![]() We can also use the LINEST function in excel LINEST Function In Excel The built-in LINEST Function in Excel calculates statistics for a line by the least-squares regression method & returns an array that defines the line proving to be well-suited for the given data.read more based on the number of independent variables in the data set. read more which is used to indicate the goodness of fit.Īdjusted R Square: This is the adjusted value for R Square Adjusted Value For R Square Adjusted R Squared refers to the statistical tool which helps the investors in measuring the extent of the variance of the variable which is dependent that can be explained with the independent variable and it considers the impact of only those independent variables which have an impact on the variation of the dependent variable. Therefore, the higher the coefficient, the better the regression equation is, as it implies that the independent variable is chosen wisely. R Square: It is the coefficient of determination Coefficient Of Determination Coefficient of determination, also known as R Squared determines the extent of the variance of the dependent variable which can be explained by the independent variable. -1 indicates a strong negative relationship.1 Indicates a strong positive relationship. ![]() ![]() The Correlation Coefficient is the value between -1 and 1. Multiple R: This calculation refers to the correlation coefficient, which measures the strength of a linear relationship between two variables. ![]()
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