Logistic Model

Definition

A logistic model is a mathematical representation used to describe the growth or decline of a population or quantity over time. It incorporates both exponential growth and limiting factors that eventually slow down the growth rate.

Related terms

Exponential Growth:

The rapid increase of a quantity over time without any limiting factors.

Limiting Factor: An environmental factor that restricts the growth of a population or quantity.

Carrying Capacity:

The maximum number of individuals or amount of resources an environment can sustainably support.