Question: Recall in Section 1 . 5 : For exponential function f ( x ) = abx, percent change can be obtained by calculating ( b
Recall in Section :
For exponential function fxabx, percent change can be obtained by calculating bor equivalently, br
While now in Section :
Given fxx percent change obtained by calculating fxfxfxnewoldold
Note that:
We can NOT use b for calculating percent change in fxx because Select this fx is not in the abx form", "math says so
Conclusion for calculating percent change:
fxfxfx is a general form of percent change that works Select for any type of functions", "only for functions in the form of fxabx over Select unit time period", "any time period" while
b is a specific form of percent change that works Select only for functions in the form of fxabx "for any type of functions" over Select unit time period", "any time period"
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