Final answer:
Exponential regression is used to fit an exponential growth or decay model to a given data set. In this case, the fitted exponential regression equation is y = 38.47 * 0.99^x.
Step-by-step explanation:
Exponential regression is used to model data that exhibit exponential growth or decay. In this case, we have the data set with x and y values and we are asked to fit an exponential regression model to it.
To fit the exponential regression, we need to find the equation of the form y = ab^x that best fits the data. We can use logarithms to transform the equation into a linear form and then apply linear regression.
Using the given data set, the exponential regression equation is y = 38.47 * 0.99^x.