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Huh? Doesn't exponential mean a self applied multipler? 1.0000001X a year is also exponential growth, as is 1.4x (40%) or 2x. Anything that grows on itself (the
by sudhirj 5y ago
Huh? Doesn't exponential mean a self applied multipler? 1.0000001X a year is also exponential growth, as is 1.4x (40%) or 2x. Anything that grows on itself (the next is a multiplier of the previous number) is exponential.
- deleted 5y ago[deleted]
- notafraudster 5y agoColloquially the term exponential is generally used for functions where the relevant domain includes an "elbow" and where the local maximum is at least orders of magnitude larger than the local minimum. Or put another way -- any exponential function can be locally approximated by a linear function, so we might use the term exponential growth for a function where growth is poorly approximated by a linear function over the relevant domain
- ec109685 5y agoAh, thanks for the true definition.