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	param	t-stat
$ω$	0.3610	6.45
$α$	0.3005	10.44
$β$	0.4903	21.99
$γ_{1}$	-0.0050	-0.20
$γ_{2}$	-0.1594	-3.97

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Trammell Crow Co Spline ILLIQ Liquidity Analysis

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Parameter Estimates

News Impact Curve

Liquidity Forecasts

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