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	param	t-stat
$ω$	1.0636	7.25
$α$	0.1717	17.59
$β$	0.8279	87.09
$γ_{1}$	-0.0717	-2.23
$γ_{2}$	0.1167	2.69
$γ_{3}$	-0.1746	-6.13

V-Lab

Hong Tai Electron Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:196.19 (-30.23)

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Parameter Estimates

News Impact Curve

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