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	param	t-stat
$ω$	1.2382	4.57
$α$	0.1511	6.24
$β$	0.8232	23.89
$γ_{1}$	-0.1745	-1.90

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Directa S I M P A Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Friday, February 20th, 2026:793,871.00 (205,775.20)

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