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	param	t-stat
$ω$	0.6548	4.32
$α$	0.1894	7.30
$β$	0.7588	23.46
$γ_{1}$	-0.6114	-0.49
$γ_{2}$	-3.2107	-1.49
$γ_{3}$	8.4315	5.51
$γ_{4}$	-6.6210	-8.11
$γ_{5}$	2.6851	5.55
$γ_{6}$	-0.0669	-0.14
$γ_{7}$	-1.5727	-3.27
$γ_{8}$	1.0818	2.15
$γ_{9}$	0.4814	0.61

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Sohu.com Ltd Spline ILLIQ Liquidity Analysis

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