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	param	t-stat
$m$	41
$α$	0.0712	1.49
$β$	0.8548	50.36
$γ$	0.1370	2.10
$λ_{1}$	0.4562	2.48
$λ_{2}$	0.0602	8.08
$λ_{3}$	0.9393	18.36

V-Lab

Telefonica SA ILLIQ-MFMEM Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:246.12 (-11.08)

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News Impact Curve

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