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	param	t-stat
$ω$	1.0513	8.35
$α$	0.0893	1.50
$β$	0.0364	0.08
$γ_{1}$	-1.0838	-3.38

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Migao Group Holdings Limited Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Friday, January 16th, 2026:3,676.68 (-310.24)

Date Range:

Parameter Estimates

News Impact Curve

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