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Using Excel, I have a result of R squared = 0.00026 or .026%... that means only .026% of the data in my regression model can

Using Excel, I have a result of R squared = 0.00026 or .026%... that means only .026% of the data in my regression model can be explained. I assume then that to develop a regression model would not be appropriate for my scatterplot. What are the alternatives?

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