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	param	t-stat
$m$	36
$α$	0.1507	0.11
$β$	0.8744	209.08
$γ$	-0.0504	-0.02
$λ_{1}$	0.0000	0.17
$λ_{2}$	0.1982	0.18
$λ_{3}$	0.7825	1.08

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Town Sports International Holdings Inc ILLIQ-MFMEM Liquidity Analysis

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Parameter Estimates

News Impact Curve

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