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	param	t-stat
$ω$	1.6213	10.93
$α$	0.1763	3.88
$β$	0.6310	5.48
$γ_{1}$	-1.0555	-4.96

V-Lab

Zhejiang Hongxin Technology Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Wednesday, February 25th, 2026:162.97 (47.64)

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