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	param	t-stat
$ω$	0.9554	6.36
$α$	0.0598	14.07
$β$	0.9367	205.78
$γ_{1}$	0.0045	2.06
$γ_{2}$	-0.0036	-0.87

V-Lab

Novartis AG Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:21.68 (-1.30)

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News Impact Curve

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