The state process is \(X_{t+1} = K^{1-S} X_{t}^S \epsilon_{t}\), where \(S=e^{-r}\) and the \(\epsilon_t\) are i.i.d. lognormal random deviates with variance \(\sigma^2\).
The observed variables \(Y_t\) are distributed as \(\mathrm{lognormal}(\log{X_t},\tau)\).
Parameters include the per-capita growth rate \(r\), the carrying capacity \(K\), the process noise s.d. \(\sigma\), the measurement error s.d. \(\tau\), and the initial condition \(X_0\).
The pomp
object includes parameter transformations that log-transform the parameters for estimation purposes.