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Often the independent variable is time. Described as a function, a quantity undergoing exponential growth is an exponential function of time, that is, the variable representing time is the exponent (in contrast to other types of growth, such as quadratic growth). Exponential growth is the inverse of logarithmic growth.
In mathematics, the exponential function is the unique real function which maps zero to one and has a derivative equal to its value. The exponential of a variable x {\displaystyle x} is denoted exp x {\displaystyle \exp x} or e x {\displaystyle e^{x}} , with the two notations used interchangeably.
Mathematical models are used in applied mathematics and in the natural sciences (such as physics, biology, earth science, chemistry) and engineering disciplines (such as computer science, electrical engineering), as well as in non-physical systems such as the social sciences [1] (such as economics, psychology, sociology, political science). It ...
This model is often referred to as the exponential law. [5] It is widely regarded in the field of population ecology as the first principle of population dynamics , [ 6 ] with Malthus as the founder.
In mathematics, the exponential function can be characterized in many ways. This article presents some common characterizations, discusses why each makes sense, and proves that they are all equivalent. The exponential function occurs naturally in many branches of mathematics. Walter Rudin called it "the most important function in mathematics". [1]
In mathematics, exponentiation, denoted b n, is an operation involving two numbers: the base, b, and the exponent or power, n. [1] When n is a positive integer, exponentiation corresponds to repeated multiplication of the base: that is, b n is the product of multiplying n bases: [1] = ⏟.
In nuclear science and pharmacokinetics, the agent of interest might be situated in a decay chain, where the accumulation is governed by exponential decay of a source agent, while the agent of interest itself decays by means of an exponential process. These systems are solved using the Bateman equation.
One of the most basic and milestone models of population growth was the logistic model of population growth formulated by Pierre François Verhulst in 1838. The logistic model takes the shape of a sigmoid curve and describes the growth of a population as exponential, followed by a decrease in growth, and bound by a carrying capacity due to ...