The hyperbolic sine model is obtained by continuing the hierarchy of simple multiplicative stochastic processes beyond the Verhulst model or by transforming some physically important models from different disciplines to their canonical form. The Fokker-Planck equation associated with this Markov process is solved for the stationary first-order probability density function (PDF), and an exact time-dependent solution for the transition PDF is derived in terms of a new type of eigenfunction. As an example, eigenvalues and eigenfunctions are numerically evaluated for the symmetrical case. It is shown that some new models, of possible mathematical or physical importance, can be derived from the hyperbolic sine model.
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