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	param	t-stat
$m$	66
$α$	0.0942	0.59
$β$	0.4503	5.14
$γ$	-0.0942	-0.22
$λ_{1}$	10.0000	0.15
$λ_{2}$	0.2344	0.82
$λ_{3}$	0.7450	1.82

V-Lab

Smiles SA ILLIQ-MFMEM Liquidity Analysis

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Parameter Estimates

News Impact Curve

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