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	param	t-stat
$ω$	0.9464	8.40
$α$	0.0864	5.83
$β$	0.8921	43.42
$γ_{1}$	-0.0693	-1.29

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Expensify Inc Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Tuesday, February 24th, 2026:45,858.46 (2,497.74)

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Parameter Estimates

News Impact Curve

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