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The INDEX function returns a value or the reference to a value from within a table or range. There are two ways to use the INDEX function: If you want to return the value of a specified cell or array of cells, see Array form. If you want to return a reference to specified cells, see Reference form.
If you think of functions with exponents, you're probably used to seeing something like this. That's the graph of y = x^2, and it is indeed a function with an exponent. But it's not an exponential function. In an exponential function, the independent variable, or x-value, is the exponent, while the base is a constant. For example, y = 2^x would be an exponential function. Here's what that looks like.