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	param	t-stat
$ω$	1.8116	5.01
$α$	0.2382	6.48
$β$	0.7353	20.04
$γ_{1}$	-0.3245	-1.16

V-Lab

Fenbi Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Wednesday, February 25th, 2026:926.71 (99.56)

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