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To: Always Right
Please write an equation to curve fit M3.

1. Yes it is an exponential curve. 2. And it has a constant growth rate.

Here's the data set

It very obviously does not have a constant growth rate.

13 posted on 08/31/2005 11:15:34 AM PDT by AdamSelene235 (Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
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To: AdamSelene235
It very obviously does not have a constant growth rate.

Yes it does. You would just take the average rate of growth of the money supply, plug that into the equation above and you would have a curve that closely approximates the curve above. Obviously the money supply growth probably varies from about 4-6% per year, but there is a best fit exponential curve that would map the data very well.

15 posted on 08/31/2005 11:22:21 AM PDT by Always Right
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