[Retracted] Interbank Offered Rate Based on Artificial Intelligence Algorithm

Table 2

Correlation test (a).

		Supply of currency (M2)	Consumer price index (CPI)
Overnight Shibor	Pearson correlation significance (bilateral) N	0.318	0.362
		0.001	0
		0.108	0.108
		Purchasing managers’ index (PMI)	Foreign direct investment data (FDI)
Overnight Shibor	Pearson correlation significance (bilateral) N	−0.213	0.3500
		0.027
		0.108	0.108
		Weighted average interest rate of nationwide interbank pledged repo (one day)	The difference between deposit and loan of RMB in financial institutions
Overnight Shibor	Pearson correlation significance (bilateral) N	0.989	0.289
		0	0.002
		0.108	0.108
Correlation test (b)
		Supply of currency (M2)	Consumer price index (CPI)
Overnight Shibor (lag)	Pearson correlation significance (bilateral) N	0.315	0.373
		0.001	0
		0.107	0.107
		Purchasing managers’ index (PMI)	Foreign direct investment data (FDI)
Overnight Shibor (lag)	Pearson correlation significance (bilateral) N	−0.088	0.3600
		0.369
		0.107	0.107
		Weighted average interest rate of nationwide interbank pledged repo (one day)	The difference between deposit and loan of RMB in financial institutions
Overnight Shibor (lag)	Pearson correlation significance (bilateral) N	0.712	0.296
		0	0.002
		0.107	0.107