
The logistic map is famous for two reasons: it gives a way of predicting how a population of animals will grow or shrink over time, and it illustrates the fascinating phenomenon of mathematical chaos.

How many of these will you have after a month? Photo: lens-flare.de, CC BY-NC 2.0.
Imagine you have an aquarium big enough to hold 100 guppies, those tiny and colourful little fish that love breeding. The question is, how many guppies can you expect to have next month if you let them get on with it?
The answer will, in part, depend on how many guppies you have to start with. If you are far away from maximal capacity of 100 guppies, so there's plenty of food and space for everyone, the population next month is likely to be bigger. If you're very near the maximal capacity, so that there's not enough food and space to go around, then the population is likely to decrease.
The logistic map takes account of the idea that the growth of the population depends on how many animals there are to start with. WriteHere
Notice that given the formula above, you can estimate, not just the size of the population next month, but also the size further in the future. Applying the formula to the current proportion
As an example, assume the growth rate is

Predictions for proportion of maximal capacity alive (vertical axis) for the first 5 months (horizontal axis), for r=4 and initial proportion x=0.7.
In theory we could go on like that forever, using the logistic expression to estimate the size of the population very far into the future. That involves a lot of calculations though, so the question is if we can say something more general, without going into the details.
The answer is "sometimes you can" — it all depends on the value the growth rate

Predictions for proportion of maximal capacity alive (vertical axis) for the first 30 months (horizontal axis), for r=2 and initial proportion x=0.7. Eventually the population dies out.

Predictions for proportion of maximal capacity alive (vertical axis) for the first 30 months (horizontal axis), for r=2 and initial proportion x=0.4. Eventually the population dies out.

Predictions for proportion of maximal capacity alive (vertical axis) for the first 30 months (horizontal axis), for r=2 and initial proportion x=0.4. Eventually the proportion alive settles down to (r-1)/r=1/2.

Predictions for proportion of maximal capacity alive (vertical axis) for the first 30 months (horizontal axis), for r=2 and initial proportion x=0.6. Eventually the proportion alive settles down to (r-1)/r=1/2.
As you increase

Predictions for proportion of maximal capacity alive (vertical axis) for the first 30 months (horizontal axis), for r=3.5 and initial proportion x=0.6. Eventually the population size settles into to a periodic pattern, moving between four different values (shown in different colours).

Predictions for proportion of maximal capacity alive (vertical axis) for the first 30 months (horizontal axis), for r=3.5 and initial proportion x=0.3. Eventually the population size settles into to a periodic pattern, moving between four different values (shown in different colours).
So far the behaviour of the population, as estimated by the logistic map, was nicely predictable: it settled down into a predictable pattern, and this pattern didn't depend on what value of

Predictions for proportion of maximal capacity alive (vertical axis) for the first 30 months (horizontal axis), for r=4 and initial proportion x=0.6.

Predictions for proportion of maximal capacity alive (vertical axis) for the first 30 months (horizontal axis), for r=4 and initial proportion x=0.62. although this is very close to the starting proportion of 0.62 above, the population evolves differently.
This latter fact, that different starting values can lead to wildly different futures, makes prediction really difficult. If you miscalculate your starting population, for example because one guppy is hiding behind the water tank so you don't count it, then your prediction could be as good as useless.
This phenomenon, where arbitrarily close to any starting value there are other values that lead to vastly different predictions over time, is known as sensitive dependence on initial conditions or the butterfly effect. The effect is the hallmark of mathematical chaos (for a precise mathematical definition, see here).
It's not only the logistic map that exhibits sensitive dependence on initial conditions, but also many other mathematical expressions, such as those used to predict the weather. This is why many real-life systems are so hard to predict. What makes the logistic map special is that it's a relatively simple mathematical expression. So chaos can ensue even when the underlying system is not particularly complex.
Finally we should note that, for the logistic map, not all values of
You can find out more about chaos in these Plus articles.