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	param	t-stat
$ω$	1.1390	2.79
$α$	0.1138	7.28
$β$	0.8845	56.69
$γ_{1}$	-1.7912	-3.32
$γ_{2}$	3.1544	4.08
$γ_{3}$	-2.8892	-5.39
$γ_{4}$	3.0400	7.32
$γ_{5}$	-3.5893	-6.27
$γ_{6}$	4.0540	4.60
$γ_{7}$	-2.4213	-3.18
$γ_{8}$	0.5388	0.75
$γ_{9}$	-0.2167	-0.34

V-Lab

PBG SA/ Brazil Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:35,709.90 (2,160.50)

Date Range:

Parameter Estimates

News Impact Curve

Liquidity Forecasts

Other PBG SA/ Brazil Analyses