Application of S-shaped curves

Abstract

This paper deals with the application of S-shaped curves in the contexts of inventive problem solving, innovation and technology forecasts. After explaining the origin of the logistic S-curve its application, as seen in publications from different domains, is reviewed. Despite much criticism and the failure to apply the logistic function for long-term forecasting, it continues to be a popular model for describing the evolution of systems (technological, economical, social and others) over time. This paper can help researchers and practitioners to understand the scope of application of S-shaped patterns, their limitations, and peculiarities.