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	param	t-stat
$ω$	1.1500	11.57
$α$	0.0263	3.19
$β$	0.9708	84.20
$γ_{1}$	-0.0740	-0.39

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Universal Music Group N V Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:322.15 (-4.94)

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