It's more commonly known as r-squared. Skip ... The coefficient of determination is the square of the correlation coefficient, ... You get an r2 of 0.347 using this formula and highlighting ...

Calculate R-squared in Microsoft Excel by creating two data ranges to correlate. Use the correlation formula to correlate both sets of data, or x and y.

The formula for Pearson’s correlation coefficient, r, relates to how closely a line of best fit, or how well a linear regression, predicts the relationship between the two variables. It is presented ...

A correlation coefficient or R-squared of +1 is a predictor of perfect correlation. A value of -1 equals perfectly negative correlation - meaning, if the S&P 500 went up by 5%, your asset would go ...