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	param	t-stat
$ω$	0.8316	3.65
$α$	0.0663	1.39
$β$	0.7146	3.32
$γ_{1}$	0.4735	0.85
$γ_{2}$	-1.5250	-1.51

V-Lab

Terna Spa Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Friday, February 20th, 2026:25,105,140.00 (7,013,520.00)

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