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	param	t-stat
$ω$	2.8049	4.36
$α$	0.2040	9.42
$β$	0.7950	36.17
$γ_{1}$	0.1618	0.49
$γ_{2}$	-2.5094	-2.12
$γ_{3}$	5.7738	2.56
$γ_{4}$	-3.6111	-1.73
$γ_{5}$	-1.1792	-1.25
$γ_{6}$	1.8218	3.11
$γ_{7}$	-3.2213	-1.25
$γ_{8}$	6.8342	1.40
$γ_{9}$	-5.0628	-1.59
$γ_{10}$	0.9981	0.90

V-Lab

China Everbright Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:233.00 (5.83)

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Parameter Estimates

News Impact Curve

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