What is the meaning of the "Argument1, 2…" fields in the Windows Event monitoring wizard?

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Windows Events are identified by their source and an event ID. Each event ID corresponds to a description string in the event source. This description string contains "insertion strings", or arguments, that are replaced at problem time.

To identify the arguments or insertion strings of an event:

1.Launch the Windows EventLog Reader built-in tool of Monitoring Studio

2.Right-click on the main Monitoring Studio icon > KM commands > Tools > Windows EventLog Reader.