I can't really comment on it basically because I'm not sure where you are going with it. The reason ground effect exists is because of the blockage of reingested vortices at the rotor tips. It's either blocking that reingestion or it's not. I doubt there is any exponential decay of ground effect, or however you want to put it.
[EDIT] OK. So I did some looking after writing that, and found some references that disprove what I wrote. Seddon shows a theoretical expression (making a few major assumptions) that seems to work well in most cases:
\left[\frac{T}{T_\inf}\right] = \frac{1}{1-\frac{R}{4Z}^2}
This is supported by Figure 7 from Knight and Hefner:
http://naca.central.cranfield.ac.uk/reports/1941/naca-tn-835.pdf
I also found this graphic which I am kicking myself because I have seen this before (a longggggg time ago)
So it's not exponential, but it does decrease with increasing Z/R ratio. I stand humbly corrected.