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	param	t-stat
$ω$	0.2286	6.38
$α$	0.1780	3.51
$β$	0.5358	4.59
$γ_{1}$	1.4293	4.70
$γ_{2}$	-2.2935	-3.76

V-Lab

Shengfeng Development Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:14,215,310.00 (534,830.00)

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Parameter Estimates

News Impact Curve

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