Exponential and Logistic Graphs
Key Questions

Hi there. A logistic graph is like an exponential with an upper limit, so it has two horizontal asymptotes, usually y=0 and y=B, as in the "spread of infection" graph here:
The curve is the solution to the diff eqn#dy/dt=ry(1y/B)# with initial point#(t,y)=(0,y_0),# which can be solved by separation of variables and partial fractions! (Think of the starting point at the lower left.) The solution curve is given by#y=(By_0)/(y_0 + (By_0)e^(rt))# If you have the graph, you can read off the
#(0,y_0)# , the upper limit#B# , and the inflection point#(t_(".inflect"), B/2)# . (Infection point?)The next part is to solve for
#r# using the inflection point: that's where the second derivative is 0, so take the derivative of#dy/dt#
or the second derivative of the equation for y, and solve!That part I'll leave for you. You're welcome, from \dansmath/ ;}
[[Added comment from dansmath: I think the prevailing notation is
#y=B/(1 + (B/y_0  1)e^(rt)# which is the same equation, just divide top and bottom by#y_0# .]] 
Answer:
A logistic function is a form of sigmoid function typically found in modelling population growth (see below).
Explanation:
Here is the graph of a typical logistic function:
The graph starts at some base population and grows almost exponentially until it begins to approach the population limit imposed by its environment.Note that logistic models are also used in a variety of other areas (e.g. neural network analysis, etc.) but the growth model application is probably the easiest to visualize.

The exponential function is used to model a relationship in which a constant change in the independent variable gives the same proportional change in the dependent variable.
The function is often written as exp(x) It is widely used in physics, chemistry, engineering, mathematical biology, economics and mathematics.