Exponential Growth Model

Definition

An exponential growth model is a mathematical representation of a process that increases at an accelerating rate over time. It is characterized by a constant positive growth factor.

Related terms

dy/dt:

This term represents the derivative of y with respect to t in calculus notation. It measures the rate of change of y with respect to time.

e^(kt): This term represents the exponential function where k is a constant and t represents time. It is commonly used in exponential growth models to describe how quickly something grows over time.

Logistic Growth Model:

A logistic growth model is similar to an exponential growth model but takes into account limiting factors such as available resources or population size. It describes how a population initially grows exponentially but eventually levels off due to these constraints.