Exponential and Logarithmic Models: Learn It 5

Exponential Regression

As we have learned, there are a multitude of situations that can be modeled by exponential functions, such as investment growth, radioactive decay, atmospheric pressure changes, and temperatures of a cooling object. What do these phenomena have in common? For one thing, all the models either increase or decrease as time moves forward. But that’s not the whole story. It’s the way data increase or decrease that helps us determine whether it is best modeled by an exponential function. Knowing the behavior of exponential functions in general allows us to recognize when to use exponential regression, so let’s review exponential growth and decay.

Recall that exponential functions have the form [latex]y=a{b}^{x}[/latex] or [latex]y={A}_{0}{e}^{kx}[/latex]. When performing regression analysis, we use the form most commonly used on graphing utilities, [latex]y=a{b}^{x}[/latex]. Take a moment to reflect on the characteristics we’ve already learned about the exponential function [latex]y=a{b}^{x}[/latex] (assume [latex]a > 0[/latex]):

  • [latex]b[/latex] must be greater than zero and not equal to one.
  • The initial value of the model is [latex]a[/latex].
    • If [latex]b > 1[/latex], the function models exponential growth. As [latex]x[/latex] increases, the outputs of the model increase slowly at first, but then increase more and more rapidly, without bound.
    • If [latex]0 < b < 1[/latex], the function models exponential decay. As [latex]x[/latex] increases, the outputs for the model decrease rapidly at first and then level off to become asymptotic to the [latex]x[/latex]-axis. In other words, the outputs never become equal to or less than zero.

exponential regression

Exponential regression is used to model situations in which growth begins slowly and then accelerates rapidly without bound, or where decay begins rapidly and then slows down to get closer and closer to zero.  The exponential regression equation is of the form

[latex]y=a{b}^{x}[/latex]

Note that:

  • [latex]b[/latex] must be non-negative.
  • When [latex]b \gt 1[/latex], we have an exponential growth model.
  • When [latex]0 \lt b \lt 1[/latex], we have an exponential decay model.
Given a set of data, perform exponential regression using a graphing utility.

  1. Use the STAT then EDIT menu to enter given data.
    1. Clear any existing data from the lists.
    2. List the input values in the L1 column.
    3. List the output values in the L2 column.
  2. Graph and observe a scatter plot of the data using the STATPLOT feature.
    1. Use ZOOM [9] to adjust axes to fit the data.
    2. Verify the data follow an exponential pattern.
  3. Find the equation that models the data.
    1. Select “ExpReg” from the STAT then CALC menu.
    2. Use the values returned for [latex]a[/latex] and [latex]b[/latex] to record the model.
  4. Graph the model in the same window as the scatterplot to verify it is a good fit for the data.
In 2007, a university study was published investigating the crash risk of alcohol impaired driving. Data from [latex]2,871[/latex] crashes were used to measure the association of a person’s blood alcohol level (BAC) with the risk of being in an accident.
[latex]\\[/latex]
The table below shows results from the study.[1] The relative risk is a measure of how many times more likely a person is to crash. So, for example, a person with a BAC of [latex]0.09[/latex] is [latex]3.54[/latex] times as likely to crash as a person who has not been drinking alcohol.

BAC [latex]0[/latex] [latex]0.01[/latex] [latex]0.03[/latex] [latex]0.05[/latex] [latex]0.07[/latex] [latex]0.09[/latex]
Relative Risk of Crashing [latex]1[/latex] [latex]1.03[/latex] [latex]1.06[/latex] [latex]1.38[/latex] [latex]2.09[/latex] [latex]3.54[/latex]
BAC [latex]0.11[/latex] [latex]0.13[/latex] [latex]0.15[/latex] [latex]0.17[/latex] [latex]0.19[/latex] [latex]0.21[/latex]
Relative Risk of Crashing [latex]6.41[/latex] [latex]12.6[/latex] [latex]22.1[/latex] [latex]39.05[/latex] [latex]65.32[/latex] [latex]99.78[/latex]
  1. Let [latex]x[/latex] represent the BAC level and let [latex]y[/latex]represent the corresponding relative risk. Use exponential regression to fit a model to these data.
  2. After [latex]6[/latex] drinks, a person weighing [latex]160[/latex] pounds will have a BAC of about [latex]0.16[/latex]. How many times more likely is a person with this weight to crash if they drive after having a [latex]6[/latex]-pack of beer? Round to the nearest hundredth.

Is it reasonable to assume that an exponential regression model will represent a situation indefinitely?

No. Remember that models are formed by real-world data gathered for regression. It is usually reasonable to make estimates within the interval of original observation (interpolation). However, when a model is used to make predictions, it is important to use reasoning skills to determine whether the model makes sense for inputs far beyond the original observation interval (extrapolation).

  1. Source: Indiana University Center for Studies of Law in Action, 2007 ↵