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	param	t-stat
$ω$	1.4610	12.05
$α$	0.2297	9.00
$β$	0.5781	18.63
$γ_{1}$	0.0938	5.04
$γ_{2}$	-0.1618	-4.64

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Caitong Securities Co.,Ltd. Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Tuesday, February 24th, 2026:32.22 (7.09)

Date Range:

Parameter Estimates

News Impact Curve

Liquidity Forecasts

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