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	param	t-stat
$ω$	0.6084	0.17
$α$	0.2874	0.08
$β$	0.7126	0.20
$γ_{1}$	-0.7094	-0.18

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Fangdd Network Group Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:990,692.70 (310,321.90)

Date Range:

Parameter Estimates

News Impact Curve

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