单词 | logit function |
释义 | logit functionDefinition A function that produces an S-shaped graph, or sigmoid curve, that can be used to describe conditions that change over time. A logit function can describe the assimilation of a new product by customers, capturing the slow initial reaction, rapid acceptance once awareness increases, then the gradual tapering off of new purchases as the market becomes saturated. Also called a logistic function. |
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