Exponential and Logarithmic Functions Translating the graph of an exponential function Below is the graph of $y=2^{x}$. Translate it to become the graph of $y=2^{x-3}-1$.

Step 1 ：The function \(y=2^{x-3}-1\) is a transformation of the function \(y=2^{x}\).

Step 2 ：The '-3' inside the exponent shifts the graph 3 units to the right.

Step 3 ：The '-1' outside the exponent shifts the graph 1 unit down.

Step 4 ：\(\boxed{\text{The graph of } y=2^{x-3}-1 \text{ is the graph of } y=2^{x} \text{ shifted 3 units to the right and 1 unit down.}}\)