logisticSshaped
The logistic S-shaped curve, often referred to simply as a logistic curve, is a mathematical model describing the growth of a quantity that starts slow, accelerates rapidly, and then levels off asymptotically. This type of growth pattern is commonly observed in various natural, social, and economic phenomena, including population dynamics, disease spread, technology adoption, and the diffusion of innovations.
The logistic function is defined mathematically as:
f(x) = L / (1 + e^(-k(x - x₀)))
- *L* represents the upper or lower bound of the function (the maximum value as *x* approaches infinity
- *k* is the steepness of the curve at its inflection point,
- *x₀* is the *x*-value of the sigmoid's midpoint (where the function equals *L/2*).
In population ecology, the logistic growth model was introduced by Pierre-François Verhulst in the 19th century
Beyond biology, the logistic curve is widely used in economics to model market saturation, where adoption of