=G!r#X-8DB&(#X6.o *)e!+,9@-+'aXWD/S#X &
&6gfS*#X+O`|'h0 o67-8&i!"\S-[)++$(PR #cl #>/-eŠ #XT1!+c&(*)+,7-+/S&G!+!+,7ED6.`-+9 )"!"6.!+1#XL #16.FIH(
9@-+ ¡ H( 6.-8  !+& 3Oh|//-+/;6.!" U !"6. 6.#*!+,m  R9@-+R(:0 !+,., !+0 /1,7 FIH( 67-8:” ¤ $ !($ I$1!+1& •
!"Z6.,.,S(-+RKT,.,S !"\1,N6.(& O
PRa !"6N 6.#*!+,  U9@-+*=+6.-80 *(-I&1'0?!EuH(=+=+ KT![EI-+9T&(67=816.(=i!"6. 6.#*!+,  9@-+
(Z,.-+=?,7-8R#*!++OhPR6NT6NR!+A6.02/S-+!+3R!"!29@-+R9bH(H(!"# O
PV-2&(67=8G!+&G*)e!+,NH!" U !"6. 6.#*!+,  $((LB5 n  */M6.T -6N&(o6.9xE(U -8H(;#Xh-+9V)e!";6.!"67-8i!"
0aH J\S #X-8o -8,.,7&M\IEi!+#;p *Ocj(-+LZ#*!+  KTZ!"Z#X-816.&(*6N(=($D(* !" 9@-8H(R6.0 /-+!+oR -8H#X
-+9k)e!";6.!"67-8 O
jk67*$V(*i6.U?!+&-80Ž)"!"6.!"67-8^6.<(G ,7#X67-8_-+9J(?  a&!"!A1!"a6.ZH &] -u*)e!+,NH!" 
(,7!"6N(=i!+,7=+-+;670 *O !+oEp/1!"6.#*H,N!"!+1&(-80 ,7E3yz&(![KLA  U&!"!r **$ -8a#*,.!+6gB1*0 !Ep-8H(y
/S*9@-+0Y!+(-+(*h*)+?-8H(=8 -8?(RKL(-8,.J/-+/5H,.!"67-8(zKT-:#*,.!+6gB1*QKh-8H,N&2/S*9x-+;0}6.&(36.#*!+,.,7E+O
PR6NJ6.J!2/1!"6N#*H,.!",7E?/6N(=:/1-+\1,709@-+L0 !+,N,S  &!"!? **O
PRZ #X-8&u -8H(#X -+9k!+1&(-80)"!"6.!"67-8AH,7R9x-80 (Z ,.#X67-8A-+9k(  ;!+6.6.(= &1!"!DOJu!+oE
/1!"6N#*H,.!"'!+&(-80 ,.Eoyz&(;!KLp !+6.6.=? **$ -8(2!+,7=+-+6.0q0?!Ep-8Hy‡/*9x-+0 !+(-+*'*)+d-8H(=8 $S-8
(?![)+*!"=++$`(2“Kh-!+,7=+-+670? !)+?(?!+02i!+#*#*H(!+#XE+O Q)+_0 !+,.,`#1!+(=+  -u(2 !+6.6N(=M *
”bH#;d!+U!+&&6.(=i-+U&(,7*6.(=G!G9x*K}&!"!G/S-86.3;•R0?!Eu#*!+H1 2,.!"=+#!+(=+U6Np(2#*,.!+6gB1*'/-D&H#X&
Õ Õ
\IEu!M,7!"16.(=r!+,7=+-+670AO T6.0 !+ƒ”  !($  8•U!+U#*!+,N,7&d6.'\S!)D67-+   6.1 !"\16.,.6.zE D$S!+1&<(2!+
(-tKL>!"26.a6.!d *67-8H1:/1-+\1,70ˆ9x-+2r&#*6.67-8^ *A!+,7=+-+6.0 *$QH1#š!+ n| PŽ” T6N0 !+ $
Õ
j(6.&0 !+ $5,N( $  ¢I -8+$  !3•;O
|q67&> -8H(;#XM-+9)"!"6.!+#XM#*!+™\Sr6.3 *!+,n!+&-80 (6.>(A,7!";6.(=d!+,7=+-+6710MO T-816.&(*$
9@-+hXW(!+02/1,7+$3('KL6.&(,7E3yzH &\5!+#CI/-+/1!"=8!"67-8r!+,7=+-+;670Y9@-+T !+6.6.=U9x*&Dy‡9@-+Kn!"&G(H(!+,5(*zKT-+CD*O
PR6N:!+,7=+-+;670 6.HH!+,.,.Ed6N676.!+,.6.{*&<KL67š!d *-+9R!+&-80ˆKT67=83KL6.#;^6.:(™6N02/-t)+*O<PR(
H1,76.(=Z,.!"(&G(*zKT-+Ci&*/1&h#X;676.#*!+,.,7E-8G('!+&(-80  !"6N(=a!" ?” U-8,7 €-8,.,N!+#C$  •;O Õ JÕ
 6.h#*!+ +$D*)+r679S(L !+6N6.(= &!"!a!"'(-+h#;!+(=+& $D('!+,7=+-+670‰6.c,N67C+,7E -Z/-I&H1#XL!Z&67f*3
3E3/S-+(6NJ679V67R6NJXWI#*H &p!"=8!+6.M9@-80!?&6gfS*oJ;!+&(-80  !"6N(=? !" +O
PRL,.!+ T -8H(#X-+9 !+&(-80})"!"6.!"6.-8 !"n0:H1 Q\SL!+&1,7&2\IE  !"6. 6.#*!+,1  T6.Q!+1&(-80 #*,.!+6gBy
#*!"67-8r*-+Ok“9m!:BWD&G9x;!+#X67-8   -+9m('  R&!"!a/S-86.3h!"!+1&(-80 ,7E 0 6N,.!"\S,7& $8G-,.!"6.(=
!+,7=+-+6.0 #*!+p!+#;67*)+:!+A*-+R!" Z-+9k,.n!+  O
| =+-I-I& !"6. 6N#*!+,R  r(-8H,N&™(-+?\SM9@-3-8,7& \3E™ p -8H(;#X?-+9U)"!"6.!"67-8%O„PRA  i(-8H,.&
#X-8#*,.H1&(c!"(hzKT-!+,.=+-+670 !"T&6gfS*o679!+&:-8,7EU679((6.m/S*#X3!"=+T-+95#X-+#Xk#*,.!+6gB#*!"67-8
KT-8H,.&A\SZ&16gf*o*$5-8p(!)+*;!"=++$ KL(A ;!+6.(&A-8!i !+6.6.=  *-+9Q!?=867)+pBWI&67{*a!+&A  &


-8A!+,.,m&!"!2/S-86.3J6.r(U/S-+/1H,.!"6.-8 O
PV-i!+#*#X-802/5,.6.p6.*$1!i !"6. 6N#*!+,m  6N(=?/-I#X&H 0:H1 !+#*#X-8H3'9x-+'( a -8H(#X-+9k)e!"6N!"67-8 O
PV-?!+#*#X-8H3L9@-+R  yz&!"!?)e!"6N!"67-8A!+&M /S-867\16N,.67zE2-+9!+&-80#*,.!+67B5#*!"67-8r*-+[$(  !"6.6.#*!+,
/-D#X&H( 0:H #X-86.&(*Z(?67{*2-+9n(?  : *:!+&<(?#X-81 F3H#XZ-+9n#1!+(=+:6N<(2  a **O
PV->!+#*#X-8H3r9x-+G !+6.16.(="yz&!"!_)e!"6N!"67-8 !+&„6.3 *!+,L!+&(-80 *$J(d !"6. 6N#*!+,L/-I#X&Hp0aH 
XWD#*H( J(n,7!"6.=!+,7=+-+6.0€0aH,76./1,7Q6.0 V!+&02!+H(T(h)"!"6.!"6.-8a6N:!+#*#*H(;!+#XEZ-+9(nH,76.(=
#*,.!+6gB1**O
PR16.'/1!"/S*U\*=86N'\3Ed&(#X6.\16.(=iB1)+  !"6.6.#*!+,`  U\S!"6N(=r-8 ¡ H( 6.-8 ‘ ˜u#*œ0 !"žŸZ  *$
!i  9x-+(&6gfS*#X:-+9QzKT-r/-+/S-+67-8$1(a!+02/5,7&  *$ (a#X-8y‡)"!+,.6.&!" &   *$ !+&d!
(*K  R#*!+,N,7&G(  W ¤ #X)G  *OTPR('/1!"/S*J(M&(#X6.\T!26.0aH,.!"6.-8i H1&(E !"R **CDJ - 02!+H(
(2/-+\1!"\16.,.6.zEM!"U!+#;]  UKL6N,.,V6N#X-+#X,7E&(* #XZ!M&67f*1#XaK(d(-A&6gfS*#XXW(6.  ”bPhE3/S
L*-+’•;O2PR(H1,7'-+9h(26N0:H,N!"67-8d H&(E(-[K}1!"U-8,7Eu˜#*œ0 !"žŸ  *$m(2#X-8 y‡)e!+,.6N&!" &
  *$%!+&u(  W ¤ #X)p  U!)+2!+#*#X*/!"\1,.aPhE3/SaJ*-+O'PR(aPcEI/SZR*-+-+9QZ!+0 /1,7&   
6.)+*Ep\5!+&u!+&(a  U6.)+*EAXWD/S67)+#X-802/1H(!"6.-8!+,.,7E+$S -GKh2&(-r(-+#X-86.&(*67'9@H(*O'PR(
PhE3/SR`*-+h-+9 ('&6gfS*#XXy‡-+9xy‡/-+/S-+67-81`  n6.cH1!+#*#X*/!"\1,7'6.  -802#*!+ *$I\1H(T67c6.c)+*E #!"/
 - *)"!+,.H!" +$1- KhZ*!+6.(&A6.J9x-+R9bH(*R H&(E+O
PR6.0:H1,.!"67-8d H&(Eu6.U -802*KL1!" 6.&(!+,.67{*&d!+&<&-3U(-+ !+&1&(U!+,.,k!+ /S#XU-+9T !+6.16.(="yz&!"!
)"!"6.!"67-8 OTPm-i-+\!+6.u! 02-+:!+,.6. 6N#*)e!+,.H1!"67-8M-+9`( 9@-8H(0 !+6.6N(=  *$KhZ#X-81&H#X &p!i *L-+9
XWD/*;6.023 H6.=M!+,Q,7!"16.(=A!+,7=+-+6.0 U-8_!+,.6. 6N#2&!"!p *Oiv<G02!+H(&_\S-+<(iPhEI/2
*-+!+&p(:/S-tKh*'-+9`(Z *OPRZH1,7L-[K !":#X-8 y‡)e!+,.6N&!" &   !+'#X-86. o,7E
,7*)"!" & PhE3/STm*-+PRn&16gf*#XXy‡-+9Ny‡/1-+/S-+67-8V  Q!+`!+#*#X*/!"\5,7JzEI/STm*-+$8\5H(,.-[K™/S-[KT*O
T-+-+9Q(a0 !+6.6N(= zKT-r  U![)+a=+-I-D&PhEI/:R*-+!+&u!+ -8!"\5,7:/S-tKh*OPR(  W ¤ #X)u  U6.
,.6.=8o,7E02-+L/-tKh*9@H,!+i˜#*œ0 !"žŸh  *$D\1H(Q!+,. -:  6.0 c02-+XWI/S67)+R -Z/S*9@-+0MOks#X+$
(2/1!"/S*Z#X-81#*,.H&(!"Z(  W ¤ #X)< Z6.(2  :-+9T#;(-86.#X 9@-+Z6.XWI/S6.)+a,7!";6.(=M!+,7=+-+6.0 *$
\1H(Z!":˜#*œL0?!"žŸa  a6NU\S*  *:9@-+:02-+?XWD/167)+?!+,7=+-+;670 *Orlm6N /_#X-D&(i6.0 /1,70236.(=M\S-+
  6.R!)"!+6.,.!"\5,79x-80(Z!+H((-+

    ;J%

v< KL6N,.,5!+H02U!"J*UXWD6N R!2 *ˆ-+9V/S-867\1,7'&!"!2/S-86.3*$(#*!+,.,7&r( !#"OJPR*U!+,. -


XW(6. a -802$%#& ')(*,+"-. !#"$ /š1!"a#*,.!+6gB1Z!+#10324 6.3 --8(?-+9L~ #*,.!+ *Ouv„6.(-8H(:,.-8Z-+9
=+(*!+,N67zE+$ KT2KL6.,.,V!+H0 :!" ~65 ¤ $%!+,7(-8H(=8d(-8(-+9h(H,7'6.6.'/1!"/S*&(*/S&u-8d6.
!+H102/67-8 $36.#XR-8Hh-8,.E#X-81#X*?K6.,.,D\SRKL(**h!+iXWD!+02/5,7L6.h#*,.!+6gB5& #X-+#X,7E2-+n6.#X-+#X,7E+O
2!+2!"//1,.6N#*!"67-8:* 6.(=($o!U!+0 /1,7 6.`&(![KLa!+&(-80 ,.E 9x-87 0 —!+#*#X-+&6.=' - !'B1WI&a/-+\5!"\16.,.67“E
&6. 67\1H(6.-89  8pO'|Y#X-8,.,7#X67-8u-+: 9  &;#<"=>")'?(A@B#CDE(F6NL#X-8  ;H#X &\3Ep,N!"\,N6.(=2!+#$  0G2 !+#*#X-+&16.(=
9 - /`<” 0S•;O c!+#;p ;!+6.6.(=?XWD!+02/5,7 (**9@-+!+RZ9@-+I 0 H<0KJA/`<” 0S;• L;ORp-802a!"/1/1,.6.#*!"67-81*$((*a0 !E
\S !2 -8H(#XZ-+9k#*,N!+6gB5#*!"6.-8M(-86. U!"L!+&(-80 ,.E? *RZ,.!"\S, -i!+A6.1#X-+#XJ)"!+,.H(+O
|},7!";6.(= !+,7=+-+;67
0 †!"C+!+'6.(/1HR!? *'-+9` !+6.6N(=2XWD!+0 /1,7:  M !+&p-8H /1H(L!i#*,.!+67B1*O  /N O
PR(? H(?*-+Z!" i-+9J!":#*,N!+6gB1*a6.U(i/-+\1!"\56.,.67“Ep!" /š N KL6.,N,`0 6.#*,.!+679@Eu!+]XW(!+02/1,.i&(![KL
!+&-80 ,7EG9x-8P 0 !+#*#X-+;&6.(=  Q - 8pOh‚p/!+#X6.#X+$56.J*-+R!" a6.J 6.0?!" &p\IEr!"CI6.= -8H(![)e!+6N,.!"\1,7
!+02/5,7 †!+&™H(\ &6.)I6.&16.(=A67 6.3 -]!d !+6.16.(=< *R  M !+&™!<   *T  SZO™PR(M*-+2!" A-+9 / N -81 S
/-t)I6N&(J!+A 6N0 !"  -+9(  H(U*-+R!"  -+9 /u N -8AU/-+/5H,.!"67-8 )$ _O
PRZ3H1,.,%3E3/S-+(6NJ -i\S   &u6.L!"L9@-+!?!+&(-80?,7EM&(!KM !+6.6N(=  *U  M}-+9kBWD&p67{*+$5(
zKT-r,7!"6.=!+,.=+-+670 RKL6.,., ![)+Z(a!+02:*-+R!" :-8u!   LXW(!+02/1,7Z!+&(-80 ,.Eoyz&(;!KLM9@-8V 0 ^$
KL(*Z!+,.,%;!+&(-80—&(!KL!"a0 !+&(:!+#*#X-+;&6.(=i -G&6N  67\1H67-8W  8pOLlm*3  / N ^\SZ(a#*,.!+6gB5*R-8H( /1H(\3E
!+,7=+-+6.
0   !+6.&A-8u !+6.6.=  *D  M$!+&p,7* /N ™\S (a#*,.!+6gB5*R-8H( /1H(\3EM!+,7=+-+;67 0 $ ;!+6.(&


-8 MOcPL(r(ZIH,.,S3E3/S-+(6NJ#*!+A\SKR67  A!+

   / N T”<0S•5 /`”<0S• 5    /N R”<0 •53/`”<0S• %J

KL(*U( ( -+!"67-8 6N&6.#*!" n(Z/-+\1!"\16N,.67zE?!"C+AKL67r /S#XJ - ( !+1&(-80 &(![KLJ-+9k(


 !+6.16.(=2 *:
 M}!+&r   RXW(!+02/1,7 0VO

 ]DU TSA    


v<(-[K„&(#X67\SJ(' !"6. 6N#*!+,  h!"h!"L(L0?!+6.?H\DŠ#Xc-+9 6.`/1!"/S*Ov<'\*=86N2KL67 6.02/1,7
(-8,.&-8H(n  L!+&A(A#X-86N&(*R  L\1!+ &M-8M!+02/1,.6N(=:9@-80 Z!)"!+6.,.!"\1,. &!"!DO

   !#"%$'&(*),+-#)+


Õ
PV-!"/1/1,7E ˜#*œL0 !"[žŸJ   ” Q)+*6. *$   +•;$KhU&6.)I6.&L-8H(J!)"!+6.,.!"\5,7'!+02/1,7-+9V&!"!T$(6.3 -2!: ;!+6.6.(=
 *U  M‰!+1&u!i  U *SZOLv< !+6Np\S-+d!+,7=+-+6710  Y!+1&$ -8u: !+6N6.(=?*ED67,.&6N(=?#*,.!+6gB1*
/ N >!+& /N TOnv<a(A  '( :#*,.!+6gB5*J-8u(Z  ' **ORj(-+'!+#XW(!+02/1,7 0$2 SZ$KTZ#X-+;&u(-tK
67JKn!+L#*,.!+6gB1&r!+&A#X-81  H#XR 9x-8,N,7-[KL6N(=a#X-836.(=+1#XEG!"\5,7+‘

3 H10Z\S*J-+9kXWD!+0 /1,7 3 H10Z\S*J-+9kXWD!+0 /1,7


0?6.#*,.!+6gB1&G\3EG\S-+ / N  !+& / N  0 6.#*,.!+6gB5&?\IE / N  \1H(J(-+L\3E / N 
3H10Z\S*J-+9kXWD!+0 /1,7 3H10Z\S*J-+9kXWD!+0 /1,7
0 6.#*,.!+6gB5&i\IE /N š\1H(J(-+R\IE / N  0 6.#*,N!+6gB1&G\IEG67(* / N ]-+ /N TO

v<:KL6.,.,H U(:(-+!"67-8
./0/ . /21
.1 / . 101
KL(* . 5 . /0/43 . /2153 . 1 /63 . 101 6.J(U -+!+,IH0Z\S*J-+9XWD!+0 /1,7R6.r   L *SZO
 &(*V(hIH,.,+3E3/S-+(6.*$e(c“Kh-!+,7=+-+6710 %(-8H1,.& ![)+h(T!+02h*-+m;!" +$eK6.#:02!+m!"
'
./21 5 .1 / OQ˜#*œL0 !"[žŸJ  R6.n\1!+&r-8M8 ! 759'  J9x-+J=+-I-D&(y‡-+9xy‹B1n!"R#X-802/5!"n( &6. 67\1H(6.-8
-+9h#X-8H1o'XWD/#X &<H1&(*'(aIH,.,3E3/S-+(6NL -r(a-+\1 *)+&<#X-8H1o*O PL(:XWD/S#X &<#X-8H3'H1&(*
(ZIH,.,S3E3/S-+(6.J!"

. /0/ ”. /2153 . 1 / •0: ¤


” ./21 3 .1 / •0: ¤ .101
PR 9x-8,N,7-[KL6N(=? !"6.6.# 6.&6.  6.\1H( &]”b!"//-W(6.0 !" ,7E•J!+;7<9UK67 Õ
&*=+*:-+9`9@*&(-80Aw567L6N#X-+ y
Õ
/S-+!"  !  #X-836.IH67zEd#X-+#X6.-8 M *0 ”@-+9>= 6.d( IH02*;!" -+’• -A!+#*#X-8H3 9x-+Z(29@!+#XU1!" (
 !"6.6.#U6.R&6N#X* UKL6N,7?7 9 &6N  67\1H67-8?6.L#X-8o6.IH(-8H‘
”@ . /21 = . 1 / @ = Օ9
./21 3 . 1 / A
‚9 (IH,.,(3EI/-+6.c6Nc#X-+#X*$D(?(L/1-+\1!"\16.,N67zEa!"c16.cFIH!+367zE 6.c=+!" *n!+B7 9 1  /2C D0E 5
! Õ !  6NT,.T!+ O  On¢I-KT0?!E?‚Š#XJ(UIH,.,oEI/S-+(6.T6.i9@![)+-+R-+9m3EI/-+6.h!"J(
AzKT-i!+,.=+-+670 J1!)+:&16gf*on/S*9@-+0 !+#XUKLr !+6.(&M-8A( /1!"6N#*H,.!"n !+6.6N(=2 *: MO
œ-+ M(-[KT*)+*$`!"a6.Z  a1!+Z“Kh-d(-+#X-80?6.(=8:KL67]*=8!"&_ - ¡ H(67-8 Opjk67; *$`67Z&(-I
(-+R&6.#X,7Ei0 !+H(U)"!"6.!"\16N,.67zE &1H( - ( #-86.#X -+9(U !+6.6N(=a*J-+R( 6.3 *!+,S!+1&(-80 (n-+9


( ,7!";6.(=M!+,7=+-+6.0MO2|‰6.(=8,7 !+6.16.(=r * M6.U#-8  $V!+1&<( !+,7=+-+6.0 U!" -81,7Eu#X-802/5!"&
H6N(=2!"' !+6.6.=  **OLs#X+$˜#*œ0 !"žŸ'  (-8H,.&A-8,7Er\S:!"//1,N67&M679kKha\S,.67*)+  : -8H#X
-+9%)"!"6.!"\16N,.67zE2!"U0?!+,.,‹Oc¢I#X-8& $D67n&(-IT-+T&6.#X,7E #X-802/1!"'/S*9@-+0 !+#X'-+9%(U!+,7=+-+;670 h-8
 !+6.16.(=  *'-+9Q67{*,  @  @ $\1H(R-8,.EM-8u *-+9Q67{*,  @ M @ $5K6.#u0:H1 L\SZH\1 !+36.!+,.,7Er0 !+,.,.*L!+ @  @
 - H( ! H i#*673,7Ei,.!"=+U   **OhsL#X+$1KhZ0aH !+H02U1!"R(U,.!"6.)+Z&6gfS*#XU-+\1*)+&
-8M !+6N6.(=2 *L-+96.{*B  @ @O
 @ M @IKL6.,.,S 6N,.,S(-8,.&r9@-+R !+6.6N(=2 *R-+9k67{*B

   +-#)+ & + 4


   &    ?+  &
 & + 6) 

|  #X-8&„6.0 /1,7A !"6.6.#*!+,R  r6.?\1!+ &ƒ-8„02!+H6.(=]u&6gfS*#Xp\*“Kh*„(u*-+i!" u-+9


!+,7=+-+6.0  !+& (d*-+A!" <-+9!+,7=+-+6.0 $ ”‡¢((&(#X-+ T-D#!+ $  •;O—¢I/S#*6gB5#*!+,.,.E+$L,7* Õ
 $5}” ./0/ 3 ./21 •0: . \SL('/-+/S-+6.-82-+9%  TXWD!+0 /1,7T6.#X-+#X,.E #*,.!+6gB5& \IE !+,7=+-+670 !+&G,7*
 15 ” ./0/ 3 .1 / •0: . \S Z/-+/S-+6.-8M-+9`  'XWD!+02/5,7L6.1#X-+#X,7EM#*,.!+6gB1&M\IEA!+,7=+-+6710$GOJPR(
!+H102/67-8H&(*;,7EI6N(=26. !"6.6.#*!+,   6.!"KL(d!+,7=+-+6710 ‰#*,.!+6gB5!+dXW(!+02/1,7 0<9@-80
(U  R* SZ$D(U/-+\1!"\56.,.67“E2-+9V0 6.#*,.!+6gB#*!"67-8i6N  QOQs#X+$(UIH0:\*n-+9k0 6.#*,N!+6gB5#*!"6.-8c-+9
.   RXW(!+02/1,.R6.J!2\16N(-80 6.!+,!+&-80 )e!";6.!"\1,7KL67M0 !+ .  !+1&M)e!";6.!+#X   ” =   • . O Õ
PRi\16N(-80 6.!+,h&6.  6.\1H(67-8]#*!+š\SrKT,.,gyz!"//-W(6.0 !" &^\3E>!-+0 !+,n&6.  ;67\1H(67-8]9x-+!+ -81!"\1,7
)"!+,.H(a-+9 . O^jH((*;02-++$Q(M&67f*1#XG\S*“Kh*š“Kh- <"B(  ( " B( " J-+0 !+,.,7E^&6.  6.\1H( &];!+&(-80
)"!"6.!"\1,7:6.Z6. ,79J(-+0 !+,N,7E&16.  67\5H( & OrsL#X+$`iFIH!+o6.zE   =   #*!+^\S?)D67*KT&_!+(-+0 !+,N,7E
&6. 67\1H( &?679%KT!+H02'!"n(02!+H(&G*-+T;!"   <!+&  ^!"U6.&(*/S&(3* O &*h(UIH,.,
3E3/S-+(6N*$D6.JKL6N,.,51!)+:!?02!+M-+9k{**-?!+&M!? !+&!"&A*-+R-+9

5
$
¤ ” Õ =  •
!#"
.
KL(*  5}”   3  Q•0: ¤ 6Nn(Z!)+*;!"=+:-+9k(U“Kh-i*-+R/-+\1!"\16.,.6.67*O
j(-806.J!+1!+,7EI6.*$DKhZ-+\!+6.M(: !"6. 6.#
 = 
5
Õ
 
%
& ¤ ” = 0• : . 

KL6N#_1!+G”b!"//1-W(6.0 !" ,7E•U! !+&1!"&_(-+;0 !+,h&16.  67\5H(67-8 Oiv<r#*!+^‚Š #X:GIH,.,Q3EI/-+6.Z6.9


Õ
@ % @ ')( /2C D+* E 5  <”@9@-+! ¤ yz6N&(&p 'K67p/1-+\1!"\16.,N67zEr-+9c6.1#X-+#X,7EA‚Š#X6.=i(IH,.,m3EI/-+6.
A
-+9 O  •;O
PR16.R  !+\S*pH &u\IEA0 !+oEM !"#*6.#*,.H&16.(=(:!+H(-+” 67*  *;6.# $ s'6.,.& $  n!"CD676‹$
Õ  •;OsL-tKh*)+*[$J(*p!"u *)+*!+,R/1-+\1,70 K67š6.2 *Ojk67 *$T\S#*!+H    !+&  }!"A!+#;
02!+H& -8:(h!+02c   *K  SZ$t*E !"h(-+6.&(*/S&o*O¢D#X-8& $e(c  k!"%(T&(!KL\1!+#CDm-+9
˜#*œL0 !"[žŸQ  *‘`67Q&(-I`(-+Q02!+H(J)"!"6.!"67-82&HJ -U(R#(-86N#XR-+95 ;!+6.6.(=U *`-+h6.o *;!+,D)e!";6.!"67-8
-+9T(?,7!"16.(=M!+,7=+-+6710 !+&<67 &(-I (-+Z&167#X,7E02!+H(22/*9x-+0?!+#X2-+9h?!+,7=+-+6710 -8
 !+6.16.(=2 *J-+9`67{*B  @  @ $\1H(J!"*R-8M(Z0 !+,.,7*J !+6N6.(=2 *J-+9`67{*B
 @M @O
PRc,.!+#CU-+9(6.1&(*/S&(#Xk-+9  G!+&  p#*!+Z\SQ#X-+#X &:\IEU#!+=86.(=R(h 6.0 !" h-+9D(h !+1&!"&
*-+L - \S
5 . /21<3 . 1 /
!,".- 0/
.9 A
PR6Nu6.0 !" ™9@-I#*Hd-8†(™/-+\1!"\56.,.67“E-+9i&6.!"=+*023<-+9?(™“Kh- !+,.=+-+670 ™”‡¢D&(#X-+ 
Õ
T-D#(;!+ $  •;OTPL(UH,.6.(= %  !"6.6.#U#*!+A\SUKR6.  M!+
5
@ ./21 = .1 / @ = ÕJ
% -
1
. /21<3 . 1 /
KL6N#rKTZ#*!+A#X-+=8167{*Z!+J(:F3H1!"U-I-+R-+9V?7 9  !"6N 6.#U6.M˜#*œL0?!"žŸL *O
6./1!"/S*$5KT2!)+XWD/S*6.023!+,.,7EM!+!+,7EI{*&d(H#X-+#X & % !"6. 6.#"$ 6.1#X:6N !"6N 6.#
6.R6NA#*H(3LHZ!+&MKTZKn!+o &u -?&(* *;0 6.(Z-[K \5!+&,7EG(i”b6.#X-+#X;•J6.1&(*/S&(#X!+H0 /67-8
!efS#XL( !+#*#*H!+#XEM-+9V   *O
j(-+0 !+,N,Q!+02/1,.?67{**$(*G!"?XW(!+#Xa)+*67-8Z-+9n\-+^˜u#*œ0 !"žŸa  a!+&]?  :9x-+a(
&6gfS*#XU-+9zKT-?/1-+/S-+67-8T!"L![)+-86.&A? 7 9 !+&M-+0 !+,%!"//1-W(6.0 !"67-81*O

  4 & #) $" 


  ) $ & 8+-#)+


PR(h(XWI !"6. 6N#*!+,o  VKhT#X-86.&*V6.V#*H(3,7E'(h02-8m/S-+/1H,.!"V6.U(T0 !+#6N(c,7!"16.(=L,.6. *!"H(+O


| *67k-+9`”bHH!+,.,.E(•  6.!+,.k6.k#X-8&1H#X & Ok‚a!+#;  6.!+,‡$eR!)"!+6.,.!"\1,7J!+0 /1,7 6.k!+&(-80?,7EZ&67)D6.&(&
6.3 -u!u !+6.6N(=A *  M-+9R!p/#*67B1&_6.{*”@+O›=(O7$Q“E3/16N#*!+,.,7EdzKT-u167&U-+9L(i&!"!o•Z!+&>!A   * SZO
l%!";6.(=G!+,7=+-+670? Y!+& $!"a\S-+p ;!+6.(&u-8 M‰!+&p:H,76.(=i#*,.!+6gB5*L!"a   &-8 SZO
l%*   ”@/#X6.)+,7E+$   •R\SZ(a-+\1 *)+&u/-+/S-+6.-8A-+9`  XW(!+02/1,7'0 6.#*,N!+6gB1&A\3EA!+,7=+-+;670
”@ /S#X67)+,7E $2•T&1H(6.(=: 6.!+, Oc“9VKh !+H02U!"J( &6gfS*#X   5   =    KT* &(![KL
6.&*/1&(o,.EM9x-80 !M-+0 !+,`&6. 67\1H(6.-8 $5dKh #*!+^!"//1,7E¢DH&(3*žŸ   *$V\3Ed#X-802/1H6.(=r(
 !"6.6.#
5  1 .

J
/      1    
!
KL(*  5 1  ! 1    O'&(*a(r3H,N,c3E3/S-+(6N*$k6.a !"6. 6.#r!+! &6. 67\1H(6.-8<KL67 . = Õ
&(*=+*L-+9V9@! *&(-8 " 0AOcj(-+  6.!+,.*$( 3H,N, oEI/S-+(6.J#*!+M\SU‚Š #X &p6.9 @ @ ' 9 D  /2C D+* E 5 ¤ ! +¤ O
PR*U!"Z0 !+3Ei/S-+ 36.!+, &(![KR\1!+#CIJ-+96.J!"/1/-8!+#%Ocjk67 *$(!+J-+\1*)+&A!"\S-[)++$5( 6.A &6.)I6.&1H!+,
&6gfS*#X   KL6.,.,'(-+M![)+]!™(-+0 !+,&6. 67\1H(6.-8 $n\#*!+H1      !+&   !"](-+M6.&*/1&(o*O
¢I#X-8&%$((    žŸR!"Z(-+R6N&(*/S&(3*$3\S#*!+HU(U  L *L6.r(U 6.!+,Nn-[)+*,.!"/š”b!+&r(  ;!+6.6.(=
 *r6.( 6.!+,.?-[)+*,.!"/!+GKT,.,x•;O v<dKL6N,.,R *d\S,7-[K—!"G( )I6.-8,.!"67-8i-+9 (d!+H0 /67-8
H&*,7ED6.(=Z  L#*!+H Z*)+*Z/-+\1,70 T!"L0?!"C+Z6.n LH!"9@U -?H+O

 # 4%$'& (  & <) ))&+* $, 4$ +-


     0 6$ & -8+-#)+


PR6NR  6.L6N&(o6N#*!+,m -G(Z/1*)I6.-8HR-8(aXW(#X*/1!"'6.1  !+&p-+9Q#X-81  H#X6.=?!+#d/5!+67L-+9Q ;!+6.6.(=


!+&d   *U\3E!+&-80 ,7Ep&6.)I6.&16.(= T$mKh 6.1  !+&d!+&(-80?,7Ep&67)D6.&( 46.3 -/.d&6.@Š -86.3' * -+9cFIH!+,
67{*+$ S 1 $VO*OO*$=S,03OJv<:(u#X-8&H#X1.M 6N!+,.*OT‚p!+# 6.!+,‹$1(Z   *'6. S $S!+&p(Z !+6N6.(=  *'6.
(ZH167-8G-+9`!+,.,S-+9V -+(*  S'2#J43657OQPL( !+02  !"6.6.# 6.J#X-802/5H( & O 
PRL!+&()"!+o!"=+-+9 6.c!"//-8!+#;i6.c!"c!+#;G  T*h6.h6.&(*/S&(3k-+9 (L-+**O`sL-tKh*)+*[$(6.
  R 6N,.,1H(f*T9@-80(/-+\5,70 1!"T' ;!+6.6.(=a *J-t)+*,.!"/%O`r! Õ y‡9x-8,.&M#X-8y‡)"!+,.6.&!"67-8%$3!+#;
/1!+67`-+9S !+6N6.(=U *T!"  -+9S(RXW(!+02/1,7OkPL6.k-[)+*;,.!"/i0 ![E/*)+3c6.`!"6. 6.#*!+,1  Q9@-80
-+\!+6.16.(=i!r=+-I-D&u6.0 !" 2-+9c!+0 -8Ho-+9h)e!"6N!"67-8!"Kh-8H,N&u\Sa-+\1 *)+&<6.9`!+#< !+6N6.(=G *
KT*Z#X-802/1,.* ,7EG6N&(*/S&(3h-+9k/*)I67-8H1h ;!+6.6.(=2 *O
PV->6N,.,.H  ;!" p6.?/S-86.o*$#X-86.&(*i(<(!" r(67=83\S-+i!+,7=+-+;670MOY¢DH(//S-8 p-8H(i ;!+6.6.(=^ *
#X-83!+6.nzKT-2#*,.H  *;h-+9V/S-86.o‘!,.!"=+U#*,.H1  *h\S,7-8=86.(=Z --8(U#*,.!+T!+1&G!0?!+,.,5#*,NH  *n\S,7-8(=86.(=
 -p?-+(*#*,.!+*OM‚9nKhi/S*9x-+;0 ! ¤ y‡9@-8,.&^#X-8y‡)"!+,.6.&!"6.-8 $VKTi0aH aH(\ &67)D6.&(a6.  !+6.6.=A&!"!
6.3 - zKT-r&6.@Š -86.3R **On“9`!+,.,%-+9Z/S-86.3R6.M(:0 !+,.,7*#*,.H  *=+-i6.3 - -8(:-+9`(-8  “Kh-r **$5(
\S-+GHT-+9m!" J(67=83\S-+n!+,.=+-+670 KL6.,N,1![)+U,7*)e!" &A*-+n!" *$(\S#*!+H KLi0 !+,.,
#*,.H *Z6.U6.<2  : **$V*)+*Ed/S-86.o 6N<67UKL6.,.,\S 0 6.#*,.!+6gB5& O:v4(_( 0 !+,.,`#*,NH  *Z6.Z6.d(
 !+6.16.(=:**$ -802-+9V67T/S-86.3n0 !Ed”b6.#X-+#X,.E(•c\S !" &A!+J(!" J(6.=8o\S-+h-+9m  R*T/S-86.3*$
KL6N#!+,. -M6.#X!+a*-+!" +" O T-83)+* ,.E+$%679`(20 !+,.,#*,.H *6N*)+1,7Ep&67)D6.&(&p\S*zKT*<(
zKT-:**$o( (R*-+c!" QKL6N,.,D6.02/-t)++$o\S#*!+H J9@-+c!+#;   h/S-86.ok(*RKL6.,.,I\SR! #X-+ /S-8&6.(=


( !"\IEA !+6N6.(=i/-86No!"KL6.,., /1-[)D6.&(a(#X-+#X #*,.!+6gB5#*!"67-8 O#c6.(*Kn!E+$mKh#*!+< *!"(
/S*9@-+0 !+#XU-+9( “Kh-i9x-8,.&1n-+9V(:#X-8y‡)"!+,.6.&!"6.-8rKL6.,.,\SU#X-+,.!" &p!"(*R!+u6.&(*/S&o*O
v<U)+*67B1&G6.hXWI/S*6.0 o!+,.,.E29x-+ Õ
y‡9@-8,.&M#X-8 y‡)e!+,.6N&!"67-8i-8r(Ul%*  *R#X-+=816767-8r!+ Cd”
 -+!+,Q ;!+6.6.(=rXW(!+02/1,7’•6.<!+]XWD/S*6.023KL(*2?3H1,.,`oEI/S-+(6.Kn!+  ;H(p”b&(#X6.\&d\S,7-tK'•;O
v<202!+H(&p(#X-+,N!"67-8d#X-3 i#*6.o\S*zKT*(a&16gf*#X6Np*-+!" -8“Kh-r9@-8,.&RK676.
!#X-8y‡)"!+,.6.&!"6.-8 $    !+&   2 OuPL(?-+\1*)+&>)e!+,.H?Kn!+ O   $hKL6.#;_!+#*#X-+&16.(= -!   26.
67=816gB5#*!+3,7E &6gfS*3h9@-80 KL67  Õ 1 / OhUi'-+*R!+& $(679%'*-+n!"    !+1&   2 !"
&(![KL9x-80—6N&(*/S&(3 Õ y‡9@-8,.&<#X-8y‡)"!+,.6.&1!"67-8”b6‹O›+O7$%-8d6.&(*/S&o'&!"!r *;•;$ (2#X-+,N!"67-8
#X-I i#*673L6. =
A
Õ ! JKL6N#M!+#*#X-+&6N(=2 -?!   6NJ(-+L67=816gB5#*!+3,7E?&6gfS*3J9x-80 {**-(O
 4
   * ) $ & - +-#)+


2 -802L6.1676.!+,3XWI/S*6.0 okKL6.( .3y‡9x-8,N& #X-8y‡)"!+,.6.&1!" &/1!+67&   *$oKTL!"  02/1 &  -Z&(* *;0 6.(
KL3E(  !"6. 6N#JKT!+c -3-a,.!"=+L6N  -802L#*!+*OQPR(LIH02*;!" -+c-+9S(  !"6.6.#J 6.0?!" c(02!+
&6gfS*#Xd6.„(d/S*9@-+0 !+#X-+9Z(d“Kh-ƒ!+,7=+-+;670 d”@-[)+*u(. 9@-8,.&’•;$RKL6.,.p(<&((-80?6.!" -+
 6.0?!" n()"!"6.!+1#X'-+9m( U&6gfS*#X*Okv467r EDo(*6N#&!"!D$(KTU#X-8  H1#X & .G(-8(y‡-[)+*,.!"/1/16.(=
 !+6.16.(=:*J!+&r02!+H(&G(02!+M!+&G)"!"6.!+#X'-8r(-8  !+6N6.(=a **O`v<U9@-8H&i!"nKL6.,7(
)"!"6.!+#XQKn!+m,.67=83,7EH1&(* 6.0?!" &UKL(UQ !+6.6N(=J *%-t)+*,.!"//S& $e(c02!+1 Kh*c-D#*#*!+67-8!+,.,.E
)+*Er/S-3-+;,7E? 6N0 !" & $1!+&A6.JKn!+R( #*!+H1  -+9k(Z,.!"=+ )"!+,.H(OcPR(U/-+\1,70 #*!+A\SU !+#X&p -
(Z#X-+,.!"67-8n\S*“Kh*p(Z&6gfS*3J9x-8,N&J!+L&(#X67\S&r!"\-t)++O
v<U9@-8H&G!"R679mKh*/1,N!+#X&r(U3H0 *!" -+J-+9m(  !"6. 6.#'KL6.i'-+\5 *)+&M&6gfS*#X'9@-80
! F>" '  ( 9@-8,.&<-+9n( .3y‡9@-8,.&_#X-8y‡)e!+,N6.&!"67-8 $m(? !"6.6.#2\S#*!+02 KT,.,gy‡\S![)+& O?PR6NU,7&]HU -u(
$
 W ¤ #X)M/1!+67&   *O
Z16.%  *$+KTc/S*9@-+0  */5,.6.#*!"67-8%-+9 ¤ y‡9x-8,.&a#X-8 y‡)e!+,.6N&!"67-8 OV‚Z!+#*/1,N6.#*!"67-8 $t(T![)e!+6N,.!"\1,7
&!"!!"G!+&(-80 ,.E/5!"6767-8(&^6.3 -pzKT-dF3H1!+,gyz67{*&^ *   1 !+&  9 O h!+#š,7!"6N(=p!+,7=+-+6.0 ” 
-+  $ •J6. !+6.(&u-8!+#< *!+&u   &d-8(a-+(*U **OUPR6.L/-D&H#XR9@-8H('*-+ 6.0?!" *‘    1
!+& ( 1 ”@ !+6.(&™-8  1 !+&™  & -8  9 •!+&   9 !+1&  9 ”@ !+6.&™-8  9 !+1&™   &ƒ-8  1 •;O
¢DH(\1 !+#X6.(=2#X-+/-81&6.(=*-+J6.0 !" R=86.)+LHJ“Kh-i 6.0 !" &p&6gfS*#X   1 5    1 =   1 !+&
  9 5   9 =   9 O`j(-80 ( zKT-a&67f*1#X*$8(R6.0 !" &i)e!"6N!+#XL6. ! 9 5}”   1 =  • 9 3 ”   9 =  • 9 $
KL(*  5”   1 3   9 0• : ¤ OUl%* ! 9 \:(a)e!"6N!+#Xa#X-80 /1H( &u9x-80q( ‹y‡*/1,.6N#*!"67-8 $5!+1&u,7* 1 1
\SU(   1 9@-80 (U)+*EiB5 J-+9 (UB1)+U*/5,.6.#*!"67-8OkPL(A&(XB5' 9x-8,N,7-[KL6N(=2 !"6. 6.#

5 1 1
1E  E 1 ! 9 J
 


" 
KL6N#UKTcKL6N,.,+#*!+,.,+(  W ¤ #X)   !"6N 6.#"Ov<T#*,.!+6N0!"VH1&(*%(h3H,N,+oEI/S-+(6.*$  !+V!"/1/-W(6.0 !" ,.E
! &6.  ;67\1H(67-8iKL67  &*=+*R-+9k9@*&(-80MOQPR !"=8H023R=+-IL!+R9@-8,.,7-tKL*O
lm* 4\SR!Z !+1&!"&?-+0 !+,(!+1&(-80Y)"!"6.!"\1,.R!+& $†\SR!?7 9 !+&-80})e!";6.!"\1,7RK67 . = &(*=+* Õ
-+9k9x*&(-80MOQPR(r\IEM&(XB56.67-8 $I(ZFIH!+o6.zE
 Õ
& $ :D” . = Օ ” •

!+R! &6N  67\1H67-8?K67 . = Õ


&(*=+*L-+9k9x*&-80679 †!+& $!":6.&(*/S&(3*O
PRGHH!+,  !"6. 6.#r6.a&(*6.)+&^\IE_ !"6.(=KL67>!*a-+9!+&(-80ˆ)"!"6.!"\1,7  1 J  ! 1!)D6.(=
!A(-+;0 !+,Q&6. 67\1H(6.-8pKL6.]02!+  !+1&<)e!";6.!+#X 9"O?lm*  5 1   \S2(?!+02/1A A ,7 A 02!+^!+&
 9 5  <”  = ]• 9 \SU( H0-+9FIH!"&p&(*)I6N!"67-8n9@-80 (Z0 !!+ OQ PR( A&XB5(
 
 5 1
. ” = V•0:


$ 5  9: 9
A
Õ
v<,.,gy‡CD(-tKL<H1,79x-80 /-+\1!"\56.,.67“EA(*-+Ed !" ?1!" ‰1!+ !A !+&1!"&](-+0?!+,`&6.  6.\1H(67-8!+&
Õ
$ !+R! 7<9'&6. 67\1H(6.-8 KL67 . = &(*=+*R-+9V9@*&(-80MOQ| 02-+U0 !"C"!"\1,7H,.h9@-80/-+\5!"\16.,.67“E
(*-+Ei6.T!"  !+& $Y!"U!+,. -6.&*/1&(o*$3/-t)I6.&&?('-+67=86N!+,  žŸTKh*&!KLG9@-80 !a-+0 !+,
&6. 67\1H(6.-8 OVs#X+$1KT #*!+A/5,.H(=(06.3 - hF3H!"6.-8]” •J!+J9@-8,.,7-tKL*‘  Õ

5 & $ D: ” . = Օ
1
. ” = V•0:
Օ•

5 & 9 :D” 9  ”. =
1
. ” = V•
ՕA

5 &  9 D: ” . =
PR6Nn=867)+J(ZH1H!+, &(XB516767-8G-+9V !"6. 6.#KL  5 O
v<<#*!+#X-8  ;H#X  \3E !+1!+,7-+=+E!+G9@-8,.,7-[K*O '&(*r(dIH,.,L3EI/-+6.*$J(dIH02*!" -+M-+9  $
 1
1 $n6.2(p&16gf*#XM-+9zKT-^6.&(36.#*!+,.,.E^&6. 67\1H( &^/-+/S-+6.-8*$h-]Khu#*!+ !"9@,7E> !"i67 !+i!+
!"//-W(6.0 !" ,7Ep-+0 !+,V!+&(-80—)"!"6.!"\1,7:KL67u{**-M02!+<!+&dH(CD(-tKLu!+&!"&&(*)D6.!"67-8 ^6.9Q(
H&*,7ED6.(=Z  *R#X-83!+6.(&u!"L,7!+  /-86No*OQs#X+$1,.*  5 1 1 : kO
|',. -ZH1&(*Q('3H1,.,(oEI/S-+(6.$ ! 9 : 9!+c! 7<9R&6N  67\1H67-8ZK67 &*=+*-+9S9@*&(-80 679Kh'0 !"C+ Õ
(U!+&&6.67-8!+,!+H02/167-8G!"  1 !+ &  9 !" 6.&(*/S&(3*OkPR6.T!+H0 /67-8G6.n9@!+,N +$(!+nKh ![)+
 *M!"\S-[)++$(\S#*!+H('“Kh- &16gf *#Xy‡ -+9xy‡/-+/S-+67-8h!"U02!+H(&i-8G(-+//S-86. 9@-8,.&h-+9m! ¤ y
9@-8,.&?#X-8y‡)e!+,N6.&!"67-8 Oc¢I6N,.,‹$+('!+H02/167-8 -+9%6.1&(*/S&(#XR6.c/-+\1!"\5,7E202-+!"/1/-+/6N!" R9x-+ ¤ y‡9@-8,.&
Õ
#X-8 y‡)e!+,.6N&!"67-8d!+d9@-+ y‡9@-8,.&]#X-8 y‡)e!+,.6N&!"67-8 $ \S#*!+H  6Nd( ¤ y‡9x-8,N&]#*!+ +$m2 !+6.6.=G *:!"
#X-802/1,.* ,7EG-8Dy‡-[)+*,N!"//16.(=A”b!+&%$1!+R!+,7Kn!EDL6.M#X-8y‡)"!+,.6.&!"67-8%$((U  *R!"Z(-8(y‡-[)+*,.!"/1/16.(=3•;O
”@v<Z#;(-8  ¤ y‡9@-8,.&M#X-8 y‡)e!+,.6N&!"67-8G\S#*!+H U67n=867)+R,.!"=+' R *R!+&M&6N@Š-86Noh !+6.6.=a *OQPR(
,.!"=+r  i * 6.(*&(& $c\#*!+H1 MKhA!"G-81,7E^H6.(=-8(r/1!+67&š&6gfS*#X  1 1 6.  O>PRr&16.@Š -86.o
 !+6.16.(=  *T(,7/G0 !"C+   1 !+&   9 02-+'6.&(*/S&(3*OV|&!KR\5!+#C$3-+9%#X-8H(; +$I6NQ!"T(,.!"6.(=
!+,7=+-+6.0 `!"J !+6N(&-82  !+6.16.(=  *Q!+,795-+95R67{*J-+9(J !+6.6N(='*`9x-+cKL6.#; $8H&(* ¡ H 67-8
$KTZ **Cr(67J,.!"67)+ /S*9@-+0 !+#X+O •
v<2#X-8H,.& *#  $ 5 ! 9 1 : 9 $5\5H(LKLpKT:  &u16.LXWD/S*6.023!+,.,7E+$5Kha9@-8H&u!":H,76.(=
 6.0?!" T-+95(n)e!";6.!+#XnKT!+k)+*E:(-86.E+$8!+&a-+9x {**-(Ok6.0 6.,N!"V67H1!"67-8*$"-+(*`1!)+J9@-8H&:!"
#X-80:\16.6.=M(?H,7 -+9R0aH,76./1,72#X-8y‡)"!+,.6.&1!"67-8 #*!+>(,7/> !"\16.,.6.{* !+_ 6N0 !" +$` -pKT?/S*9@-+0
B1)+ ¤ y‡9@-8,.&A#X-8y‡)"!+,.6.&!"67-81J!+&A&(XB5
E
$ 5  9 9
1 
!
A
"
‚9kKha!+H02:!"L 9 9x-80!+# ¤ y‡9@-8,.&p#X-8y‡)"!+,.6.&!"67-8u!":6N&(*/S&(3n-+9`!+#-+(*$5(
$Ž6.Z(iH0 -+9  6.&(*/S& oU!+1&(-80 )"!"6.!"\5,7 !+#;>1!)D6.(=u! 7<9i&6.  6.\1H(67-8KL67 Õ &*=+*i-+9
!

9@*&(-80MOT  E( H0 0?!"67-8d/-+/S*“Ep-+9n( 7<9&6N  67\1H67-8 $6.U02!+ $q!+Z! 7<92&6. 67\1H(6.-8
KL67  &(*=+*a-+9R9@*&(-80MOPR6.:,.!+ 6.&(*/S&(1#X !+H02/167-8^6NZ!+,. -9b!+,. +$`\S#*!+H i!+# ¤ y‡9@-8,.&
#X-8 y‡)e!+,.6N&!"67-86.k#X-802/1H( &9@-80†(J!+0 J !+6.6.=&!"!DO`s-[KT*)+*$3XWD/S*6.023!+,I  Q-[KT&!"
6.J6NJ( ,7!+ L/-+\1,70?!"6.#'-+9U)e!"6.-8HR6.&*/1&(#X!+H02/167-8nH&(*;,7EI6N(=:  W ¤ #X)M  *O
jk6.!+,N,7E+$1 -rH c  FIH!"67-8š” Õ •;$KT0:H'0 !"C+a(!+H0 /67-8A1!"(a)"!"6.!+#X: 6.0 !"  !"
6.&*/1&(o2-+9 (1 1 O PL6.?0aH ?\!+H0 &€”@!"(*G!+/-t)+&!+r6.™uHH1!+, &6. 67\1H( 6.-8
!

&(*6.)e!"67-8•;$ \#*!+H1 2Kh !" H6.(=G-8,7Eu-8(2-+9T(2-+\1 *)+&_&6gfS*#X-+9T/-+/S-+67-8'!"*U!+


(d02!+„-+9Z!+,.,-+9 (-+\1 *)+&4&67f*1#X*O |'r&6.#*H1 & !"\S-t)++$L(d02!+4&6gfS*#X &i -
-[)+* 6.0 !" :( H(U&6gfS*#X+$D\S#*!+H U-+9V( ,.!+#CG-+9V6N&(*/S&(#X\S*zKT*M( &6gfS*3n9x-8,.&1h-+9
(Z#X-8y‡)"!+,.6.&!"67-8%O

Õ¤Õ

• •
4


••
••
•••••••••••
••••
•••••••
•••••
2

•••
••••••
•••••
Observed t value

•••

•••••
•••
•••••
••••

••••••
••••••
0

••••••

••••
••••••
•••••
••••••••

•••••••
•••
-2

•••
•••••
•••••••
•••••
••
• ••

-4

• • • •

-6 -4 -2 0 2 4 6
Predicted t value (based on quantile)

jk67=8H( ¤ ‘ ¡ ¡ /5,7-+U#X-802/1!"6.=?(2&6. 67\1H(6.-8M-+9 $ Õ


)"!+,.H('-+9   -M(:)"!+,.H('(*E(-8H,N&u![)+
H&*:! &6.  6.\1H(67-8dKL6.  &*=+*a-+9R9x*&(-80MOu|',.,c/-86NoZKh-8H,N&]9b!+,.,Q-8^(r,.6.( 5P0™679J(
&6. 67\1H(6.-8h0?!"#(& O

v467A!+,.,S-+9k(Z!+H0 /67-8*$DKT #*!+A/1,NH(=26.r - cFIH!"67-8^” •T - -+\!+6.  O Õ


lm*:H H0 0 !"6.{*2(?!+H102/67-8U!+1&]!"//-[WD6N0 !"67-8 6No)+-8,7)+&^6.<6NU&(*67)"!"67-8 OGj6. *$%KT
02/1,.-[Er(Z(-+;0 !+,%!"//-W(6.0 !"67-8M -i( \16N(-80 6.!+, &6N  67\1H67-8 Oc¢I#X-8& $5Kh:!+H02Z/1!+67KL6N U6.&(Xy
/S&(#X-+9  1 !+&  9 9@-+ !+,., O2PR67;& $5KT?!+H0226.&(*/S&#X:\S*“Kh*< ! žŸ*O2jk6.!+,.,7E+$SKT
!+H102 6.&(*/S &#X\S *“Kh*p(ZIH02*!" -+L!+1&A&((-80 6N!" -+R-+9(   !"6. 6.#"O 
LKn!E? -*)"!+,.H!" '(  W ¤ #X)G !"6. 6.#XWD/*;6.023!+,.,7E26.h -0?!"C+'!FIH!+o6N,7XyzF3H1!+o6.,.R/1,7-+” ¡ ¡
/1,7-+;•;$!+J(-[KLM6NGjk67=8H ¤ OhPR( ¡ ¡ /1,7-+J(-tKL $ Õ
#X-802/5H( &r)e!+,NH(n-+9m(  W ¤ #X)r !"6. 6.#9@-+R!
#*!+ KL(*L('3H,N,13E3/S-+(6Nc6.cCI(-tKLi -!"/1/1,7EA”@(#   Z!+ C?!+n&(#X6.\& \,.-[K'•;O`PV-:=+(*;!" 
! ¡ ¡ /1,7-+*$`( $ Õ )"!+,.H(a!"M -+ &š!+&š!+67=8&^FIH!+36.,7M”b6‹O›+O7$Q(6.:!+C_6.^(G-+ &š,.6. 
&67)D6.&(&A\3E $Õ •;O PRp(6.3)+* a#*H0:H1,.!"67)+ &6.  6.\1H(67-8]”@KL6.  &(*=+*-+9`9@*&(-80i•L6.'H &
 -2#X-802/1H( 9@-+n!+#AFIH!+36.,7+$I()"!+,.H('!"J! yz&16.  67\5H( & !+1&(-80 )"!"6.!"\5,7KT-8H,.&G![)+'!"C+p679%67
!+&d!+&!"!+(CO PR6NL)"!+,.H(a\S#X-802(  0_#X-I-+&6.!" +$ !+&(-+6.=86.!+,V)e!+,.H  \S#X-802
#X-I-+&6.!" +O`r-+(*RKT-+&$(9x-+R!+#;A-+\1*)+&M/S-86.3*$I\5!+ &r-8A67n-+&16.!+,/S-86767-8GKL6716.? $ Õ
/S-86.3*$%KT?#*!+_#X-802/5H(  KL!"Z)e!+,.H 67Z(-8H1,.&d!)+G!+&]679T( $ Õ
/S-86.oU1!+&<\S*< H,7Ed&(![KL
9@-80‰! &6N  67\1H67-8 O%‚9 ( $ Õ /-86NoT!)+U! &6.  ;67\1H(67-8K67  &(*=+*T-+9%9@*&(-80A$3(G(*E

Õ¤
 (-8H1,.&r,.67-8M( ,.6N( 5O0VOQPR(B1=8H((-[KLL!9@!+67;,7E =+-I-I&rB5J - ( ,.6.+Oks-[KT*)+*$!"R(U!+6.,.n-+9
(Z&16.  67\5H(67-8 $  6.J-802*KL!"L0 -+ #X-8 *)"!"67)+:!+A67R-8H,.&G\S+O
H'#;(-86.#Xa-+9`B1)+*/1,.6N#*!"67-8R-+9h#X-8y‡)"!+,.6.&!"6.-8p6.'(-+!"\167 !"E+O QWI/1,.-+!" -+EA H&167(-[KT&
!"MH6N(=]9@*Kh*r-+A02-+!+B1)+*/1,.6N#*!"67-8?6N#X!+ &(d6. Cš-+9aPcEI/Sp *-+O |Ž/-867\1,7
XWD/1,.!+!"67-8 9x-+h6.`6.`1!"c(*!"RzKT-:#X-80 /*6N(= /-+\5,70 *OVv„67?9x*KT*c*/1,.6.#*!"67-81*$+(L(-86N R6.
(n02!+H(02o-+9( ! žŸ\S#X-802 -8H(\1,7-802+OVv467a02-+T*/1,.6N#*!"67-8*$t(T,N!+#C -+916N&(*/S&(#X
!+02-8(=( ! žŸT\S#X-802n  -8H\1,7 -802+O`v4(*(*TB1)+U6.T(\S T)e!+,NH(9@-+n(U3H10Z\S*T-+9m*/1,N6.#*!"67-8
6.J!+p-+/MFIH(  6.-8 O
PR16.%#X-802/1,.* V-8HV&(#X;67/67-8U-+9(cB1)+T !"6. 6N#*!+,o  -+9((T3H1,.,83E3/S-+(6N%!"VzKT-,.!"6.(=
!+,7=+-+6.0 T!)+U(!+02*-+T;!" '-8r!a=867)+G/S-+/1H,.!"6.-8u”@\1!+ &r-8r!!+02/5,7L-+9V!"n/-+/5H,.!"67-85•;O

: qTATS QQ%A c'   


v<(-[K H(p -G!+uXWI/S*6N02o!+,m*)e!+,NH!"67-8A-+9c(  B5)+:02*(-D&*OPR( /1H/S-8 U-+9Q(a6.0aH,.!"67-8
Kn!+R -?02!+H( (Z/-+\1!"\16N,.67zE?-+9PhE3/SUn*-+L-+9 !+,7=+-+670?*Oc| PcEI/SUT*-+R-D#*#*H(JKLM(
IH,.,Q3E3/S-+(6.Z6.: H(d”b6‹O›+O7$`(*r6.:(-&16gf*#X?\S*zKT*>(?“Kh-<,7!";6.(=p!+,.=+-+670 ’•U!+&^(
,7!"16.(=2!+,7=+-+6710‚Š#XL(ZIH,.,S3E3/S-+(6N*O
PV-?02!+H (U/-+\1!"\16.,.6.zE -+9`PhE3/SUT*-+$KTZ#X-8 H#X &A -80 Z6.0aH,.!" &A,.!"6.(=a/-+\5,70 *O
PV- H&(*; !+&„( ]/1-+\1,70 $67A6.MH1 *9@H1, -™6.(C„!"\1  !+#X,7E!"\S-8H(M(<\S![)I6.-+M-+9,.!"6.(=
!+,7=+-+6.0 *O

#4  "  $ +   + 6 4$ * &  $'&  $, & + 6" )


T-86.&(*!i/S-+/1H1,.!"67-8u-+9 &1!"!r/-86No'!+&<H(/1/-8Z!"U( !+6N6.(=G * 67{*6.BWD& OZPR(9@-+
       

! =86.)+u,7!";6.(= !+,7=+-+;670:$S&(XB5( h”<0 •n -G\Z(Z/-+\1!"\16.,.6.zEG!"L(a#*,.!+67B1*L/-I&H1#X&M\3E 


KL(A !+6.(&M-8!2!+1&(-80 ,7E3yz&(![KLr !+6.6N(=  *:”@-+9`(ZBWD&A67{*t•JKL6.,.,S0 6.#*,.!+679@E 0VOh‚9 T”<0S• 5 $
( 0š6. !+,.KT![EI:#X-+#X,7E]#*,.!+6gB1&d\IE#*,N!+6gB1*;U/-D&H#X&d\IE :O?‚9  ”<0S• 5 Õ $m 0š6.U!+,7Kn!ED

(-tKLa(M02!+H(&^)"!+,.H(a-+9[ ”<0 •U9@-+2!/-+/5H,.!"67-8_-+9 3$  /S-86.o:KL67^ /S#Xa -


0 6.#*,.!+6gB5& O
jk67=8H(
(  !(O  &(#*6N67-8 * !+,7=+-+6.0 ” ¡ H6.,N!+ $ Õ •U !+6.(&-8d!+1&(-80 ,7E3yz&(![KLp ;!+6.6.(=r *-+9 Õ
XW(!+02/1,7*OPR(2/S-86.3'Kh*? -+ &d\IEu67U  )"!+,.H(*O67)+d  )"!+,.H(*$mKh #X-8H,N&<6.0aH,.!" (
\S!)D67-+n-+9  !(O  -8M!!+&(-80?,7E?&(![KLr  R *J-+9V/S-86.on\IE?!"CD6.(=!+#;A/S-86.3 0p!+1&M0 6.#*,.!+679@EI6.=
67`KL6./-+\1!"\16N,.67zEt ”<0S•;OQPR16.Kh-8H,N&2(-+`XWD!+#X,.Ea*/-D&H#Xn(R\S![)I67-+`-+9  !(O  $3\#*!+H1 L67`!+H102
!"(20 6.#*,.!+6gB#*!"67-8p*-+0 !+&(\IE  !(O  !"26.1&(*/S&(3L9@-+'!+#;<  UXW(!+02/1,7+$ K(*!+6.
9b!+#Xi(d#*,.!+6gB5#*!"67-8?-+9 &!"!^/-86Noi!"r!"u#*,7-8u -+=+*(*MK6.,.,n & -^\S67=8,7Eš#X-+,N!" & O
s-[KT*)+*$V16.6.0aH,.!" &  !(O  /-I#X&H:KT-8H,.&d![)+ (2!+02 ![)+*!"=+?*-+U!" ?!+(2!+, !(O 
!+,7=+-+6.0M$!+&M67JK6.,.,XWD167\167J!26.0?6.,.!"J&(*=+* -+9k)"!"6.!"67-8r9@-80 -8 !+&(-80 ;6.!+,  - ( XWI*O

 
v< #*!+M6N0:H,N!" ',7!";6.(=!+,7=+-+6710 cK67G)e!"6.-8HT/-+/S*67h\3Ei&(XB56.=:!/S-+/1H,.!"6.-8 -+9m/S-86.3
 !+&r!+67=86.(=!a)e!+,NH( t<” 0S•c -2!+#A/-86No*Ok‚9%KhKn!+oR!,7!";6.(=a!+,7=+-+670  -2![)+ 67=8G)e!";6.!+#X+$
KTZ#*!+p!+67=8M)"!+,.H(J-+9 (!" O  $5KL6.#;M6.J( )"!+,.H(U=86.)I6.=2(Z0 !eW(6.0aH0)e!";6.!+#X 9@-+L! \56.(-80 6.!+,


!+&-80})e!";6.!"\1,7+OV“9KhLKT!+3QzKT-:,.!"6.(=!+,7=+-+6.0 ` -Z1!)+R(!+02J*-+c!" R-82(L/-+/5H,.!"67-8 $
KTZ#*!+AH(!"R(:!)+*!"=+a)e!+,NH(-+9 R-[)+*'(U/S-+/1H,.!"6.-8W  ˆ6.J !+02 9@-+R\S-+A!+,7=+-+6.0 *O
Z-8H H1&67*$eKhTKn!+o & -#X-8  H1#X6N0:H,N!" &:,7!";6.(=R/1-+\1,70 %!"kKh-8H,N& /-t)I6N&(h
! Kh-+; y
#*!+  ?9x-+-8H( !"6N 6.#*!+,   OTPV-i!+#*#X-802/5,.6.M16.*$(KTZ -8H(=83L -?0?!eWD6.0?67{* ( “Kh-G0 !+6.A-8H(#XR-+9
!+&-80 )"!"6.!"67-8%‘)"!"6.!"6.-8?H,76.(=Z9x-80 (#-86.#X-+9%  J&!"! *J!+&i)e!";6.!"67-8iH,76N(= 9@-80
(a#(-86.#Xa-+9` !+6.16.(=  **OJv<67=8(-+&A(a6.H(Z-+9Q#*,.!+6gB#*!"67-8A(-86.+O h#*!+H1 a6.L!ef#X ;!+6.6.(=
!+&u  U&!"!GF3H1!+,.,7E+$S67'#*!+\S:6N#X-+/S-+!" &6.o -G(-[)+*;!+,.,*-+'!" +OUv<2!+,. -r67=8(-+&6.3 *!+,

Õ
1

0.9

0.8

0.7
epsilon(x) for C4.5

0.6

0.5

0.4

0.3

0.2

0.1

0
0 1000 2000 3000 4000 5000 6000 7000 8000
Data Point x

jk67=8H 
‘c˜u!+H(&M)"!+,.H(R-+9  C E ”<0 •T9@-+!/S-+/1H,.!"6.-8i-+9  &!"!2/S-86.3*O

!+&-80 (6.(2,7!"16.(=r!+,7=+-+670?*$ 6.#X6.'KL6N,.,m0 !+1679x6. ,79c6.(2!+0 2KT![E!+U ;!+6.6.(=

    
 *R)"!"6.!+1#X\3Er#*!+H6N(=2( !+02:,7!"6.=!+,.=+-+670 - /1-I&1H#X &6gfS*3n#*,N!+6gB1*;*O
j(-+L  n-+9VPhE3/S'Q*-+[$IKTU&(67=8&i“Kh- *n-+9 T)"!+,.H(*‘ T”<0S•c9@-+R!+,7=+-+670  !+1& R”<0S•c9@-+
!+,7=+-+6.0 'O8v<L !"\5,.6.(&2! !"=+*Q*-+c!"  c!+& #-8 R-8,7EazKT-Z&6N 6.#Xk)"!+,.H(` -ZH1 J9x-+ h”<0 •
   
!+& J<” 0 •;‘ 1 !+1& OUv<=+(*!" &<!G/S-+/1H,.!"67-8p-+9c/S-86.3*Oj(-+U(aB1 !+,79`-+9c(/-+/5H,.!"67-8 $
KT'!+67=8(& 9 T<” 0S 
• 5 9 1 n!+1& R<” 0S• 5 *O`j(-+J('0 !+6.16.(=:1!+,79 -+9%('/S-+/1H,.!"67-8%$8Kh*)+*; &G6.

!+&d!+6.=8(&  <” 0    
• 5 9  !+&  <” 0 • 5 9 1 *OUjk67=8H( !M(-tKL'6.'#X-8DB1=8H(;!"67-8p-+9 ')e!+,NH(*OPR(67{*
-+9Q(a/S-+/1H,.!"6.-8p6.'679 ,.*)e!+3*$5\S#*!+HZ9 KT!"a!+0 /1,.6.(=?KL67u*/1,.!+#X023!+&p*a!"a-81,7EMzKT-
CD6.&'-+9T/-86No*OaPR( 6.0 /-+!+o'6.(=M6.1!"U(2/S-+/1H,.!"67-8d6.'*)+,.E&6.)I6.&&p\S*zKT*<( zKT-
CD6.&T-+9k !+6.6N(=/-86No*O

PRZXfS#X-+9Q16.L6.L!"L!+#;<!+,7=+-+6710 !+'!+p-t)+*!+,.,V*-+'!" Z-+9 *$5!+1&p!+#;!+,.=+-+670q!+
(2!+022 -+!+,Q)e!"6N!+#X+O:s-[KT*)+*$9x-+ !+3Ep=867)+]  UXWD!+0 /1,7+$ (2!+,7=+-+6.0 !)+?)+*Eu&67f*3
*-+Z!" *OiPL6.U0 !"C+:(2XfS#X:-+9T( !+1&(-80Ž#-86.#X -+9n  :&1!"!A * )+*Ed!"/1/1!"3*O?&(*& $
H,.(p i&!"!^ *?6.2XW(!+#X,7E™FIH!+,.,7Eš&67)D6.&(&š\S*“Kh* (AB1;  !+,79'-+9(p/S-+/1H,N!"67-8™!+&
(a #X-8&!+,79-+9`(Z/S-+/1H,N!"67-8 $((*:KL6.,.,S\SZ!+!"//1!"o'!+&()e!+3!"=+a9x-+'-8(:!+,.=+-+670 -[)+*(

 
-+(*OH(  !"6N 6.#*!+,J  iKL6.,N,T*&™ -_!)+-86N&ƒ\S6.(=d9@-3-8,7&ƒ\3Eš6.2!"/1/1!"3?&6gfS*#XA6.š*-+
!" *O `WD/S*6.023!+,k02!+H(0 o:#X-8DB102&]!" ( i#(-86.#XZ-+9 c<” 0 •U!+& R<” 0S•&16.&d(2\S 

  Õ
Š -+\ -+96.0:H1,7!+(*-8H,.EZ0 !eW(6.0 67{6.=KL6.6.Dyz!+,7=+-+;670 )e!";6.!+#XR!+&\S*zKT*Dyz!+,7=+-+;670Y)"!"6.!"6.-8KL6.,7


!+,7(-8H=8MKh:!+,. - 6.3)+ 67=8!" & 5
A
¤ $ 5
A

!+#167*)I6N(=(J&(67&a-t)+*!+,.,D*-+`;!" J-+9 *O202-8 k-+95-8HXWD/S*6.023*$+KTJH &2!')e!+,NH(n-+9 5
$S!+& 5
A
! O A
$

Õ!
0.25

0.2

Algorithm B
0.15
epsilon(x)

0.1

0.05
Algorithm A

1 N/2 N
Data Point x

jk67=8H(!(‘ 
 67=8(&A)"!+,.H(n-+9 h ”<0S•J!+&  R”<0 •T9@-+L!+M-[)+*;!+,.,%*-+R!"  -+9 5 A Õ O

#4 +-$ 4 ) ?+ 6 ) "    $ +  8$  )+-$ + ) +  $ + ) +


 

c!+#;46.0aH,.!"67-86.i&167)I6N&(&ƒ6.3 ->!> *6.?-+9 Õ  6N!+,.*O !+#4 6.!+,‡$R!^&!"!> *  -+9Z67{*


6.G!+&-80 ,7Eƒ&(![KLKL67*/1,.!+#X023M!+&„(!+!+,7EI{*&4H6.=_!+# -+9 (B1)+< !"6. 6N#*!+, 
&(#X;67\S&]!"\S-[)++OAPR(?=+-8!+,h6.Z -u02!+H(??/-+/S-+6.-8<-+9n 6.!+,.:6.<KL6N#<(G3H1,.,Q3E3/S-+(6N 6.
‚Š #X & O
j(-+c(nB1 zKT-   $o˜u#*œ0 !"žŸc  Q!+&(J(-+;0 !+,I  `9x-+`R&6gfS*#Xn-+91“Kh- /1-+/S-+67-8*$
(a&!"!? *  ƒ6NR!+&-80 ,7Er&67)D6.&(&M6.3 -?!  ;!+6.6.(= *D  M #X-83!+6.6N(= zKT-G67&n-+9  !+&u!   ' *
S #X-8o!+6N6.(=a(0 !+6.16.(=Z-86.&?-+9 TOQPR(' !+6.16.(=:*n6Nh67=8-+& $D\S#*!+H 'KhU&(-2(-+n!+#XH!+,.,7E
XWD#*H( u,7!";6.(=]!+,7=+-+;670 *O !"(*$Rp/S*9@-+0 !+#XA-+9Z!+#4!+,7=+-+6710 -8(p  r *r6.

|}!+1&(-80 3H0:\S*6.u(!+(=+, Õ   $ •'6.'&(![KL O'“9c6.'6.',7!+  <” 0S•;$ (?



6.0aH,.!" &u\IEp#*,.!+6.9xED6.(=i!+#d  XW(!+02/1,7 0]!+&-80 ,7EM!+#*#X-+&6.=G -M67')"!+,.H(:-+9 T<” 0S•!+& J<” 0 •;O
 
 0]6.'#X-86N&(*&u -G\S
0 6.#*,.!+6gB5& \IEi!+,7=+-+6.0 :Oc| #X-8&r!+&(-80IH0:\*n6.n&(![KL $(!+Q
 & 0A6.n#X-86N&(*&r0 6.#*,N!+6gB1&
\IE>!+,7=+-+;670 $ 679'!" 3H10Z\S*?6.2,.!+ J<” 0S•;O PL(MH,.-+9' A#*,.!+67B5#*!"67-8 !"M(
/-D#X &ƒ\3E>(A!"//-+/6.!" A !"6N 6.#*!+,J  *O|,.,n  KT*M/S*9x-+;02&™H6.= ¤ yz6.&(&š  ?KL67
#X-8DB5&#X ,7*)+, O
j(-+`h!+02/1A ,7&Z/1!+67&   *$86N%/-D#X-+9!+1&(-80 ,7EU /1,N67 6.(=RT&!"!' * pzKT-"y‡67& t-8(Xy
67;&JKn!+L*/S!" & 6.0 *O c!+#;p   *KT!+'#*,.!+67B1&A!+'&(#X67\S&A6NM(Z/1*)I6.-8HJ/1!"!"=+;!"/1 O
PR( &6gfS*#X:6.<(?*-+Z;!" Z-+9J(?zKT-!+,7=+-+;670 UKT*G#X-8,.,7#X &_!+1&]02/1,.-[E+&>6.<(
  *O
j(-+n( .3y‡9@-8,.&?#X-8y‡)e!+,N6.&!" &i/1!+67&   *$D(&!"!a * <Kn!+n&67)D6.&(& 6No - .R5 Õ ;!+&(-80 H(\(y
Õ
 *T-+9mFIH!+,67{*+O h!+#G-+9m(   J *nKT!+T(r#*,.!+6gB1&?\3E \S-+G!+,7=+-+6710 hH16.(=:(;!+&(-80
/-D#X&H(:&(#X;67\S&u!"\S-[)++O:sL-tKh*)+*$V&H(6.= (2#*,.!+67B5#*!"67-8u/-D#X*$S -A6.0aH,.!" :!+&(-80—)"!"6.!ey
67-8M6.G(UFIH!+,.67“E?-+9V!+#M !+6N6.(= **$(KTU=+(*!" &A!!+1&(-80 )e!+,.H  ]6NiU!+(=+  = 8¤ J 3 8¤
A A
Õ
0.3

0.25
Probability of Type 1 Error

0.2

0.15

0.1

0.05

0
McNemar Prop Test Resampled t Xval t 5x2cv t

j 67=8H(  ‘hQ-+\1!"\56.,.67“E -+9`PcEI/SUh*-+R9x-+L!+# !"6. 6.#*!+,%  *OhPRU9x-8H(!+&eŠ !+#X3R\1!";J9x-+L!+#u  


k
 Õ
*/ o(a/-+\5!"\16.,.67“Er-+9hPhE3/SaR*-+9@-+ 5 O $ O ¤ $ O $m!+& O ! O c-+'\1!"(-tK 
#X-8DB5&#XL6.3 *)"!+,.k9x-+h( R/1-+\1!"\16.,N6767*O%PRL(-+67{*-83!+,,.6N(J(-[K`(R!"=+*h/-+\1!"\56.,.67“E -+9 O  O

 
+! &A!+&1&(&A6Nn)e!+,.H _ - *)+*E h”<0 •n!+& J”<0S•J\S*9x-+U=+*!"6.(=i(Z#*,.!+6gB5#*!"67-8OcPR(UH,7
-+9k( #*,.!+6gB5#*!"67-8nKT* A#X-8,.,7#X &u!+&AH(\(Š#X &M -?(   *O
j(-+T(  W ¤ #X)   *$3B1)+R*/1,.6.#*!"67-81`-+9 ¤ y‡9x-8,.&i#X-8y‡)"!+,.6.&1!"67-82KT*R/S*9@-+02& $o!+1& (  !"6N 6.#
Kn!+L#X-8  ;H#X &A!+L&#X67\S&r!"\S-[)++O
‚h6.h6.02/S-+!+3` -a-+ L!"h6.QXWD/S*6.023c&(-Ic-+h6.0aH,.!" L !+6.6.=  *c)"!"6.!+#X+O` /5!"6.#*HDy
,.!"$I67c&(-IT(-+h02-D&(,(LXfS#Xh-+9 -t)+*,.!"//16N(=  !+6.16.(=  *T-8 L\S!)D67-+h-+9 (#X-8y‡)e!+,N6.&!" &
  Q-+h(  W ¤ #X)2  *O`v<RKL6.,N,I#X-+#Xc6N`(-+#X-80 6N(=U\S,7-[Kƒ6.-8HQXWI/S*6N02okK672!+,,.!"6.(=
!+,7=+-+6.0 *O

 T  
jk67=8H(  (-[KL'(a/-+\5!"\16.,.67“Ei-+9h0 !"CI6N(=i!GPcEI/SZJ*-+'9@-+'!+#d-+9Q(:B1)+a/-D#X&H(LKL(u(
&!"! * š#X-83!+6. 
XWD!+0 /1,7J!+&M -[)+*!+,N, *-+R;!"  JKn!+J)"!"67&M9@-80 Õ
O  - O! O
PJKT-r-+9h:B5)+a  !)+ !r/1-+\1!"\16.,N67zEr-+9nPcEI/S:*-+U!"XW(#X*&U(2!"=+*U)"!+,.H(-+9 O  ‘
(?&16gf*#XXy‡-+9Ny‡/1-+/S-+67-8U :!+&< !+02/5,7&   *OMPR(20?!+6.6.(=M :![)+i!+#*#X*/!"\5,7
/-+\5!"\16.,.67“E -+9k0 !"CI6N(= ! PhE3/SUT*-+L!+#*#X-+&16.(=2 - 6NR6.0aH,.!"67-8%O
PR !+02/5,7&   '!+L!i0:H#;u167=8(*R/-+\1!"\16.,.6.zE?-+9QPhEI/ZT*-+L!+p(Z-+*  ORPR6.
H1,7 9@-80 (u9b!+#Xr!"G(p!+1&(-80 ,7E3yz&(![KL &!"!> * ‰6.?,.6.C+,7Eš -š#X-83!+6.„!+46.0Z\5!+,.!+#Xp-+9
/S-86.3U9x-80Ž(?B1  !+,.9h-+9J(?/-+/5H,.!"67-8<#X-802/5!"&_ -u(? #X-81&^!+,.9h-+9J(?/-+/5H,.!"67-8 OiPR(
!+0 /1,7&   T#*!+i&(* #Xn!+&i0 !"=8679@E:16.Q&6gfS*#XHo6N,67c6.   !"6. 6.#*!+,N,7E267=86gB#*!+o*O &(*& $
( /1-+\1!"\16.,N67zE -+9k0 !"CD6.(= ! PhEI/UT*-+LKL67M6Nn  #*!+M\S 6.1#X!+ &M\IEG6N#X!+6.=2( 3H10Z\S*
-+9k!+02/5,7&M !+6.16.(= t  L/1,.67*Ohj6.=8H( 2(-[KLL(ZXfS#XL-+9`)"!"67-8H1R3H10Z\S*J-+9k!+02/1,7&A/1,.67

Õ
0.25

Probability of Type 1 error 0.2

Resampled t

0.15

0.1

0.05
Xval t

0
0 20 40 60 80 100
Number of replications

jk67=8H(I‘Tc-+\1!"\16.,N67zEi-+9kPhEI/ZT*-+L9@-+L(:!+02/5,7&   !+1&A( 3. y‡9@-8,.&u#X-8y‡)"!+,.6.&!" &


!+R 3H0:\S*J-+9k!+02/1,N6.(=a*/1,.6.#*!"6.-8J6.n)"!"67& OQPRU*-+R!"  5  A Õ
O
  

9@-+\S-+A:!+02/1,7&  '!+&u(a#X-8y‡)"!+,.6.&!" &   *OLœ-+6.#X!"(a#X-8y‡)"!+,.6.&!" &   


&(-IR(-+RXW(67\567h16.n/-+\1,.0MO
PR &6gfS*#XXy‡-+9xy‡/-+/S-+67-8T  HDfS*n9x-80 36.!+,.,7Ei(Z!+02U/1-+\1,70MOkv4(M( !+02/1,7
_6.cH*/ 3!"67)++$I(02!+H(&i&6gfS*#X'6. (zKT-:/1-+/S-+67-8`K6.,.,(\SL,.!"=++$I/#*6N!+,.,7EaKL(
 n6.T(!" O  Oc‚T6Nh6.3 * 6N(=:1!"T˜#*œL0?!"žŸJ  J&(-In(-+T!"'6.h/-+\1,70AOkPL(C+*Ei&6gfS*#X
6.L!"L(:&6gfS*#XXy‡-+9xy‡/-+/S-+67-8R  -81,7EG,.-3-+CDL!"(:&67f*1#X \S*zKT*p“Kh-G/-+/S-+67-81R!+&
(-+L!"L(67R!"\1 -8,NH( U)e!+,NH(*O T-86.&(*J(U9@-8,.,7-tKL6.(=zKT- ¤ ¤ #X-8o6N(=+#XEr!"\1,7*‘

! !
 ¤ !
T-+r-+9%( '!"\1,7n![)+('!+02U&6gfS*#X6N?*-+h!" n-+9 O ¤ $ -:&16gf*#XXy‡-+9Ny‡/1-+/S-+67-8
  G !"G(0 6.&(36.#*!+,.,7E”b!+&‚Š#XG(3H1,.,R3E3/S-+(6N   •;O†sL-tKh*)+*$˜#*œL0 !"[žŸ
  B51&(-<67=86gB#*!+o&6gfS*#XM6.>(M,7*9@!"\1,7+$c\5H(ZB&!+šXWI A 02,7E^67=86gB5#*!+3&6gfS*#X
” Õ •6.A(Z6.=8oR!"\5,7+ORPR6.L6.R\S#*!+H a6.M(a,7*9@R!"\1,7+$˜u#*œ0 !"žŸ'  !+ CDL(aF3H 67-8
Õ
v4!"RA 6.h(/-+\1!"\16N,.67zE 6N  -8n-+9V!a9@!+6.n#X-86Ni1!"TKTKL6.,.,1#X67)+ ! (!+&J!+1&  !+6.,N;– d
('67=83h!"\5,7+$(67T!+CIT(UFIH( 67-8 v„1!"R6.c'/1-+\1!"\16.,N67zE26. ¤  -8 n-+9m!a9b!+67T#X-86Ni1!"TKTKL6.,.,
!+6.,.;– ƒPRZKn!EAKTa1!)+#X-8  H#X &-8H(6.0aH,.!" &u,7!"6N(=2/-+\1,.0 *$KT
#X67)+ ¤ (!+&'!+&

!"02-+',.67C+,7E -/-D&H#XR!"\5,7h,N67C+L(-8('-8?(,7*9@*$3/#*6N!+,.,7EKL( n6.c(!" O  Ocœ-+ !"T6.9
KTa!+&uH &u(:#X-+#X &d)+*67-8p-+9Q(a&6gfS*#XXy‡-+9xy‡/-+/S-+67-8L  *$ 67LKT-8H,.&u(-+1!)+2HDfS*&
9@-80 6.n/1-+\1,70MO
T#*!+H J-+91(n/-I-+\1!)D67-+R”b!+&67=8a#X-8 ;•V-+9(n!+0 /1,7&   *$8KTnXWD#*,.H1&(&:6.V9@-80 9@H(*
XWD/*;6.023*O

Õ
P A\167=+=+ i&(!KL\1!+#Cš-+9(p6N0:H,N!"67-8™6.2!"G67 &(-I?(-+i#*!"/H(A-+G02!+H(A !+6.6N(=< *
R
)"!"6.!+#Xr-+ )"!"6.!+#XrH,76.(=9@-80(M6.3 *!+,T\S!)D67-+2-+9'(M,7!"6.=!+,7=+-+;670MO>Pm-]!+&&
( 2/1-+\1,70 $5KT #X-8&H#X &<!M#X-8&< *U-+9cXWD/S*6.023'KL67!+,`,7!";6.(=r!+,7=+-+6710 !+&!+,
&!"! **O

QQ% c' †  ;1S  T 


 
  +
  )
PV-u*)"!+,.H!" G(rPcEI/S  *-+a!" a-+9J-8H(a9x-8Ha !"6N 6.#*!+,h  aKL67]!+,h,7!";6.(=p!+,.=+-+670 $VKT
(*&(&a -B51&Z“Kh-U,7!"16.(=!+,.=+-+670 !"`!+&6.&o6.#*!+,3/S*9@-+0 !+#XTKL(a !+6.&Z-8 !+6N6.(=' *
-+9%! =86.)+?67{*+O`v<!+,. -:(*&(& ,7!"16.(= !+,7=+-+6.0 Q -:\SR)+*E2 i#*673*$D -Z!"h(LXWD/S*6.023
Õ
#X-8H,.&r\S*/1,N6.#*!" &M0 !+3E?6.02OQPm-?!+#;67*)+ 16.*$DKh #;(-8   !(O  R,7!+  ” ¡ H6.,.!+%$  •R!+&r( Õ
Õ JÕ
B1k!" yz(67=83\S-+”bœ'œ•k!+,.=+-+670” !+!"!"3E+$  •;OQv<R( ,7#X &2(*&6 i#*H,.m/-+\5,70 *‘
(  /-+\1,70†&(*)+,7-+/S&a\3E U-8(= ”  •;$3nlm*  * Õ  R#X-+=816767-82&!"! *L”bj(*" Õ JÕ
E ¢D,.!" +$  •;$
!+&?(h6.0 ! &6N!+ 6.!"\S* hP!+ Cu”b˜u* Õ
{  ˜H(/13E+$  8•;OJ'9 #X-8H( + $  !(O  !+&?œ'œ &(-a(-+h![)+
(G!+02 /S*9@-+0 !+#X?-8]( G&!"!p**OM‚  A!+1&_l%*  * R#X-+=816767-8 $kœœ/S*9@-+0 Z0:H#;
\S*  *R!+  !(O  w( *)+* Z6.n ;H( 6.r(Zh6.0 !&!"! **O
HQ(XWIQ */ KT!+c -  &!+0 !"=+ Z(R,7!"16.(=U!+,7=+-+6710 ` -U!"Q67`/S*9x-+;0 !+#XnKT!+h6.&(36.#*!+,‹O
<(  ' M!+&]lm*  * R#X-+=816767-8]!+CI*$VKhi02-I&16gB1&d( &6N !+#X?02* ;6.#02/1,7-tE+&]\IEœ'œ  -
\S !2KT67=8o & cH1#*,.6.&(!+r&6.!+#X KL67r\5!+&AKT67=8oOhPR6NJ!+,.,7-[KT&pH1J - &H1#X ( /S*9@-+0 !+#XU-+9
œ'œHo6N,167c0?!"#(&  !(O  -8?-8 &!"!a **OQPV-ZFIH!+,.6.{*L(/*9x-+0?!+#XL-+9 ('!+,7=+-+6710 Q-8i(
c6N0 !M&!"!p**$KT?02-D&6gB5&  !(O   -u!" KL_#*,.!+679xED6.(=M(*K‰6. !+#X$67ZKh-8H,N&]0 !"C+?;!+&(-80
#*,.!+6gB5#*!"67-8r*-+R!"L! /#*67B1&r!" +O
˜u-+/#*6.,7E+$5!+#;]&!"!r *Kn!+/1-I#X &d!+9x-8,.,.-[KL*Oj(-+   ' I$ Kh=+(*!" &<!r#*!+,.6.\!"67-8

 *-+9 ¤+¤ $ Õ
XW(!+02/1,7a”b /1!+#X&u-8p! H1679x-+;0=+6.&M-+9k -8,NH(67-8 O •;Onv<ZA=+(*!" & Õ &!"!
 **$n!+#; -+9U67{* Õ
$J -_6.0aH,.!"   */1!"!" u 6.!+,.O j(-80 !+#-+9'  Õ &!"!] **$nKT
Õ
!+&-80 ,7E<&(*K H(\1 *Z-+9L67{* ¤  $ ¤ $c!+&  OuPR i6.{*ZKT*r#(-8 >\S#*!+H i(*E]!"G(
67{*?-+9 !+6.6.=d*iH&ƒ6.™( Õ y‡9x-8,.&#X-8y‡)"!+,.6.&1!" &   *$J(p˜#*œ0 !"G!+1& &6gfS*#XXy‡-+9xy
/-+/S-+6.-8n  *$S!+&A  W ¤ #X)   *$1/#X6.)+,7E+$1KLA(-8 :  '!"Z=867)+u!+u6N676.!+,S&!"!i *
-+9 Õ
XWD!+02/5,7*OQj(-+!+#A6.{*U-+9m !+6.16.(= *Z” ¤  $ ¤ $1!+1&  •;$1KT !+&eŠ H1  &G( &6. !+1#X0 * 6.#
9@-+Qœœ„ -U!"`(R![)+*!"=+L/S*9@-+0 !+1#XU”@-t)+*T!+,N, Õ &!"!  **$302!+H(&-8 ( ¤+¤ $ Õ #*!+,.6.\!"67-8
XW(!+02/1,7;•T0?!"#(&p(Z!)+*;!"=+:/S*9@-+0 !+#XU-+9  !(O   -?KL676. O O Õ
j(-+ lm*  * R#X-+=8676.-8 $SKha!+&(-80?,7EAH(\ &67)D6.&(&G( ¤ $ XW(!+02/1,7'6.3 -G!G#*!+,.67\1!"67-8p*'-+9
Õ $ Õ
!+&i!+?XWD/S*6.023!+,5*c-+9 $ Ohv<(G&(*KÕ &!"!a **$I!+#r-+9%67{* $D!+&(-80 ,.E
9@-80†(JXWD/*;6.023!+,I*Q-+9 $ Õ XWD!+02/5,7*O`|L=8!+6N $+9x-80}!+#2-+9( R&1!"!  **$8KTR&(*K™;!+&(-80
Õ
H(\5 *n-+967{* ¤  $ ¤ $1!+&  Ocj(-+L!+#;p6.{*'-+9 !+6.16.(= **$KT !+&eŠ H1  &r( &6.!+#X 02* 6.#'9@-+
œ'œ  -r!"(!)+*!"=+i/S*9x-+;0 !+#XG”@-t)+*:!+,., Õ &!"!M *$S0 !+H(&-8d( Õ $ #*!+,.6.\!"67-8
XW(!+02/1,7;•T0?!"#(&p(Z!)+*;!"=+:/S*9@-+0 !+#XU-+9  !(O   -?KL676. O O Õ
j(-+k(Tc6.0?!R&6.!+ 6.!"\S* k&!"! **$+Khn&(*K Õ &!"!L *-+96.{* 9x-80€(   ![)e!+6N,.!"\1,7
XW(!+02/1,7*Oj(-+ !+#;<-+9T(  &!"!M *$%(20 !+6N6.(= !  XWD!+0 /1,7KT*2*!+6.(&d9@-+ #*!+,.67\1!"67-8 O
Õ
c!+#;d-+9c( &!"!M *'-+9T67{* KT!+9bH((*H(\5!+02/1,7&p -r/-D&H#XZ;!+&(-80 H(\1*L-+9T67{*
Õ
¤  $ ¤ $D!+1&  Ocj(-+T!+#G67{*R-+9S !+6N6.(=U **$IKh02!+H(&?(L![)+*!"=+*-+Q!" -+9  !(O  !+&iœœ
Õ ”@-[)+* &!"!:**$(KL(i   &r-8G( !  #*!+,.67\!"6.-8 XW(!+02/1,7n#X-+/-81&6.(=  -!+#;M&!"! *;•;O
v<(r!+&eŠH  &G('!+&(-80 (-86. '!" -+9  !(O   -a!"n(!)+*!"=+Z*-+n!" TKh-8H1,.&?\S6.&(36.#*!+,‹O

Õ
0.2

0.15
Probability of Type 1 Error

0.1

0.05

0
McNemar Prop Test Xval t 5x2cv t

jk67=8H( 3‘LPhE3/SaJ*-+!" 9@-+9x-8H( !"6.6.#*!+,   *OUPR(a(*a\1!"KL676NA!+#d #X-+ /S-8&


 -?  I$l%*  * R#X-+=8676.-8 $1!+&uc6.0 !2&1!"!? * *O Q-+R\1!"!"  #X-8DB5&(1#XZ6.3 *)e!+,NJ-8
(  ;H( PcEI/SUh*-+R!" +O

    & & &#)  + )




Õ


jk67=8H( u(-tKLa(M02!+H(&šPhE3/SG *-+!" -+9(r9x-8H!"6. 6.#*!+,T  *O^PR( ‡y 9x-8,.&™#X-8y


)"!+,.6.&!" &   6.(-8,7Eu  UKL(-8 2PhE3/SaL*-+UXWD#X*& O  O|',.,-+9T(-+(*   * $m*)+<(
&6gfS*#XXy‡-+9xy‡/-+/S-+6.-8n  :”  c-+/uPV  o•;$5(-[K !+#*#X*/1!"\1,7ZPhE3/SUT*-+R;!" *O

 
   & $) 4& "  +)
PhE3/SaL*-+U6.(-+(2-81,7Ep6.02/S-+!+3#X-86.&(*;!"67-8u6N#;(-I-86.(=M!r !"6. 6N#*!+,k  *OZ‚U6.'(202-8 
6.02/S-+!+3J#X67 *6.-8M679m-8(+žŸL=+-8!+,m6.n -?\U#X-8DB&(oL!"R!+M-+\1 *)+&A/S*9@-+0 !+#XU&6gfS*#X 6Nn!+,‹O
nH(U679c-8+žŸ=+-8!+,Q6.' -A&(* #X KL*(*(* 6.!r&6gfS*#X\S*zKT*<zKT-A,7!"16.(=r!+,7=+-+670?*$S(
(R    ( &Z-+9J(i !"6N 6.#*!+,Q a6.Z6.02/S-+!+3*OrPL( /S-[KT*Z-+9R!p  a6NU(?/1-+\1!"\16.,N67zEu!":67:KL6.,.,
‚Š #XR(ZIH,.,S3E3/S-+(6.nKL(r(:3H,N,3EI/-+6.J6.J9b!+,. +O
PV-a0 !+H((L/S-[KT*T-+9 (L  $IKT'#*!+,.67\;!" & ('&6. !+#X'02* 6.#L9x-+n(!"h(67=83\S-+'”@9@-+
(  !+&™lm*  * R#X-+=86.67-8š!+ CD;•a!+&>(r!+&(-80 #*,N!+6gB5#*!"6.-8_*-+2!" _”@9x-+ h6.0 !o•  -
!+#167*)+2)e!";67-8H'&6gfS*#X6.u(/*9x-+0?!+#X:-+9  !(O  !+&dœœ:Om¢I/S#*6gB5#*!+,.,.E+$1KT&16.&p:9@-8,.,7-tKL6.(=(O
jk67 *$KT?02!+H(&](i/*9x-+0?!+#X 9@-+"   !(O  !+&_œ'œ KL(] ;!+6.(&<-8

-8<( !"/1/-+/6N!" #*!+,N67\!"67-8dXW(!+02/1,.U!+ \S*9x-+M”b&(-+  ( ?*-+U!"   !+&   
XW(!+02/1,7:!+&]  &
'•;O PR(

#X-802/1H &ua9@!+#X67-8 ]H#!"    Õ


5  C E = V”  C E =  
KT#;(-8 2)"!"67-8H'!"=+*Z*-+U!" \S*zKT*<(aXWD 02Oaj(-+U!+#;<!"=+* *-+U!" 

$ KT
'•;O v<2(d#*!+,.67\1!" &(:*-+
!" h-+9  !(O  !+&?œ'œ49x-+T !+6.16.(=  *h-+9%67{*  $ ¤ $(!+& ¤  -Z!"T(!+02L)"!+,.H(R-+9 G!"/1/1,.67& O 
A-+(*'Kh-+;&*$1KT:!+&"Š H &A(a,7!"6.= #*H()+a9x-+(:(!" (6.=8o\S-+!+,.=+-+670 ”@KL67A&!+0?!"=+&
&6.!+#XL02* 6N#[•k - !"h67QKn!+Q/S-86767-8&2!"h!BWD&29@!+#X67-8?-+9RKT![E2\S*zKT* (L,.!"6.(= #*H)+

Õ
0.65

0.6

0.55
Error rate

C4.5
λ=0.1759
0.5
λ=0.3500

λ=0.5420
0.45

NN (λ=1)

0.4
150 200 250 300
Training set size

jk67=8H( ‘clm!"6.=a#*H()+R6.3 */S-8,.!" &r\S*zKT* (! O  !+&Mœ'œ 9@-+R(U/5H(/S-8 '-+9V02!+H6.(=/S-[KT*O

9@-+  !(O  !+&G9x-+Rœ'œ‰”@K67M!+MH&!+0?!"=+&G&16. !+#XU02* 6N#[•;OQj6.=8H( (-[Kn(U#*!+,.67\!" &M,.!"6.(=



#*H()+L9x-+L( l%*  * R#X-+=8676.-8A!+ Cr9@-+R)e!";67-8Hn)"!+,.H(J-+9 O
Õ
jk67=8H(  $ $V!+& Õ¤Õ /5,7-+/-tKh*:#*H()+U9@-+U(29@-8H(  !"6. 6N#*!+,k  *O2PR( 2#*H()+ (-tK}!"
(U#X-8 y‡)e!+,.6N&!" &   J6.n0aH#M02-+/S-[KT*9bH,!+G(-+(*J(*  OcsL1#X+$679 (=+-8!+, 6.T -
\Sa#X-8(B5&(3'1!"'*26.(-M&6gfS*#Xa\*“Kh*]zKT-A!+,7=+-+670?*$S((2#X-8y‡)"!+,.6.&!" &    6.
(  R-+9#;(-86.#X+$5*)+A(-8H(=8p67RPhE3/SUT*-+L6.JH1!+#*#X*/!"\1,7+O
'9V(U  LKL67r!+#*#X*/!"\1,7:PcEI/S'T*-+[$I  W ¤ #X)   L6.T( 02-8J/-tKh*9@H,‡Oks-[KT*)+*$S67J6.
 -+\S*6.=L - (-+ J!"k*)+2K(a(n/*9x-+0?!+#Xn-+91(J,7!"16.(=!+,.=+-+670 k&67f*\IE Õ /S*#X3!"=+
/S-86.3 ”b!+R6.r( lm*  * R#X-+=86.67-8M!+ C•;$(  !"6. 6.#*!+,  R!" -8,.E?!"\1,7U - &(* #X6.n!"\S-8H(
-8( 167&G-+9k(U6.02+O

Q 
PR(JXWD/S*6.023QH=+=+ c!"c(  W ¤ #X)2  h6.Q(L02-8 c/-tKh*9@H,(!+0 -8(=Z(-8L !"6. 6N#*!+,  c!"
![)+i!+#*#X*/!"\1,.?PcEI/S2*-+O?PR16.'  :6.U!+,N -M(?02-8Z!"6. 9@ED6.(=($%\S#*!+H  6. !+  Z(2XfS#X
-+9k\S-+A(Z#;(-86.#X:-+9` !+6.6.=*a”@\IEMH6N(=:Z,7!"6N(= !+,7=+-+6710 J-8p*)+*!+,V&16gf*oR ;!+6.6.(=
 *;•J!+&M( #;(-86.#XZ-+9  L*:”@\3EM02!+H(6.(=(Z/*9x-+0?!+#X-8p *)+*!+,%   *’•;O
' /16. Z(a9@!+#X'!"'˜u#*œ0 !"žŸ'  &(-I(-+'!+ '(:Xf#X'-+9Q)"!"ED6.(= (: !+6.6N(=  **$S67
 6.,N,m/S*9@-+0 ')+*EKh,N,‹O &(*& $%6.d!+,.,-+9T-8H(U)"!"67-8H'XWD/*;6.023*$ Kh2(*)+*Z-8#X !K (2PcEI/Sa
*-+h!" '-+9S˜#*œ0 !"žŸT  TXWD#X*&i(L!"=+*T,7*)+,” O  •;Oc?#X-83 !+ *$DKT&6.& -+\1 *)+'#*!+ cK(*
\S-+M(  W ¤ #X)A!+&A&67f*1#Xy‡-+9Ny‡/1-+/S-+67-8T  LKh*Z9x-I-8,7& O
PR  W ¤ #X)š   K6.,.,h9@!+6.,J6N™#*!+ 2KL(*M(M*-+ ;!"  02!+H(&ƒ6.š(M)"!"67-8H ¤ y‡9@-8,.&ƒ#X-8y
)"!+,.6.&!"67-8i*/1,N6.#*!"67-8c)e!"EiKL6.,.&1,7Er”@*)+rK(G(  (*&;(*"- (J6.?*-+n!" J6.nH#;!+(=+&5•;O`v<KT*


!"\1,7Z -i-+\1*)+Z6NL6.A-802:6N0:H,N!" &p&!"!?XWI/S*6.0 oLKL(* Z*-+!" Œ5H#XH!" &p\S*zKT*

¤
0.6

Xval t
0.5
Probability of Rejecting H0

0.4

0.3
5x2cv t
McNemar
0.2

Prop Test

0.1

0
0 1 2 3 4 5
Difference in performance between C4.5 and NN

j 67=8H(  ‘-[KT*U-+9Q9@-8H( !"6. 6.#*!+,  -8(" ?!+ COUPR((-+67{*-83!+,V!eW(6.'/1,7-+(3H10Z\S*


k
-+9c/S*#X3!"=+2/S-86.3\IEpK6.#u(zKT-A!+,7=+-+6.0 2”  !(O  !+&dœ'œ•'&67f*'KL( !+6.&u-8d ;!+6.6.(=
 *L-+96.{* O

Õ O !+& O  Ocv<'&6N&?(-+h-+\1 *)+67h&1H(6.(= !+3E -+9 -8H(TXWD/*;6.023c-8i!+,.6.6.#R&!"!DO`v46.,.&?)e!"6N!"67-8


*# !+H G\1!+&> 6.0?!" :-+9L(i)"!"6.!+1#X+Ou‚a6NZ(**9x-+r!+&()D6.!"\1,.? -d#(#C^(r02!+H&_*-+:;!" 
KL(M!"/1/1,7ED6.(=6.n  *O
PR&6gfS*#XXy‡-+9xy‡/-+/S-+6.-8c hKL6N,.,(9b!+6.,56N?#*!+ nKL*L(“Kh-2,7!"16.(=Z!+,7=+-+;670 T!)+)+*E
&6gfS*3 *=867-8 d-+9/-I-+/S*9x-+;0 !+#Xr!+&šKL(*G(M*-+a;!"  !"M#*,7-8 M - O  O>v<A&6.&š(-+
#X-8H3 *a6./-+\5,70Ž6.<-8H XWI/S*6N02o -8]!+,.6N 6.#2&!"!D$*)+_-8H(=8  !(O  !+&_œ'œ!"?)+*E
&6gfS*3Q!+,7=+-+6710 *Ov<H/#Xc!"Q6.c6.`\S#*!+H L0 -8 Q*-+;Q#X-80 0 67  &?\3E2,7!";6.(=U!+,7=+-+6.0 
!"J(!"k(n&(#*6.6.-8Z\S-8H&1!"67*Oms#X+$802-8k,.!"6.(=!+,7=+-+670?mKL6.:#X-802/5!"!"\1,7T*-+k!" `![)+
)+*EG6.0 6.,N!"h*=86.-8T-+9m/S-3-+n/S*9@-+0 !+#X+$( -(/1!"-8,7-+=+E?!"JKT-+\1 *)+&M6Ni-8HR6.0aH,.!" &G&!"!
XWD/*;6.023T&-3n(-+J!"6.6N?/;!+#X6.#X+Ocœ-8(*(,7$I=86.)+r(UH(/S*67-+T/S*9x-+;0 !+#X'-+9V˜#*œL0 !"[žŸ
  k!+&:(T6N#X-+#X!+H02/167-8mH1&(*,7ED6.(=n-8H()+*6.-8Z-+9T&67f*1#XXy‡-+9Ny‡/-+/-+67-8% *$+(*
#*!+A\SU(-ŠH 67B5#*!"67-8r9@-+R*)+*L02/5,7-[ED6.(=(ZH1#X-+#X &A&16gf*#XXy‡-+9Ny‡/1-+/S-+67-8n  *O
Õ PR y‡9@-8,.&u#X-8y‡)"!+,.6.&!" &   '1!+6.=8APcEI/SZn*-+RsL-tKh*)+*$%6.!+,. -G!+L167=8A/S-[KT*$S!+&
(#X+$67L#*!+u\S #X-80 021&(&u6NM(-8 a#*!+ 'KL(*ZPhEI/Zn*-+a”b6‡O›+O7$1(:9@!+6.,NH(U -i&* #X'!?!+,
&6gfS*#XU\S*“Kh*u!+,7=+-+670?;•h6.R02-+ 6N02/S-+!+o*O

4;


PR( !"6N(=r/-86No9x-+U6NL/1!"/S*Kn!+ ¡ H( 67-8 ‘67)+dzKT-A,7!"16.(=i!+,.=+-+670   !+1& $q!+&<!


0 !+,N,&1!"!a* T$DKL6.#;G!+,.=+-+670 KL6.,N,1/-I&H1#X'02-+!+#*#*H!"  #*,.!+67B1*TKL(G !+6.&i-8M&1!"!2 *
-+9m'!+0 67{*'!+ ^&(;!KLG9@-80 ('!+02/-+/5H,.!"67-85– (9@-+H1!" ,7E+$((-8('-+9%(U !"6. 6N#*!+,5 
&(#X;67\S&M!+&A*)"!+,.H!" &6.M6NR/1!"/S*L#*!+!+ KT*16.RFIH( 67-8 OJ|',., -+9`(a !"6. 6N#*!+,%  FIH67


¤
0.8 Xval t

0.7
Probability of Rejecting H0

0.6

0.5

0.4 5x2cv t
McNemar
0.3
Prop Test
0.2

0.1

0
0 2 4 6 8 10 12
Difference in performance between C4.5 and NN

j 67=8H(
k Õ ‘c-tKh*R-+99@-8H(J !"6. 6.#*!+,S J-8r(Ul%*  * L#X-+=86767-8r!+C5OcPL(U(-+67{*-83!+, !eWD6Nn/1,7-+
(3H10Z\S*L-+9c/*;#Xo!"=+/S-86.3L\IEMKL6.#;A(azKT-M!+,7=+-+6710 a”  !(O  !+1&uœ'œ•L&6gfS*LK(p ;!+6.(&
-8M !+6N6.(=2 *L-+96.{* O

H6N(=G-8,.&(-8H('-+ !+0 /1,.6.(=G02*(-D&*$ KL6.u #X-8 FIH(#X2!"U(*E#*!+<-8,7Ep ,.,`HU!"\S-8H((


,.!"6.)+Z/S*9@-+0 !+#X:-+9`(a,.!"6.(= !+,.=+-+670 L-8p ;!+6.6.(=i *L-+9h67{* @ M @ @  @ $KL(*,@ M @6.L(
67{*U-+9k(U ;!+6.6.(=2 *L02/1,7-tE+&A6.M( !"6. 6.#*!+,  *O
<!+&&676.-8u -M16.'9@H1&!+023!+,k/-+\1,70A$!+#;<-+9T(  !"6. 6N#*!+,k   !+U-+* (-+#X-80 6N(=8*O
PR(r&(*6.)e!"67-8>-+9(  W ¤ #X)>  FIH67!d,.!"=+MIH0Z\S*a-+96.1&(*/S&(#XG!+H02/167-8:!" !"
CD(-[KLd -M\S)D67-8,.!" & Oa˜u#*œ0 !"žŸZ   !+&d(2&6gfS*#XXy‡-+9xy‡/-+/S-+6.-8'   &(-A(-+U02!+H2(
)"!"6.!"67-8^H,.6.(=p9@-80 (r#(-86N#XG-+9L !+6.6.=u *-+26.3 *!+,h!+&(-80?(a6._G!+,7=+-+;670!+&
(**9@-+<&(-™(-+M02!+H!+,N,-+9:(<6.02/S-+!+3G-8H(#XG-+9Z)"!"6.!"67-8%OYPR(d#X-8y‡)"!+,.6.&!" &   
)D67-8,.!" J(:!+H02/167-8JH&*,7ED6.(=Z  *$\S#*!+H U(  ;!+6.6.(=2 *R-[)+*,.!"/mO
|'2!<#X-8 FIH(#XM-+9( M/-+\5,70 *$`!+,.,n-+9(M !"6. 6.#*!+,n  &(#X6.\&>6.>6.a/1!"/S*20aH 
\Si)D67*KT&™!+2!"//-[WD6N0 !" +$h(H6. 6.#?  *$h!"(*2!+™!+6.=+-+-8H,7E]#X-+#X? !"6.6.#*!+,n02*(-D&*O
PR6NU/1!"/S*:!+:(**9@-+i,.67&_-8_XWD/S*6.023!+,Q*)"!+,.H!"67-81 -+9J( r02*(-D&*$k!+&_(?9@-8,.,7-tKL6.(=
#X-8#*,.H167-8h0:Hc\SL*=8!";&(&r!+c 3!"67)++$\S#*!+H ('XWI/S*6.0 oh!"\5!+ &G-8?-8,.E2zKT-,.!"6.(=
!+,7=+-+6.0 J!+&M*Z&!"! **O
PRMXWI/S*6.0 o 6N™6./1!"/S*?,.!+&ƒH2 -^#X-80 02&ƒ67(*?  W ¤ #X)   *$J9@-+?67H1!"67-8
6.™K6.#ƒ(u,7!";6.(=]!+,7=+-+;670  !"p i#*673?-8H(=8ƒ -^H™ 6.02*$n-+G˜u#*œ0 !"žŸG  *$J9@-+
67H1!"67-8nKL(*U(Z,7!"16.(=!+,7=+-+670?R#*!+M\SUHr-8,.E?-8#X+O h-+p  L1!)+:6.0 6.,.!"T/S-[KT*O
H XWI/S*6N02oU1!)+i!+,N -A*)+!+,7&_(?-+#X-80 6.(=8 -+9T -+(*:!"6. 6.#*!+,` *$-AKhG#*!+
#X-8DB5&o,7EM#X-8#*,NH&(Z1!"L(:!+02/1,.&   (-8H,N&A(*)+*'\Z02/1,7-tE+& OLPR6NJ  !+L)+*EA67=8
/-+\5!"\16.,.67“EU-+9PhEI/nV*-+$o!+1&H,7-+\!+6N(&2H6.=6NV c#*!+(-+`\Sn H  &%OPRTXWD/S*6.023
Õ
!+,. -2H=+=+ R#*!+H(67-8M6.r6.3 */*6.(=a(H,7T-+9( y‡9x-8,N&M#X-8y‡)"!+,.6.&!" &   *OcPR16.T  R!+J!
,7*)"!" &</-+\5!"\16.,.67“Er-+9TPhE3/SaL*-+?”b!+U0:H#;<!+UzK6.#X(!"=+*Z,7*)+,x•;$%!+,.(-8H(=8<676.(-+ (!",.E

¤+¤
0.18

Xval t
0.16

Probability of Rejecting H0 0.14

0.12

0.1

0.08
5x2cv t
0.06
McNemar
0.04 Prop Test

0.02

0
0 0.5 1 1.5 2 2.5 3 3.5
Difference in performance between C4.5 and NN

j 67=8H(
k Õ¤Õ ‘R-[KT*'-+9`9@-8H( !"6. 6N#*!+,m  -8u(ah6.0 2
! !+C5O'PR(Z(-+;67{*-8o!+,!eW(6.R/1,.-+L(a3H10Z\S*
-+9c/S*#X3!"=+2/S-86.3\IEpK6.#u(zKT-A!+,7=+-+6.0 2”  !(O  !+&dœ'œ•'&67f*'KL( !+6.&u-8d ;!+6.6.(=
 *L-+96.{* O

!+L*)+*Z!+RU/-+\1,70K67r( !+02/1,7&   *O


v<2(-+/S !"'(aH,.L6.p6.R/5!"/*KL6.,.,%\:H *9bH,% -r#*6736. '6.M(0 !+#;6.(a,7!"6.=?!+&
(H(;!+,8(*zKT-+C #X-80 0aH6.67%!+V(*EU&(*)+,7-+/%$+H&* !+& $t!+&Z6.0 /-[)+h0 !+#6N(c,7!"16.(=R!+,7=+-+6.0 *O

 Z AQ :  c' 


PR(R!+H(-+`B1Q,7!"(&2-+9S( .3y‡9@-8,.& #X-8y‡)"!+,.6.&!" &   c9x-80 R-83E U-8!)D6m”@/S* -81!+,#X-80 0aH6gy
#*!"67-85•;OQPL(!+H(-+h!+CI  86.0 U-8,. CIE-+9 (UZ¢  ¢I!"6. 6.#* '*/1!"023T9x-+n !"6. 6N#*!+,1#X-8H1,76.(=
!+6N !+#X?!+& L!+&(9@-+&]œ!+,‹ $ R-83E -8!)D6‹$V!+1&]Pm-80ˆ˜u6.#(,.,Q9x-+a(,7/9bH,kH(=+=+ 6.-8*O?PR?!+HDy
(-+26.a!+,. -u)+*E_=+!" *9bH,h -d(i*9x**a9@-+(67#*!"*9@H1,c!+&16.(=($kKL6.#;_6.&o6gB5&_ *)+*!+,T*-+
6.d!+<!",N67*U)+*67-8d-+9T6.0 !+IH#X;67/*OPR6.' !";#<Kn!+ H(/1/-+ &u\IEp=+;!+oZ Lzy +¤ ! ¤ !+&Õ
 R“y   ¤   !M9x-80q(œ!"6.-8!+,k¢(#*67#Xj(-8H&!"6.-8u!+&u=+!+3'IH0:\S*œ Õ Õ
!"y  y y  A9@-80q(
 i#XZ-+9œ'!)"!+, L !"#%O
 .c c 
T6.0 !+%$1lQO7$1j67&0 !+%$ (O1s:O7$SU,.( $ ZO1|:O7$ ‰  ¢D -8(+$ ' O (OV” Õ !3•;O   FAF  -A !#" "(%' &;( FAF #"
 &(A(F’Ocv]!+&Kh-+p‚3 *!"6.-8!+, '-8H(/mO
T6.0 Õ
+! %$SlcOQ”  !3•;OsH(6N 6.#*-+9T6.1 !"\16.,.6.zEM!+&d !"\16.,N67{!"67-86.d02-I&,,7#X67-8 OZPV#%O */%O ! Õ I$
'*/1!"02o-+9`¢D!"6. 6.#**$ 6.)+*67“E?-+9n!+,.679@-+6N!D$ T*C+,7*E+$ n|:O

¤
T6.0 !+%$lQOm” Õ 8•;O T!"=+=86N(=?/&6.#X -+*OG -B<" (K(#&"=<" '+$ T” ¤ •;$ Õ¤ Õ ! O
!+!"!"3E+$ 'O :O” h& O •;O” ÕJ Õ •;O (#&(F  " (*' &U"#&C F1! (*& " -*  F F   -A !#"  (A-B"=* ( F;O
   T-80 /1H( *'¢I-D#*67*“EGc*$lm-8L|',.!+0 67 -8*$ J  |ZO
67*  *6.#; $`PUO O7$Qs6.,N& $Vs:O7$ n !"CD676‹$ a  OJ” Õ •;O| #X-802/5!"6. -8^-+9J  !+&]\5!+#CI/-+/1!"=8!"67-8>9@-+
h(=8,.6.i XWDy‡ -"yz /S*#d0 !"/1/16.(=(O B-B<" ( (A#&"=>")'+$+$ J Õ O
Q9@-8 $  O7$ Y  PR6.\167;!+6‹$ ZO (O” Õ •;O"! "  &; #=-. !#"G%W(#"D <F &; 5On !"/10 !+M!+1&ps'!+,.,‹$1œ*K


$Q-+C5$1œ%$O
Q)+*;67 *$ 'O¢Om” Õ  +•;O  (#"'& F >F  + -A#"  <" ')( "-(& %)* ( F;O n1!"/10 !+M!+&As'!+,.,‹$lm-8&(-8 O
j(*E+$'OTv O7$   ¢(,.!" +$ aO (O'” ÕJÕ •;O‰l%*  *r#X-+=8676.-8„H16.(=_s-8,.,.!+1&Dyz zED,7!+&!"/67)+d#*,.!+67B1**O
G - >" (K(#&"=<" '+$+*e$ Õ  ÕÕ+¤ O
s'!+H,7*[$ aO7$U!"1*$(˜_O7$5¢IH1(=($Is:O5¢O7$ PR6.3\IE+$Iœ:O%” Õ 3! •;OL67=+-+-8Hn,7!"6.=:#*H()+\S-8H&1Q9@-80
!"6. 6.#*!+,%0 #!+6N#**O`‚!, &  - -/..0" "=1- 2 3 &54 F5)  " #CD 6- (& "=<" '  (A#&7&e$5//%O
  3OS| n ˜Q*$œ*K8$Q-+C$1œ%$aO
s'6.o -8%$ a  O R O7$VœL!+,‹$  O%˜^O7$VPR67\567!+16‹$ ZO7$  #c l#  !+0ˆ020:\*; ” Õ •;O?| 6.=r,.!"6.(=
/1-I#X&1H(%H6.(=#c  l#R O+PV# Ot*/%O7$ 167)+*67“E-+9DPV-+-8o -($ '*/1!"0 oV-+9n -802/1H( *¢(#*67#X+$
3  /%‘  t KRKLK OŸ#**OŸH( -+-83 -(OŸ#*! e (H(-8 e &(,7)+ e &(,.)++OŸo0 ,‡O
Õ
U-8![)I6‡$  OQ”  •;O939&   ( & F:+*#&D ( &<+*#& CR#" - ( (*":)#"-( C ( "D#"?)* ; !#)F  (-*>F !#" '&; < F’O2c O aO
6.*$5¢I!+9x-+& 6.)+*67“E+O
 V-8,N,.!+#C$ (O ' OD”
U-8,7%$ OejTO7$  ÕJÕ •;O T!+#C:/1-+/1!"=8!"67-86. 6.67)+h -6.6.6.!+,o#X-8&16767-8*O3‚= >; #" - (F


 -8,‡O $%//%O
<"? (*)&;# ".+*#&CR  "?, &  - (F F <" 'A@<& F (*C F;$ `  B ¢D!+<j(!+#*6N#X-($ n|:O ˜p-+=8!+
Z!+H(9@0?!+ O
Õ
U-8(=($ RO 'O7$  67*  *6.#; $DPUO aO5”  •;O Q-+yz#X-+#X6.(=Z-8H( /1H(c#X-D&6.= #X-+#Xh\16.!+Q!+&?)e!";6.!+#X+O

Q;67&676.$R|ZO7$  H ,N,‹$'¢O ” c&1*O •;$   (  (* + C " ( &" !#"# #" +*(*&;(*"- ( #"D  -EB>" (
JÕ JÕ
K(#&"=<" '+$5//%O  +¤ ¢D!+Aj(;!+#*6.#X-($ J|ZO1˜u-+=8!+ !+H(9b0 !+ O
 O ”
lm6N&0 !+ $IsZO Z Õ+¤ •;O"#F& F >F  *,.!"=($œ*KM$Q-+CO
;+HG #& !#"-( >"JI@  ( &>C (*" %#LK(F' "Ok¢D/6.(=+* `
 O O7$
˜u*{+$   ˜H(/5oE+$„VO]˜^Oƒ” Õ 8•;O T */-867 -+EŽ-+9„0 !+#6N( ,7!"6.=q&!"!"\1!+*O
N:OPOQSRUTPT VWVPVX5YPZP[\X] PZ Y\XU^)_]`T1ab`cW^Wd)e f`T gPh)i:^ Q:j<[)Y>OPj)ePklXNO b`c O
Õ
¡ H6N,.!+ $ O ZOS”  •;O <-m/, &;'&;#C F+*#&%I CD<& !-A#<K(#&"=<" ')-k˜u-+=8!+ !+H(9b0 !+%$D¢D!+Gj(!+#*6N#X-($
J|ZO
L!+0:H   $ 'O ROZ” Õ 8•;OnI;## = !#"  +9o#)FAF #" &;.- ( FAF.(FG#"O(*& CR(.) FT+*#& "#"<p  >" (#&
 OS(6.*$ '67)+*67zEA-+9TPm-+-8o -($ */5!"023U-+9 T-802/5H( *Z¢D#*67#X+$%PV-+-83 -($
&(%' &;( FAF #"1Oh O a
J!+!+&!DO
¢D(&#X-+$  O`v€O7$  T-I#;(!+ $hv€O aO” Õ •;O8@  6.)+*67“E^Q*$
%  F   - #l (*)#F;Oƒ‚-[Kn!>¢I!"  
|'02*$1‚|:Oc 6.=8o h&6767-8 O

¤ !

You might also like