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	param	t-stat
$ω$	1.2219	7.11
$α$	0.2040	2.71
$β$	0.0000	0.00
$γ_{1}$	-0.0814	-0.66

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Macquarie Group Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Thursday, February 12th, 2026:12,388,600.00 (1,072,450.00)

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Parameter Estimates

News Impact Curve

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