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	param	t-stat
$ω$	1.0384	0.56
$α$	0.1124	0.38
$β$	0.8876	2.96
$γ_{1}$	-0.0169	-0.38

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Santander Bank Polska SA Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Friday, February 20th, 2026:334.64 (21.68)

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Parameter Estimates

News Impact Curve

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