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	param	t-stat
$ω$	1.0205	6.83
$α$	0.0764	5.51
$β$	0.9151	59.77
$γ_{1}$	-0.2406	-2.69

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Hangzhou Honghua Digital Technology Stock Co Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Tuesday, February 24th, 2026:123.59 (-2.05)

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