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	param	t-stat
$ω$	0.0760	0.08
$α$	0.2717	0.00
$β$	0.7283	0.01
$γ_{1}$	-3.3194	-0.00
$γ_{2}$	3.4567	0.00
$γ_{3}$	0.5154	0.00
$γ_{4}$	-0.8851	-0.01
$γ_{5}$	-1.2053	-0.05

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Xcel Brands Inc Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:620,739.80 (94,602.00)

Date Range:

Parameter Estimates

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