Variable List Abbreviation: LinRegRSqd
Variable Mode(s): Standard, Stock, Futures1, and Futures2
[ Note: uses selected close variable in Stock, Futures1, and Futures2 modes ]
Parameter(s): LinRegRSqd time periods
Description:
The coefficient of determination is a measure of the strength of the linear regression line fitted to the last n (time periods) time periods of values. A coefficient of regression near one indicates a strong positive linear relationship between the values and time. A coefficient of regression near negative one indicates a strong negative linear relationship between the values and time. A coefficient of regression near zero indicates a weak linear relationship between the values and time.
