Calculus and Statistics Methods
A logistic function is a mathematical model that describes the growth of a population or system that exhibits limited growth, characterized by an S-shaped curve. This function is particularly useful in scenarios where growth slows as the population reaches a certain threshold, allowing it to stabilize rather than continue to grow indefinitely. Its application extends beyond biology, making it relevant in fields such as economics, medicine, and social sciences, especially in modeling probabilities and outcomes.
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