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	param	t-stat
$ω$	1.0918	6.79
$α$	0.1365	8.73
$β$	0.8478	47.97
$γ_{1}$	-0.3140	-5.84

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Ningbo Zhenyu Technology Co Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Tuesday, February 24th, 2026:24.66 (-0.40)

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Parameter Estimates

News Impact Curve

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