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	param	t-stat
$ω$	1.4663	9.40
$α$	0.1632	7.07
$β$	0.7943	27.18
$γ_{1}$	-0.2503	-5.99

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Shenzhen Hongfuhan Technology Co Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Tuesday, February 24th, 2026:99.83 (8.59)

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Parameter Estimates

News Impact Curve

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