I am learning exponential distribution in ThinkStats2 by Allen Downey.. It says that "if you plot the complementary CDF of a dataset that you think is exponential, you expect to see a function like: $$ y\approx e^{-\lambda x} $$ Then, taking the log of both sides yields:" $$ \log y \approx -\lambda x $$
My question is what base does the author take when taking the log of both sides? I guess that the author takes log of base 10, but it does not explain why we get $-\lambda x$ on the right side of equation. Could someone explain this?
The author takes the natural logarithm on both sides (base $e=2.7182818\cdots $)