“…The equation was rediscovered in 1911 by A. G. McKendrick [35] for the bacterial growth in broth and was tested using nonlinear parameter estimation. The logistic function finds applications in an wide range of fields, including biology, ecology, population dynamics, chemistry, demography, economics, geoscience, mathematical psychology, probability, sociology, political science, financial mathematics, statistics, fuzzy set theory, to name a few [12], [13], [11], [14], [18].…”