Markov models use historical patterns of individual movement between jobs in the organization based on the transitional probabilities for promotion,transfer,and remaining in the particular job for an annual or specified future period.

Question

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This is a correct statement about Markov models, which are used to model the transition probabilities of individuals between different states or jobs within an organization. By analyzing historical data on promotion, transfer, and job retention, Markov models can be used to forecast future patterns of movement and help inform strategic decision-making around workforce planning and talent management.

Markov Models Use Historical Patterns of Individual Movement Between Jobs