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	param	t-stat
$ω$	1.2334	7.43
$α$	0.1438	6.82
$β$	0.8130	30.17
$γ_{1}$	-0.2346	-3.67

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Nio Inc Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Friday, February 20th, 2026:40,615.44 (21,075.07)

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News Impact Curve

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