A stochastic version of the Verhulst-Pearl logistic model.
This evolves in continuous time, according to the stochastic differential equation
$$dn = r\,n\,\left(1-\frac{n}{K}\right)\,dt+\sigma\,n\,dW.$$
Numerically, we simulate the stochastic dynamics using an Euler approximation.
The measurements are assumed to be log-normally distributed.