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Exponential growth. 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 ...
Exponential decay. A quantity undergoing exponential decay. Larger decay constants make the quantity vanish much more rapidly. This plot shows decay for decay constant () of 25, 5, 1, 1/5, and 1/25 for from 0 to 5. A quantity is subject to exponential decay if it decreases at a rate proportional to its current value.
Logarithmic growth. In mathematics, logarithmic growth describes a phenomenon whose size or cost can be described as a logarithm function of some input. e.g. y = C log ( x ). Any logarithm base can be used, since one can be converted to another by multiplying by a fixed constant. [1] Logarithmic growth is the inverse of exponential growth and ...
Exponential functions with bases 2 and 1/2. The exponential function is a mathematical function denoted by () = or (where the argument x is written as an exponent).Unless otherwise specified, the term generally refers to the positive-valued function of a real variable, although it can be extended to the complex numbers or generalized to other mathematical objects like matrices or Lie algebras.
The exponential function can be extended to a function which gives a complex number as e z for any arbitrary complex number z; simply use the infinite series with x =z complex. This exponential function can be inverted to form a complex logarithm that exhibits most of the properties of the ordinary logarithm.
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 ...
Growth equations. Like exponential growth and logistic growth, hyperbolic growth is highly nonlinear, but differs in important respects. These functions can be confused, as exponential growth, hyperbolic growth, and the first half of logistic growth are convex functions; however their asymptotic behavior (behavior as input gets large) differs ...
In probability theory, a log-normal (or lognormal) distribution is a continuous probability distribution of a random variable whose logarithm is normally distributed. Thus, if the random variable X is log-normally distributed, then Y = ln (X) has a normal distribution. [2] [3] Equivalently, if Y has a normal distribution, then the exponential ...