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International Journal of Applied Research
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ISSN Print: 2394-7500, ISSN Online: 2394-5869, CODEN: IJARPF

IMPACT FACTOR (RJIF): 8.4

Vol. 9, Special Issue 4, Part A (2023)

An empirical comparison of growth models

An empirical comparison of growth models

Author(s)
Pooja Bansal and Anuj Tiwari
Abstract
The aim of this paper is to compare the exponential growth model and the logistic growth model. Although these models may seem similar in terms of their formulas, graphically, the exponential growth model lacks realism, while the logistic growth model offers a more practical approach. Specifically, the exponential growth model assumes no carrying capacity for the Earth, which contradicts reality since our planet has limited natural resources. In contrast, the logistic growth model addresses this limitation and offers a more accurate representation of population growth. Therefore, in this paper, we will provide a detailed analysis of the differences between these two models and highlight the advantages of the logistic growth model over the exponential growth model.
Pages: 33-37  |  232 Views  98 Downloads


International Journal of Applied Research
How to cite this article:
Pooja Bansal, Anuj Tiwari. An empirical comparison of growth models. Int J Appl Res 2023;9(4S):33-37.
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