Let's assume a standard website that has about 100 pages. Also, let us imagine that the website is earning references (backlinks) consistently but linearly. In such a case, what can one expect in terms of traffic. Will that grow linearly too?
Note: I have a feeling that traffic may grow exponentially. SERPs shift with authority and any shift upwards may increase the traffic exponentially. I am speaking about SERP shifts like - from page 3 to 2, page 2 to 1, position 2 to 1 on a page, etc.
Am I oversimplifying? Am I missing something?