{name} Model Equation

Spline Coefficients

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Parameter	Value	t-statistic
ω const Unconditional variance weight	5.0000	5.90***
α ARCH Response to squared shocks	0.0742	23.36***
β GARCH Volatility persistence	0.8904	505.90***
γ leverage Additional response to negative shocks	0.0708	13.82***

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Dkk Toa Corp Asymmetric ILLIQ Liquidity Analysis

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