Open AccessMathematical and Stochastic Growth Models
Author(s) -
V. Pavankumari
Publication year - 2021
Publication title -
international journal for research in applied science and engineering technology
Language(s) - English
Resource type - Journals
ISSN - 2321-9653
DOI - 10.22214/ijraset.2021.39055
Subject(s) - scope (computer science) , mathematical model , computer science , exponential growth , growth model , stochastic modelling , mathematical statistics , exponential function , econometrics , mathematics , mathematical economics , statistics , mathematical analysis , programming language
Many statistical and mathematical models of growth are developed in the literature and effectively applied to various conditions in the existent world that involve many research problems in the different fields of applied statistics. Nevertheless, still, there is an equally large number of conditions, which have not yet been mathematically or statistically modeled, due to the complex situations or formed models are mathematically or statistically inflexible. The present study is based on mathematical and stochastic growth models. The specification of both the growth models is depicted. A detailed study of newly modified growth models is mentioned. This research will give substantial information on growth models, such as proposed modified exponential growth models and their specifications clearly motioned which gives scope for future research.