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The linear trendline on a chart is a least squares fit to the data. You can display both coefficients and R-squared.
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Is the linear trendline (in the picture) actually R squared? &nbsp;or is it based on some other formula.<br />
<a href="https://filedb.experts-exchange.com/incoming/2011/11_w46/520544/trendlines.jpg" target="_blank" class="file-inline" title="trendlines (87 KB)"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path d="M67.508 468.467c-58.005-58.013-58.016-151.92 0-209.943l225.011-225.04c44.643-44.645 117.279-44.645 161.92 0 44.743 44.749 44.753 117.186 0 161.944l-189.465 189.49c-31.41 31.413-82.518 31.412-113.926.001-31.479-31.482-31.49-82.453 0-113.944L311.51 110.491c4.687-4.687 12.286-4.687 16.972 0l16.967 16.971c4.685 4.686 4.685 12.283 0 16.969L184.983 304.917c-12.724 12.724-12.73 33.328 0 46.058 12.696 12.697 33.356 12.699 46.054-.001l189.465-189.489c25.987-25.989 25.994-68.06.001-94.056-25.931-25.934-68.119-25.932-94.049 0l-225.01 225.039c-39.249 39.252-39.258 102.795-.001 142.057 39.285 39.29 102.885 39.287 142.162-.028A739446.174 739446.174 0 0 1 439.497 238.49c4.686-4.687 12.282-4.684 16.969.004l16.967 16.971c4.685 4.686 4.689 12.279.004 16.965a755654.128 755654.128 0 0 0-195.881 195.996c-58.034 58.092-152.004 58.093-210.048.041z"/></svg>trendlines.jpg</a>
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trendlines.jpg

Is the linear trendline (in the picture) actually R squared?  or is it based on some other formula.

The linear trendline on a chart is a least squares fit to the data. You can display both coefficients and R-squared.

Excel 2010 - Linear Trendlines - How are they calculated

Microsoft Excel topics include formulas, formatting, VBA macros and user-defined functions, and everything else related to the spreadsheet user interface, including error messages.