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	param	t-stat
$ω$	0.7828	6.34
$α$	0.0829	7.07
$β$	0.9148	74.43
$γ_{1}$	-0.0034	-0.12
$γ_{2}$	0.2038	3.45

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Telefonica Deutschland Holding AG Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:209,308.10 (-5,738.00)

Date Range:

Parameter Estimates

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