the decay factor is 0.4
The model: y = 4520(0.6)
Using the exponential decay formula:
Comparing both equations:
y = y
a = 4520
(1 - r) = (0.6)
1 - r = 0.6
1 - 0.6 = r
r = 0.4
Hence, the decay factor is 0.4
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