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	param	t-stat
$ω$	0.6988	14.82
$α$	0.3686	6.20
$β$	0.6312	10.65
$γ_{1}$	-27.1150	-3.22

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Phoenix Asia Holdings Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:52,931.90 (-3,994.05)

Date Range:

Parameter Estimates

News Impact Curve

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