What are exponential and logistic growth models?
Exponential growth models are independent of population density and follow a J-shaped curve. Logistic growth is limited by carrying capacity therefore depends on the population density. Since population growth slows down near carrying capacity, logistic growth curves are S-shaped.
What is the importance of growth models?
Mathematical models of population growth allow estimation of population sizes in various situations. For instance, we can calculate changes in predator and prey populations. Moreover, they are useful to estimate how populations will fare when outside influences (habitat loss, climate change, etc.) affect variables such as growth rate. In addition, scientists can calculate growth of invasive species as well as how native species will be affected.