A  parabola is a geometric curve that gives the greatest strength to  weight ratio in a spanning beam.  It is defined as the curve a plane  section makes passing through a cone parallel to the cone’s axis.  They  can be wide or narrow, depending on the angle of the cone.  
                                                         
                                                        
                                                        
                                                        
                                                        I  believe that braces should be shaped parabolically both in length and  cross section to best flow with and transmit the vibrations of the  strings.  This is not just my opinion.   I have inspected a number of  “vintage” Martins.  They all had parabolically shaped braces on the  back, as well as parabolic finger braces, and half-parabolas on the arms  of the X brace.  Only the X brace legs and the two belly braces were  scalloped. 
                                                         
                                                        
                                                        Once  luthiers started copying Martin bracing, they seem to have concentrated  only on scalloping braces, ignoring the parabolic shaping that so  contributed to the sound of vintage days.