[r] Add regression line equation and R^2 on graph

Another option would be to create a custom function generating the equation using dplyr and broom libraries:

get_formula <- function(model) {
  
  broom::tidy(model)[, 1:2] %>%
    mutate(sign = ifelse(sign(estimate) == 1, ' + ', ' - ')) %>% #coeff signs
    mutate_if(is.numeric, ~ abs(round(., 2))) %>% #for improving formatting
    mutate(a = ifelse(term == '(Intercept)', paste0('y ~ ', estimate), paste0(sign, estimate, ' * ', term))) %>%
    summarise(formula = paste(a, collapse = '')) %>%
    as.character
  
}

lm(y ~ x, data = df) -> model
get_formula(model)
#"y ~ 6.22 + 3.16 * x"

scales::percent(summary(model)$r.squared, accuracy = 0.01) -> r_squared

Now we need to add the text to the plot:

p + 
  geom_text(x = 20, y = 300,
            label = get_formula(model),
            color = 'red') +
  geom_text(x = 20, y = 285,
            label = r_squared,
            color = 'blue')

plot

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