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Simply so, what is a sigmoid growth curve?
S-shaped growth curve(sigmoid growth curve) A pattern of growth in which, in a new environment, the population density of an organism increases slowly initially, in a positive acceleration phase; then increases rapidly, approaching an exponential growth rate as in the J-shaped curve; but then declines in a negative
Likewise, what does Handy's sigmoid curve outline?
According to Handy, the Sigmoid curve nicely represents the life cycle of most things, such as products and careers. Life cycles have three distinct phases - learning, growth and decline. The product or project needs to be supported through a time of experimenting and learning.
The main reason why we use sigmoid function is because it exists between (0 to 1). Therefore, it is especially used for models where we have to predict the probability as an output. Since probability of anything exists only between the range of 0 and 1, sigmoid is the right choice. The function is differentiable.