{name} Model Equation

Spline Coefficients

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Parameter	Value	t-statistic
ω const Unconditional variance weight	1.3817	5.93***
α ARCH Response to squared shocks	0.2765	2.85***
β GARCH Volatility persistence	0.5136	3.49***

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Guangdong Tianyu Semiconductor Co Ltd Spline ILLIQ Liquidity Analysis

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