{name} Model Equation

Spline Coefficients

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Parameter	Value	t-statistic
ω const Unconditional variance weight	1.0280	9.24***
α ARCH Response to squared shocks	0.0962	7.98***
β GARCH Volatility persistence	0.7853	134.25***
γ leverage Additional response to negative shocks	0.2371	4.17***

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Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd Asymmetric ILLIQ Liquidity Analysis

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