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	param	t-stat
$ω$	13.5503	1.64
$α$	0.2568	2.92
$β$	0.6226	10.00
$γ_{1}$	3.0981	2.75
$γ_{2}$	-2.7710	-1.84
$γ_{3}$	-0.3432	-0.50
$γ_{4}$	-0.2378	-0.54
$γ_{5}$	0.5056	1.02

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Friends Life Group Ltd Spline ILLIQ Liquidity Analysis

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