1. You have to calculate the statistics of the image first for the min and max values.
2. You need to convert your image to float utilizing something like this in the formula: e.g., float(b1) * float(b2)....where b1 and b2 represent bands.
Also, there is an equation that linked LAI to NDVI. I believe it is LAI = 0.57*exp(2.33*NDVI). Therefore, you can calculate the NDVI first and use this relationship to calculate the LAI.
The attached document is a User-Guide of how to calculate LAI from MODIS satellite data. https://lpdaac.usgs.gov/sites/default/files/public/modis/docs/MODIS-LAI-FPAR-User-Guide.pdf
I found that many of the comments are asking for the reference of the equation between LAI and NDVI , " LAI = 0.57*exp(2.33*NDVI) " That Eric Ariel L. Salas mentioned .
I found that the equation was developed by a Japanees team from Rissho University and you can find the source in this link :
However, The equation was developed for forest LAI calculation which is different form crop LAI. Also, the the R2 value was low , (R2=0.46).
So, I added this comment in case Vasileios Kotinas or someone else found this question and needed to use the equation. You should take into account those limiting factors.
Thank you so much for the information. Will you please tell the values from the MODIS are highly correlated with the ground measurements of LAI ffrom LAI meter?
What could be the difference in MODIS and ground LAI data?
Welcome dear Vricha Chavan , the main difference that i observed is saturation occur after LAI 4.0. but before 4.0 it has high correlation with ground data