Answer
Exponential
$F(x)=\left(1/2\right)^{x+2}$
Work Step by Step
The ratio of consecutive values is constant $\left(\text{because }\dfrac{\frac{1}{4}}{\frac{1}{2}}=\dfrac{\frac{1}{8}}{\frac{1}{4}}=\dfrac{\frac{1}{16}}{\frac{1}{8}}=\dfrac{\frac{1}{32}}{\frac{1}{16}}=\dfrac{1}{2}\right)$ hence, the function is exponential with a common ratio of $\dfrac{1}{2}$.
The difference of consecutive values is not constant ($\frac{1}{4}-\frac{1}{8}\ne \frac{1}{2}-\frac{1}{4}$) hence, the function is not linear.
A function that models the data: (with a common ratio of $\frac{1}{2}$ and $F(0)=\left(\frac{1}{2}\right)^2$ is $F(x)=\left(1/2\right)^{x+2}$.