Predicting the behaviour of a sigmoid-like process is not fitting the parameters of a logistic curve. Instead, it’s trying to estimate the strength of the dampening term – a term that might be actually invisible in the initial data.
~ Stuart Armstrong from, https://www.lesswrong.com/posts/6tErqpd2tDcpiBrX9/why-sigmoids-are-so-hard-to-predict
slip:4ulepo4.
Wait! Don’t flee!
It’s a great explanation of sigmoids—you know what those are, but you [probably] didn’t know they have a general name. People toss up sigmoid curves as explanations and evidence all. the. time.
Ever make that slightly squinting face? The one where you turn your head slightly to one side and look dubiously, literally askance at someone? …that face that says, “you keep using that word, but I do not think it means what you think it means.” After you read that little article about sigmoids, you’re going to make that face every time some talking-head tosses up a sigmoid as evidence for a prediction.
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