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	param	t-stat
$ω$	0.4345	0.04
$α$	0.3514	0.00
$β$	0.6486	0.01
$γ_{1}$	-3.5893	-0.01
$γ_{2}$	4.0080	0.01

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Zhihu Inc Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Tuesday, February 24th, 2026:35,945.83 (-5,683.18)

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