The function which grows or decreases at a constant % growth rate is known as an exponential function, and further discussion can be defined as follows:
This equation can be written as [tex]\bold{ f(x) = a(1 + r)^x\ or\ f(x) = ab^x}[/tex], where [tex]\bold{b = 1 + r}[/tex].
These functions were frequently used to represent real-world applications.
These bacterial growth & decay, demographic growth or decline, and compound interest.
Growth curve modeling is a statistical technique for examining change over time using observational studies.
