{name} Model Equation

Spline Coefficients

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Parameter	Value	t-statistic
ω const Unconditional variance weight	0.9446	5.26***
α ARCH Response to squared shocks	0.1070	11.15***
β GARCH Volatility persistence	0.8861	87.51***

γ₁	-0.0896	-4.76***
γ₂	0.1450	4.33***
γ₃	-0.0910	-2.67***

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Powdertech Co Ltd Spline ILLIQ Liquidity Analysis

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