raushan bhardwajNov 28, 2021 · 3 years ago8 answers Can R squared in finance be used to predict the future price movements of cryptocurrencies?
Is it possible to use R squared, a statistical measure of how well the regression line fits the data, in the field of finance to accurately predict the future price movements of cryptocurrencies? Can this measure be applied to the highly volatile and unpredictable nature of the cryptocurrency market? How reliable is R squared as a predictive tool for cryptocurrency price movements?