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	param	t-stat
$ω$	1.8054	5.43
$α$	0.1218	10.74
$β$	0.8564	66.26
$γ_{1}$	0.0648	1.76
$γ_{2}$	-0.0101	-0.18
$γ_{3}$	-0.1315	-3.87
$γ_{4}$	0.1037	3.49
$γ_{5}$	-0.2800	-3.89

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Wincanton plc Spline ILLIQ Liquidity Analysis

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Parameter Estimates

News Impact Curve

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