Statistical Inference
An exponential model is a mathematical representation used to describe processes that grow or decay at a rate proportional to their current value, typically expressed in the form of the equation $$y = a e^{bt}$$, where 'a' represents the initial amount, 'b' is the growth or decay rate, and 't' is time. This model is particularly relevant for understanding phenomena in environmental and spatial statistics, such as population growth, spread of diseases, and resource consumption.
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