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Logistic Growth

A model for a quantity that increases quickly at first and then more slowly as the quantity approaches an upper limit. This model is used for such phenomena as the increasing use of a new technology, spread of a disease, or saturation of a market (sales).

The equation for the logistic model is . Here, t is time, N stands for the amount at time t, N0 is the initial amount (at time 0), K is the maximum amount that can be sustained, and r is the rate of growth when N is very small compared to K.

Note: The logistic growth model can be obtained by solving the differential equation

 

See also

Exponential growth, exponential decay

 


  this page updated 19-jul-17
Mathwords: Terms and Formulas from Algebra I to Calculus
written, illustrated, and webmastered by Bruce Simmons
Copyright © 2000 by Bruce Simmons
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