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	param	t-stat
$ω$	6.1736	0.00
$α$	0.5462	0.00
$β$	0.4538	0.00
$γ_{1}$	-1.6530	-0.04
$γ_{2}$	2.2869	0.04
$γ_{3}$	-1.1631	-0.03
$γ_{4}$	0.6503	0.01
$γ_{5}$	0.0975	0.00
$γ_{6}$	-0.3573	-0.00
$γ_{7}$	0.2227	0.00

V-Lab

Telefonica Sa Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:4,039,728.00 (1,181,882.00)

Date Range:

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