The Dynamic Cosmological Term Λ: Some Aspects of Phenomenological Models

Choosing a phenomenological model of $\Lambda$, viz. $\Lambda \sim \dot H$, it has been shown that this model of $\Lambda$ is equivalent to other three types of $\Lambda$, $\Lambda \sim (\dot a/a)^2$, $\Lambda \sim \ddot a/a$ and $\Lambda \sim \rho$. Through an indirect approach, it has also been possible to put a limit on the deceleration parameter $q$. It has been shown that if $q$ becomes less than -1, then this model can predict about the presence of phantom energy.