{name} Model Equation

Spline Coefficients

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Parameter	Value	t-statistic
ω const Unconditional variance weight	1.3033	5.18***
α ARCH Response to squared shocks	0.1252	12.56***
β GARCH Volatility persistence	0.8730	86.26***

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Pulstec Industrial Co Ltd Spline ILLIQ Liquidity Analysis

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