The Application of Transition Probabilities Models on Estimating the Mobility of Industrial Manpower in Korea

산업인력(産業人力)의 이동(移動)에 관한 추이확률(推移確率) 모형(模型)의 응용(應用)

A class of standard optimization techniques to estimate the stationary transition probabilities among states is discussed. With the use of aggregate time series data on employed labor in industrial sectors, the alternative restricted estimates including minimum absolute deviation, unweighted, weighted, generalized inverse, minimum chi-square and maximum likelihood are evaluated and compared. Analytic and numerical results are shown favorably with the viewpoint of the validity and predictive potentiality of model.