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Huntsville is also home to the second largest research park in the country, Cummings Research Park. The Huntsville–Decatur Metro Area is the second fastest growing region/metro area in the state of Alabama because of the ample job opportunities being instilled in the area. Both ports in the metro area are two of the busiest in the state.
The metro area's principal city is Huntsville, and consists of two counties: Limestone and Madison. As of the 2020 United States census, the Huntsville Metropolitan Area's population was 491,723, making it the 2nd-largest metropolitan area in Alabama (behind only the Birmingham metropolitan area) and the 113th-largest in the United States. [2]
The U.S. State of Alabama currently has 35 statistical areas that have been delineated by the Office of Management and Budget (OMB).. On July 21, 2023, the OMB delineated nine combined statistical areas, 13 metropolitan statistical areas, and 13 micropolitan statistical areas in Alabama. [1]
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New Market is an unincorporated community and census-designated place (CDP) in Madison County, Alabama, United States, and is included in the Huntsville-Decatur Combined Statistical Area. As of the 2020 census, the population of the CDP was 1,543. [2] Although it was the first area settled in Madison County, the town has never been incorporated.
The Perpetuity Growth Model accounts for the value of free cash flows that continue growing at an assumed constant rate in perpetuity. Here, the projected free cash flow in the first year beyond the projection horizon (N+1) is used. This value is then divided by the discount rate minus the assumed perpetuity growth rate:
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Using these techniques, Malthus' population principle of growth was later transformed into a mathematical model known as the logistic equation: = (), where N is the population size, r is the intrinsic rate of natural increase, and K is the carrying capacity of the population.