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	param	t-stat
$ω$	5.0000	0.03
$α$	0.1175	6.61
$β$	0.8030	151.65
$γ$	0.1591	3.07

V-Lab

Zhihu Inc Asymmetric ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:41,772.47 (-2,000.17)

Date Range:

Parameter Estimates

News Impact Curve

Liquidity Forecasts

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