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	param	t-stat
$ω$	1.0716	5.45
$α$	0.1063	11.67
$β$	0.8786	89.43
$γ_{1}$	-0.2598	-4.51
$γ_{2}$	0.4067	4.24
$γ_{3}$	-0.4058	-3.97

V-Lab

Calpine LLC Spline ILLIQ Liquidity Analysis

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Parameter Estimates

News Impact Curve

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