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	param	t-stat
$ω$	1.8030	5.85
$α$	0.2054	18.74
$β$	0.7838	71.02
$γ_{1}$	-0.0055	-1.89

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Daiseki Eco. Solution Co Ltd Spline ILLIQ Liquidity Analysis

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Parameter Estimates

News Impact Curve

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