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	param	t-stat
$ω$	3.5915	4.00
$α$	0.2838	2.80
$β$	0.3360	2.54
$γ_{1}$	5.4911	2.85
$γ_{2}$	-4.3415	-1.54
$γ_{3}$	-4.0043	-2.14
$γ_{4}$	10.0973	4.54

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Fuguiniao Co Ltd Spline ILLIQ Liquidity Analysis

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Parameter Estimates

News Impact Curve

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