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	param	t-stat
$m$	126
$α$	0.1684	2.28
$β$	0.9097	135.78
$γ$	-0.1563	-1.03
$λ_{1}$	10.0000	0.17
$λ_{2}$	0.0004	2.44
$λ_{3}$	0.9995	3,094.47

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Phoenix Media Investment Holdings Ltd ILLIQ-MFMEM Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:291,513.40 (122,311.60)

Date Range:

Parameter Estimates

News Impact Curve

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