In this tutorial, you will learn how to find trendline equation in Google Sheets.
Trendlines are distinctive lines that traders draw on charts to link a sequence of prices or demonstrate the best fit for some data. The trader can then use the resulting line to get a good idea of the potential direction of an investment’s value movement.
Once ready, we’ll get started by utilizing real-world examples to show you how to merge find trendline equation in Google Sheets.
How To Find Trendline Equation in Google Sheets
Quick Navigation
Before we begin we will need a group of data to be used to find trendline equation in Google Sheets.
Step 1
First, you need to have a clean and tidy group of data to work with.
Step 2
Select the entire data cell, choose Insert, and select Chart.
Step 3
By default, Google Sheets will use the selected data group to generate a line chart. Simply select scatter chart.
Step 4
Now, you can customize the scatter chart to your preference. We will change the chart title to ‘Enjoyment Metric’ for a better representation of the scatter chart. Also, to emphasize the chart title, we will also change the text color to black, bold it, and align it to the center.
Step 5
After customizing your chart, you will see something like this.
Step 6
To find the trendline equation, you need to select ‘Trendline’ and then select ‘Use Equation’ as your Label. Last, select ‘Show R2’.
Step 7
Your chart will look like this after you insert the trendline equation.
Summary
That’s all there is to it. You are welcome to copy the example spreadsheet below to see how it is done. The most crucial lesson is to enjoy yourself while doing it.
Example Spreadsheet: Make a copy of the example spreadsheet
In this tutorial, I covered how to find trendline equation in Google Sheets. Want more? Check out all the Google Sheets Tutorials.