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	param	t-stat
$ω$	1.4224	2.31
$α$	0.0924	4.89
$β$	0.8786	35.40
$γ_{1}$	0.2592	0.56
$γ_{2}$	-0.1942	-0.33
$γ_{3}$	-0.2705	-0.67
$γ_{4}$	-0.2161	-0.48
$γ_{5}$	1.4942	2.39
$γ_{6}$	-2.7168	-3.56
$γ_{7}$	3.2508	4.75
$γ_{8}$	-2.6014	-5.14
$γ_{9}$	1.3389	2.13

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Community Bankers Trust Corp Spline ILLIQ Liquidity Analysis

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Parameter Estimates

News Impact Curve

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