You can use some graph tools to draw three regressions for given data. On the attached diagram you can see:
Since
[tex]\dfrac{2.3}{1}=2.3,\\ \\\dfrac{5.29}{2.3}=2.3,\\ \\\dfrac{12.167}{5.29}=2.3,\\ \\\dfrac{27.984}{12.167}=2.3,[/tex]
you can conclude that for the given data the best fit is exponential function with rule
[tex]y=2.3^x.[/tex]
Answer: correct choice is C.