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	param	t-stat
$ω$	0.7164	6.31
$α$	0.2672	32.11
$β$	0.7325	87.71
$γ_{1}$	-1.7135	-3.64
$γ_{2}$	4.2582	4.00
$γ_{3}$	-3.9919	-4.08
$γ_{4}$	1.3258	2.71
$γ_{5}$	0.3696	2.06
$γ_{6}$	-0.2470	-1.95
$γ_{7}$	-0.0961	-0.51
$γ_{8}$	0.2693	0.82

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State Grid Information & Communication Co Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Tuesday, February 24th, 2026:54.97 (4.69)

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Parameter Estimates

News Impact Curve

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