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	param	t-stat
$ω$	1.2939	10.17
$α$	0.1683	5.53
$β$	0.7625	17.26
$γ_{1}$	-0.6471	-5.93

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Jiaxing Zmax Optech Co Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Tuesday, February 24th, 2026:88.92 (-10.41)

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