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	param	t-stat
$ω$	0.2491	4.68
$α$	0.0657	1.58
$β$	0.5172	1.90
$γ_{1}$	-1.7032	-1.33
$γ_{2}$	1.8789	1.09
$γ_{3}$	0.7284	0.89
$γ_{4}$	-1.3139	-1.51
$γ_{5}$	0.6919	0.34
$γ_{6}$	-4.9228	-0.93

V-Lab

JD.com Inc Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:1,534,667.00 (-122,402.00)

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