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	param	t-stat
$ω$	0.8092	0.46
$α$	0.2662	0.16
$β$	0.7338	0.44
$γ_{1}$	-0.0144	-0.96

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Hainan Development Holdings Nanhai Co Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Tuesday, February 24th, 2026:33.11 (0.68)

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Parameter Estimates

News Impact Curve

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