mary.claytonJan 12, 2022 · 3 years ago2 answers Can the R-squared value be used to predict the future performance of cryptocurrencies?
Is it possible to use the R-squared value to accurately predict the future performance of cryptocurrencies? I've heard that the R-squared value is commonly used in statistical analysis to measure the strength of the relationship between variables. Can this statistical measure be applied to the highly volatile and unpredictable nature of cryptocurrencies? Are there any limitations or challenges in using the R-squared value as a predictive tool for cryptocurrencies?