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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 ...
The stretched exponential function. is obtained by inserting a fractional power law into the exponential function. In most applications, it is meaningful only for arguments t between 0 and +∞. With β = 1, the usual exponential function is recovered. With a stretching exponent β between 0 and 1, the graph of log f versus t is ...
A Malthusian growth model, sometimes called a simple exponential growth model, is essentially exponential growth based on the idea of the function being proportional to the speed to which the function grows. The model is named after Thomas Robert Malthus, who wrote An Essay on the Principle of Population (1798), one of the earliest and most ...
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 ...
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.
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.
Double exponential function. A double exponential function is a constant raised to the power of an exponential function. The general formula is (where a >1 and b >1), which grows much more quickly than an exponential function. For example, if a = b = 10: f (x) = 10 10x. f (0) = 10.
Biological exponential growth. Biological exponential growth is the unrestricted growth of a population of organisms, occurring when resources in its habitat are unlimited. Most commonly apparent in species that reproduce quickly and asexually, like bacteria, exponential growth is intuitive from the fact that each organism can divide and ...