{name} Model Equation

Spline Coefficients

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Parameter	Value	t-statistic
ω const Unconditional variance weight	1.1005	5.12***
α ARCH Response to squared shocks	0.1476	12.18***
β GARCH Volatility persistence	0.8521	70.95***

γ₁	-0.2491	-4.79***
γ₂	0.3910	4.75***
γ₃	-0.4004	-4.09***
γ₄	0.7398	3.78***

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3M India Ltd Spline ILLIQ Liquidity Analysis

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