Logistic Growth

There's this neat mathematical description of population growth. It's (often) used to predict the growth of populations whose size is limited by available space or food ... like fish in a lake: "How many fish can this lake accommodate?" It can also be used to predict the growth of tumours, the cost of a life annuity and (interestingly) the growth of worldwide Swine Flu cases: The red curve is the predicted growth. The question is: "How accurate is the prediction?" We'll see ... >> See also Logistic Growth