THE STATISTICAL MODELING OF THE EVOLUTION OF CIVIL EMPLOYMENT, BY ACTIVITY OF THE ROMANIAN ECONOMY USING THE MARKOV CHAIN METHOD
THE STATISTICAL MODELING OF THE EVOLUTION OF CIVIL EMPLOYMENT, BY ACTIVITY OF THE ROMANIAN ECONOMY USING THE MARKOV CHAIN METHOD
Author(s): Olivia Anne-Marie SaierliSubject(s): Economy
Published by: Editura Eurostampa
Keywords: Markov chain method; forecast; share; the vector of initial state and the transition probability matrix
Summary/Abstract: In this paper we statistically model the evolution of civil employment, by activity of the Romanian economy. For this, we start from the actual data provided by National Institute of Statistics for the period 1997-2007 and using Markov chain will make a forecast of the evolution of employees by area of activity for the next three years. Also, in the second section we describe in large the Markov chain method and we will apply to this specific case
Journal: Anale. Seria Ştiinţe Economice. Timişoara
- Issue Year: XVI/2010
- Issue No: 16
- Page Range: 482-488
- Page Count: 6
- Language: English