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	param	t-stat
$ω$	1.7859	3.82
$α$	0.0367	0.29
$β$	0.2222	0.22
$γ_{1}$	-2.0649	-0.97

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Sandoz Group AG Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:554,100.00 (-11,063.00)

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Parameter Estimates

News Impact Curve

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