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	param	t-stat
$ω$	1.3102	1.10
$α$	0.3330	2.55
$β$	0.6669	5.11
$γ_{1}$	-14.7391	-5.76
$γ_{2}$	21.1289	5.92
$γ_{3}$	-8.5255	-4.05
$γ_{4}$	2.9688	2.17
$γ_{5}$	-0.4636	-0.40
$γ_{6}$	-0.2646	-0.21
$γ_{7}$	-0.2391	-0.23
$γ_{8}$	-0.1796	-0.19
$γ_{9}$	0.5326	0.43

V-Lab

Toebox Korea Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:230.98 (-16.45)

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Parameter Estimates

News Impact Curve

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