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	param	t-stat
$ω$	0.8790	7.48
$α$	0.2499	16.10
$β$	0.7297	45.10
$γ_{1}$	-0.0555	-5.47

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Tonymoly Co Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:9.43 (2.32)

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News Impact Curve

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