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	param	t-stat
$ω$	2.8752	5.31
$α$	0.0894	8.45
$β$	0.8977	71.59
$γ_{1}$	-0.0247	-3.11
$γ_{2}$	0.0485	3.84
$γ_{3}$	-0.0145	-1.48

V-Lab

Naspers Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:7.79 (-0.38)

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News Impact Curve

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