{name} Model Equation

Spline Coefficients

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Parameter	Value	t-statistic
ω const Unconditional variance weight	0.9782	8.64***
α ARCH Response to squared shocks	0.2356	8.88***
β GARCH Volatility persistence	0.6115	15.97***

γ₁	-0.3786	-8.12***
γ₂	0.5245	5.92***

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Elegant Home-Tech Co Ltd Spline ILLIQ Liquidity Analysis

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