.$5$/:n$k$3$H$rL\;X$7$F$$$^$9!#ItIJ:n$j$+$i@=:n$N2aDx$r $B>.7?%i%8%3%s%X%j%3%W%?!<;n:n<<!'@_7W!"ItIJ:n$j!"AHN)!"Ht9T$^$G(B
@
$B!!(BHOME$BB>$N5-;v$X%j%s%/(B
**** $BBh(B96 ****$B!!(B  2014$BG/(B5$B7n(B4$BF|!JF|!K(B

$B!!(B$BD6>.7?(B1$B%b!<%?!<6nF0%X%j$r:n$k(B

$BBh(B81$B$^$G$K(BRobinson R2 Beta$B-6$N%9%1!<%k%b%G%k$r:n$C$?$,!";DG0$J$,$i%a%$%s%m!<%?!<$H%F!<%k%m!<%?!<$N#2%b!<%?!<6nF0$G$"$C$?!#(B
$B99$K
$B:#2s$O%W%m%H%?%$%W$H$7:n$C$F$_$k!#(B
$B%F!<%k(IL^Z0D^$B$N%T%C%A%3%s%H%m!<%k$,0BDj$7$?%i%@!<5!G=$r2L$?$;$k$+!#(B
$B%b!<%?!<$O(BHP05S$B$H$7!"(B$B%b!<%?!?tEy2]BjCj=P$HBP:v$r9T$$$J$,$i:n$k!#(B


$B%P!<(B
1$B!K(B$BEv=i$N6nF0%f%K%C%H$KLa$7$F$N%F!<%k%m!<%?!<2sE>%9%T!<%I%"%C%W(B
$B%.%"Hf$r(B18$B!'(B20$B!J
$B%9%T!<%I%"%C%W$N8z2L$J$N$+Ht9TCf$K%F!<%k?6$l$,5/$-$F$b
$B%Y%s%A%F%9%H!J2
$B?6$l$,Mn$ACe$/$^$G$K;~4V$rMW$7$F$$$k$b$N$N:#$^$G$N%Y%s%A%F%9%H$h$j$bNI$/$J$C$F$$$k!#(B
$BHt9T!J2
$B%9%F%#%C%/!J%(%k%m%s!"%(%l%Y!<%?!K$r$[$s$N>/$7F0$+$9$HH?1~$7$F%F!<%k?6$l$,5/$-$k$,
$BLdBjE@$H$7$F!"Ht9TCf$K%9%m%C%H%k%9%F%#%C%/$r>e$2$k$H2?$+$NGo;R$G%S%S%j2;$KJQ$o$j!"%F!<%k?6$l$,5/$3$k$3$H$,$"$C$?!#(B$B%S%S%j?6F0$,:FH/(B$B$7$F$$$k$h$&$K;W$($?!#(B
  $BEv=i%.%  $B%.% $B2~A1(B
  $B!J(Ba$B!KEv=i$N6nF0%f%K%C%H!'%.%"Hf!K(B20$B!'(B18$B!J%b!<%?!<<4!'%T%K%*%s<4!K(B
  $B!J#b!K%.%"Hf(B13$B!'(B18$B!J%b!<%?!<<4!'%T%K%*%s<4!K(B
$B!JCm!'3z$_9g$$$,BP$G$J$$;u9T$K$5$;$F$$$k$N$GE,@5$J;H$$J}$G$O$J$$!K(B

2$B!K;(46(B
$B"!5!BN=ENL!JEECS9~$_!'(B60.1$B#g2<
$B"!%S%S%j?6F0$O5!BN8GM-?6F0$H4X78$9$k$H;W$o$l!"=>Mh$bH/>I$7$F$$$F5$$E$$$F$$$J$+$C$?$N$+$bCN$l$J$$!#:#8e$O5!BN$4$H$KBP1~$9$k$3$H$K$9$k!#(B
$B"!3z$_9g$$$,BP$G$J$$;u9T!J>e
$B!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!(B$B7WNL(B

3$B!K(B$B:#2s$G(B1$B%b!<%?!<6nF0%X%j$N%W%m%H%?%$%W5!$N:n@=$O=*$o$k!#(B
$B:#8e$O99$J$k>.7?!J7ZNL!K2=$G%i%@!<$N%5!<%\%3%s%H%m!<%k$r
$B%T%C%A%3%s%H%m!<%k%?%$%W
$B!J"((BRX2620V$B!'%m%S%s%=%s(BR22$B%9%1!<%k%b%G%k5!$G;HMQ!K(B


$BHt9T3NG'(B

$B!J#1!K%Y%s%A%F%9%H(B $B!J#2!KHt9T(B


$B
MD$B%X%j%3%W%?!<%:MD500E$B$N%9%1!<%k%b%G%k(B$B$r:n$k!#