A method of forecasting internal labour supply that involves tracking the pattern of employee movements through various jobs and developing a transitional probability matrix is known as
A) trend analysis.
B) ratio analysis.
C) multiple regression analysis.
D) Markov analysis.
E) computerized forecasting.

Question

Quizplus · Accepted Answer

The method of forecasting internal labour supply that involves tracking the pattern of employee movements through various jobs and developing a transitional probability matrix is known as Markov analysis. This technique allows organizations to predict the probability of employees moving between various positions and departments within the organization.

A Method of Forecasting Internal Labour Supply That Involves Tracking