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Exponential growth is a process that increases quantity over time at an ever-increasing rate. It occurs when the instantaneous rate of change (that is, the derivative) of a quantity with respect to time is proportional to the quantity itself. Described as a function, a quantity undergoing exponential growth is an exponential function of time ...
Exponential decay. A quantity undergoing exponential decay. Larger decay constants make the quantity vanish much more rapidly. This plot shows decay for decay constant (λ) of 25, 5, 1, 1/5, and 1/25 for x from 0 to 5. A quantity is subject to exponential decay if it decreases at a rate proportional to its current value.
The standard logistic function is the logistic function with parameters =, =, =, which yields = + = + = / / + /.In practice, due to the nature of the exponential function, it is often sufficient to compute the standard logistic function for over a small range of real numbers, such as a range contained in [−6, +6], as it quickly converges very close to its saturation values of 0 and 1.
To the right is the long tail, and to the left are the few that dominate (also known as the 80–20 rule). In statistics, a power law is a functional relationship between two quantities, where a relative change in one quantity results in a relative change in the other quantity proportional to a power of the change, independent of the initial ...
The Bateman equation is a classical master equation where the transition rates are only allowed from one species (i) to the next (i+1) but never in the reverse sense (i+1 to i is forbidden). Bateman found a general explicit formula for the amounts by taking the Laplace transform of the variables. (it can also be expanded with source terms, if ...
The in-growth method is one way of measuring the decay constant of a system, which involves accumulating daughter nuclides. Unfortunately for nuclides with high decay constants (which are useful for dating very old samples), long periods of time (decades) are required to accumulate enough decay products in a single sample to accurately measure ...
The doubling time is a characteristic unit (a natural unit of scale) for the exponential growth equation, and its converse for exponential decay is the half-life. As an example, Canada's net population growth was 2.7 percent in the year 2022, dividing 72 by 2.7 gives an approximate doubling time of about 27 years.
The reciprocal function, exhibiting hyperbolic growth. When a quantity grows towards a singularity under a finite variation (a "finite-time singularity") it is said to undergo hyperbolic growth. [1] More precisely, the reciprocal function has a hyperbola as a graph, and has a singularity at 0, meaning that the limit as is infinite: any similar ...