Question 1
The price of first class stamp has followed inflation over time and has increased at a constant percentage over time. The most useful predictive model is probably……
◦ quadratic
◦ linear
◦ logarithmic
◦ power
◦ exponential
Question 2
A business owner notes that for every extra hour his store is open, his total sales increase by a fixed amount. His most useful predictive model is probably……
◦ linear
◦ exponential
◦ power
◦ logarithmic
◦ quadratic