Classify the model as exponential growth or exponential decay. Identify the growht or decay factor and the percent increase or decrease per time period.
y=16(1.25)^t
To determine whether a model represents exponential growth or exponential decay, we need to analyze the behavior of the model's coefficients or variables over time.
Exponential Growth:
If the model shows an increasing pattern over time, it represents exponential growth. In this case, the growth factor is a positive value greater than 1, and the percent increase per time period is given by the difference between the growth factor and 1, expressed as a percentage.
Exponential Decay:
If the model shows a decreasing pattern over time, it represents exponential decay. In this case, the decay factor is a positive value less than 1, and the percent decrease per time period is given by the difference between 1 and the decay factor, expressed as a percentage.
To determine the growth or decay factor, as well as the percent increase or decrease per time period, you need to provide the specific model or equation you are using. Please provide the necessary information, and I will assist you further in classifying the model and calculating the associated factors.