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……
A) quadratic
B) exponential
C) linear
D) power
E) logarithmic

Question

Quizplus · Accepted Answer

An exponential model is most appropriate for situations where a quantity increases by a constant percentage over time, which matches the description of the stamp price increasing in line with inflation.

The Price of First Class Stamp Has Followed Inflation Over