{name} Model Equation

Spline Coefficients

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Parameter	Value	t-statistic
ω const Unconditional variance weight	3.6437	5.39***
α ARCH Response to squared shocks	0.0206	3.34***
β GARCH Volatility persistence	0.9257	247.18***
γ leverage Additional response to negative shocks	0.0716	6.41***

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Smo Clinplus Co Ltd Asymmetric ILLIQ Liquidity Analysis

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