Cosmic expansion beyond $\Lambda$CDM: Investigating power-law and logarithmic corrections

The cosmic acceleration observed in the expansion of the Universe has sparked extensive research into the nature of dark energy, which is known to constitute approximately 70\% of the Universe's energy content. In this study, we explore two parametrizations of the Hubble parameter, namely power-law and logarithmic corrections, as alternatives to the standard $\Lambda$CDM model. Using observational data from Cosmic Chronometers (CC), Pantheon+, and the Baryonic Acoustic Oscillations (BAO) datasets, we investigate the dynamics of essential cosmological parameters, including the deceleration parameter, energy density, pressure, and equation of state (EoS) parameter. The $Om(z)$ diagnostic test is employed to classify different dark energy models. Our cosmological models, with the power-law and logarithmic corrections, are found to provide a good fit to the recent observational data and efficiently describe the cosmic expansion scenario.