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	param	t-stat
$ω$	1.0727	6.13
$α$	0.0964	9.51
$β$	0.9032	88.23
$γ_{1}$	-0.0084	-2.29

V-Lab

Pierre & Vacances SA Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Friday, February 20th, 2026:31,149.55 (293.71)

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News Impact Curve

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