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Financial Innovation

Table 2 The goodness of fit criteria of the models

From: Recent innovation in benchmark rates (BMR): evidence from influential factors on Turkish Lira Overnight Reference Interest Rate with machine learning algorithms

Algorithm

R square (%)

RMSE

MAE

Random forest

99.1

0.610

0.415

Support vector machines

94.5

1.505

1.164

OLS regression

91.2

1.804

1.375

k-nearest neighbors

63.6

3.822

2.684

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