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	param	t-stat
$ω$	5.0669	6.83
$α$	0.0943	10.11
$β$	0.8812	74.10
$γ_{1}$	0.1331	0.82
$γ_{2}$	0.3225	1.22
$γ_{3}$	-0.7237	-3.93
$γ_{4}$	0.3986	2.63
$γ_{5}$	-0.2020	-1.47
$γ_{6}$	-0.0532	-0.43
$γ_{7}$	0.3374	2.51
$γ_{8}$	-0.3345	-2.18
$γ_{9}$	0.5591	2.57

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Countrywide Financial Spline ILLIQ Liquidity Analysis

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