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Why are the cars values modeled by exponential functions and not linear function?

Why are the cars values modeled by exponential functions and not linear function?-example-1
User Corcus
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1 Answer

14 votes
14 votes
If the 1st differences of consecutive y-values are constant or very nearly constant then a linear model will probably fit well. If the ratios of consecutive y-values are constant or very nearly constant then an exponential model will likely work well.
User Alexey K
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