Segmentation 1

Segmentation 2

Segmentation 3

Segmentation 3 (adjusted)

Exchangeable

4226.10

2321.33

5310.22

600.30

Independent

4231.70

4428.22

5397.27

1736.97

AR(1)

6969.90

8885.72

6211.12

1798.72

Non-Structured

9444.12

9144.90

6474.16

2224.18