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	param	t-stat
$ω$	1.6309	3.50
$α$	0.3503	5.46
$β$	0.5589	7.25
$γ_{1}$	10.3503	7.20

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Zhengye Biotechnology HO Ltd Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Tuesday, February 24th, 2026:11,992,170.00 (-1,001,070.00)

Date Range:

Parameter Estimates

News Impact Curve

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