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	param	t-stat
$m$	116
$α$	0.4443	2.95
$β$	0.6669	57.37
$γ$	-0.4443	-1.81
$λ_{1}$	9.9083	2.99
$λ_{2}$	0.0000	0.00
$λ_{3}$	0.2396	10.53

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Penn Millers Holding Corp ILLIQ-MFMEM Liquidity Analysis

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Parameter Estimates

News Impact Curve

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