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	param	t-stat
$ω$	0.9287	5.04
$α$	0.4342	4.62
$β$	0.3375	2.84
$γ_{1}$	-2.3590	-4.44

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Effwa Infra & Research Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, January 12th, 2026:8,908.20 (5,870.72)

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