An exponential regression is the process of finding the equation of the exponential function that fits best for a set of data. As a result, we get an equation of the form where .
The relative predictive power of an exponential model is denoted by . The value of varies between and . The more close the value is to , the more accurate the model is.
Consider the set of data. Determine the exponential regression for the set.
Enter the -coordinates and -coordinates in your calculator and do an exponential regression. The equation of the function that best approximates the points is .
Plot the graph. You should get a graph like this.