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	param	t-stat
$ω$	1.5871	7.69
$α$	0.1745	8.28
$β$	0.7838	30.34
$γ_{1}$	-0.1243	-4.01

V-Lab

Friend Co Ltd/China Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Tuesday, February 24th, 2026:190.60 (17.05)

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Parameter Estimates

News Impact Curve

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