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	param	t-stat
$ω$	0.7038	3.13
$α$	0.0739	4.31
$β$	0.9191	48.62
$γ_{1}$	0.3350	0.70
$γ_{2}$	-1.3238	-1.64
$γ_{3}$	3.1160	4.86
$γ_{4}$	-4.5505	-6.33

V-Lab

C Cheng Holdings Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Friday, February 20th, 2026:1,599,225.00 (108,069.00)

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Parameter Estimates

News Impact Curve

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