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A Generalized Logistic Function and Its Applications

Author

Listed:
  • Rządkowski Grzegorz
  • Sobczak Lidia

    (Warsaw University of Technology, Faculty of Management, Warsaw, POLAND)

Abstract

In the present article, we deal with a generalization of the logistic function. Starting from the Riccati differential equation with constant coefficients, we find its analytical form and describe basic properties. Then we use the generalized logistic function for modeling some economic phenomena.

Suggested Citation

  • Rządkowski Grzegorz & Sobczak Lidia, 2020. "A Generalized Logistic Function and Its Applications," Foundations of Management, Sciendo, vol. 12(1), pages 85-92, January.
    • Handle: RePEc:vrs:founma:v:12:y:2020:i:1:p:85-92:n:16
    DOI: 10.2478/fman-2020-0007
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    More about this item

    Keywords

    generalized logistic function; time series; applications;
    All these keywords.

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods

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