Normalized Difference Vegetation Index (NDVI)

"The normalized difference vegetation index (NDVI) is a standardized index allowing you to generate an image displaying greenness, also known as relative biomass. This index takes advantage of the contrast of characteristics between two bands from a multispectral raster dataset—the chlorophyll pigment absorption in the red band and the high reflectivity of plant material in the near-infrared (NIR) band.

The documented and default NDVI equation is as follows:

NDVI = (NIR - Red) / (NIR + Red)

    NIR = pixel values from the near-infrared band
    Red = pixel values from the red band

This index outputs values between -1.0 and 1.0." (ESRI, 2018)

Sources

"Indices gallery". ArcGIS Pro, ESRI. 2018. 
http://pro.arcgis.com/en/pro-app/help/data/imagery/indices-gallery.htm.
Accessed February 1, 2019.