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Exponential functions are mathematical expressions in the form of $$f(x) = a e^{bx}$$, where 'a' is a constant, 'e' is Euler's number (approximately 2.71828), and 'b' is a constant that affects the rate of growth or decay. These functions are crucial in understanding phenomena that grow or shrink at rates proportional to their current value, which connects deeply to concepts of analytic functions and differentiation in complex analysis.
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