15.7 - Exponential Regression Example | STAT 501
online.stat.psu.edu › stat501 › lessonOne simple nonlinear model is the exponential regression model. y i = β 0 + β 1 exp. . ( β 2 x i, 1 + … + β p + 1 x i, 1) + ϵ i, where the ϵ i are iid normal with mean 0 and constant variance σ 2. Notice that if β 0 = 0, then the above is intrinsically linear by taking the natural logarithm of both sides. Exponential regression is probably one of the simplest nonlinear regression models.
Exponential Regression - Varsity Tutors
www.varsitytutors.com › exponential-regressionAn exponential regression is the process of finding the equation of the exponential function that fits best for a set of data. As a result, we get an equation of the form y = a b x where a ≠ 0 . The relative predictive power of an exponential model is denoted by R 2 . The value of R 2 varies between 0 and 1 . The more close the value is to 1 , the more accurate the model is.