The key here is that you do the preprocess for the yβs to make the Log(y) as your new βYβ. Also Log(a/b) β Log(a) - Log(b), thus the left hand side of your equation contains Log(y) only, which the new Y.
Now,you can use the Nonlinear model fit in Mathematica for Y (= Log(y)) = f(x;a,b).
Shenghui nailed the issue on the head. In case you are not familiar with how to work this out, the first thing to do is to break up the equation so that you can get it entirely in terms of Log and Log. Here is your original equation in Mathematica format:
This is the form you want to use for your model. To keep things simple, we will remove the logrithms while we solve the model, so Log will become newA and Log will become newX. You will need to run Log on your input data before runnning the model.