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	param	t-stat
$ω$	1.4678	4.12
$α$	0.1086	12.41
$β$	0.8804	89.04
$γ_{1}$	0.0180	1.31
$γ_{2}$	-0.0496	-2.57
$γ_{3}$	0.0238	1.57

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BTG PLC Spline ILLIQ Liquidity Analysis

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Parameter Estimates

News Impact Curve

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