Mathematics, 27.02.2020 18:49, skyemichellec

Annie’s Candies has decided to study the movement of its employees in its sales force and to forecast their likely availabilities in future time periods. To do so, HR collected data for 2011-2015 to create a transition probability matrix and also included information about its current workforce (2016) in each job category. The following data were gathered:

Transition Probabilities Current Employees
Job Category S SM SD Exit
Sales (S) .65 .05 .00 .30 1500
Sales Manager (SM) .08 .70 .10 .12 150
Sales Director (SD) .00 .00 .80 .20 30

Using this data, answer the following questions:
(a) Forecast the total number of Salespeople (S) available in 2017.
(b) Forecast the total number of Sales Managers (SM) available in 2017.

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Annie’s Candies has decided to study the movement of its employees in its sales force and to forecas...