From business to engineering to cooking to fashion, data is everywhere. Sets of data can inform us about past, present, and future time periods and how those time periods impacted our career or business. Sets of data can be organized into a model, which can better serve you, your employees, and/or a future investor. Creating a exponential model from a set of data creates an efficient line of communication that helps people understand what a set of data represents.
Compared to a linear model, an exponential is NOT a straight line. Exponential graphs have a curve like a boomerang or crescent moon. Be careful! There are graphs that have curves as well.
There are four components of an exponential model:
Here are some quick notes:
Here is a video with examples: