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	param	t-stat
$ω$	1.6749	10.06
$α$	0.0828	2.05
$β$	0.7162	4.43
$γ_{1}$	-0.1960	-1.06

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NAM A Commercial Joint Stock Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:0.25 (-0.02)

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Parameter Estimates

News Impact Curve

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