{name} Model Equation

Spline Coefficients

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Parameter	Value	t-statistic
ω const Unconditional variance weight	0.6609	1.97**
α ARCH Response to squared shocks	0.5564	1.58
β GARCH Volatility persistence	0.2248	1.54

γ₁	-1.4957	-2.46**
γ₂	-0.1459	-0.16
γ₃	3.9779	5.79***
γ₄	-3.3625	-5.01***

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Clarity Pharmaceuticals Ltd Spline ILLIQ Liquidity Analysis

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