A graphical representation of how a particular quantity increases over time. Growth curves are used in statistics to determine the type of growth pattern of the quantity - be it linear, exponential or cubic. Once the type of growth is determined a business can create a mathematical model to predict future sales. An example of a growth curve is a country's population over time.
The shape of the growth curve can make a big difference when businesses determine whether to launch a new product or enter a new market. Slow growth markets are less likely to be appealing because there is less room for profit, while exponential growth could mean that the market could see a lot of competitors enter the market.
Investment dictionary. Academic. 2012.
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growth curve — n a curve on a graph representing the growth of a part, organism, or population as a function of time * * * the curve obtained by plotting increase in size or numbers against the elapsed time, as a measure of the growth of a child, or the… … Medical dictionary
growth curve — UK US noun [C] FINANCE ► an increase in a quantity over time, especially an increase in the sales or profits of a company: »a steep/strong growth curve »We have to be careful not to hire staff ahead of the growth curve … Financial and business terms
Growth curve — A growth curve in biology generally concerns a measured property such as population size, body height or biomass. Values for the measured property can be plotted on a graph as a function of time; see Figure 1 for an example. ExamplesBacterial… … Wikipedia
growth curve — noun : a graphic representation of the relative growth of an organism or population during a sequence of similar length periods * * * growth curve, 1. a mathematical expression of the growth of a living thing or a population in relation to time.… … Useful english dictionary
growth curve — growth plotted against time on a graph … Dictionary of ichthyology
growth curve — A curve on a graph in which a variable is plotted as a function of time. The curve thus illustrates the growth of the variable. This may be used to show the growth of a population, sales of a product, price of a security, etc … Big dictionary of business and management
growth curve — See: growth phase … Glossary of Biotechnology
growth curve — Stats a line plotted on a graph that shows statistically an increase over a period of time … The ultimate business dictionary
Diauxic growth curve — A diauxic growth curve refers to the growth curve generated by an organism which has two growth peaks. The theory behind the diauxic growth curve stems from Jacques Monod s Ph.D. research in 1940. A simple example involves the bacterium E. coli,… … Wikipedia
von Bertalanffy growth curve — a model of individual fish growth as a function of time. Named after its proponent, Ludwig von Bertalanffy, this growth curve is an entry point to more complex models of the dynamics of fish populations. The growth equation is Lt = L∞1 e K(t to) … Dictionary of ichthyology