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Chart Trendline Formulas. Category Formulas Charts Graphics | When you add a trendline to a chart, Excel provides an option to display the trendline equation in .The Format Trendline pane appears. . Choose a Trend Regression type. Click Linear. . Specify the number of periods to include in the forecast. Type in the Forward box. . Check “Display Equation on chart” and “Display R squared value on chart”. Result Explanation Excel uses the method of least squares to find a line that best fits the .