The objective is to identify and correct outliers using K-factor tolerance bands and ex-post forecasts for better accuracy.

Topics Covered:

1. Identifying Outliers

2. What is a Tolerance Band?

3. Determined by the K factor

4. Ex-post forecast

5. Impact of K- Factor Setting

6. Outlier Identification using the ex-post forecast

7. Forecast Tolerance

8. Band Outlier

9. Outlier Correction Summary