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	param	t-stat
$ω$	1.1019	5.58
$α$	0.1192	9.33
$β$	0.8661	59.49
$γ_{1}$	-0.4605	-4.20
$γ_{2}$	0.6981	3.89
$γ_{3}$	-0.4269	-2.12

V-Lab

Williams Partners LP Spline ILLIQ Liquidity Analysis

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Parameter Estimates

News Impact Curve

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