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	param	t-stat
$ω$	0.8307	2.51
$α$	0.1915	9.28
$β$	0.8009	36.26
$γ_{1}$	0.0838	0.62
$γ_{2}$	0.4050	1.71
$γ_{3}$	-0.8826	-3.45

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Huazhang Technology Holding Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:6,384,492.00 (-889,017.00)

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