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	param	t-stat
$ω$	0.5248	3.98
$α$	0.0935	4.38
$β$	0.8606	26.87
$γ_{1}$	-0.8637	-0.81
$γ_{2}$	1.2712	0.76
$γ_{3}$	0.8095	0.63
$γ_{4}$	-3.5657	-3.48
$γ_{5}$	4.4487	4.20
$γ_{6}$	-4.5396	-3.12
$γ_{7}$	5.6985	2.33

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KPa-BM Holdings Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:1,838,620.00 (-134,189.00)

Date Range:

Parameter Estimates

News Impact Curve

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