Interpolation solution in generalized stochastic exponential population growth model |
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Authors: | M Khodabin K Maleknejad M Rostami M Nouri |
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Institution: | Department of Mathematics, Karaj Branch, Islamic Azad University, Karaj, Iran |
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Abstract: | In this paper, first we consider model of exponential population growth, then we assume that the growth rate at time t is not completely definite and it depends on some random environment effects. For this case the stochastic exponential population growth model is introduced. Also we assume that the growth rate at time t depends on many different random environment effect, for this case the generalized stochastic exponential population growth model is introduced. The expectations and variances of solutions are obtained. For a case study, we consider the population growth of Iran and obtain the output of models for this data and predict the population individuals in each year. |
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Keywords: | Exponential population growth model Brownian motion process Itô integral Itô processes Itô formula |
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