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	param	t-stat
$ω$	1.9785	0.32
$α$	0.2951	0.37
$β$	0.7049	0.88
$γ_{1}$	0.0668	0.21
$γ_{2}$	-1.2621	-1.51
$γ_{3}$	3.8841	2.22
$γ_{4}$	-4.4776	-2.25
$γ_{5}$	2.3293	2.25
$γ_{6}$	-2.3264	-2.65
$γ_{7}$	4.5302	2.18
$γ_{8}$	-5.9398	-5.41
$γ_{9}$	9.0716	2.09

V-Lab

Tianjin Futong Information Science & Technology Co Ltd Spline ILLIQ Liquidity Analysis

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Parameter Estimates

News Impact Curve

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