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1. Currently the organization expects that their forecast for labor requirements is essentially constant from the previous year. Based on this assumption complete the five
1. Currently the organization expects that their forecast for labor requirements is essentially constant from the previous year. Based on this assumption complete the five stages of the planning process: . b. Fill in the empty cells in the forecast of labor availabilities in Table 1.1. HERE IS THE TABLES NEED HELP EXPLAIN THE FORECAST OF LABOR AVAILABILITIES
Markov Analysis Information Transition Probability Matrix Current Year 3 2 0.06 0.5 Previous (1) Store Associate (2) Shift Leader (3) Department Manager (4) Assistant Store Manager (5) Store Manager 0 0 0.12 0.46 0 0.16 0.58 0.06 0 Exit 0.41 0.34 0.3 0.4 0.34 0 O 0 0.08 0.66 Forecast Of Availabilities Neat Year (Projected) 2 Exit 510 600 Previous (1) Store Associate (2) Shift Leader (3) Department Manager (4) Assistant Store Manager (5) Store Manager Current Workforce 8,500 1,200 850 150 50 0 192 493 ooo 102 69 3485 408 255 60 17 0 0Step by Step Solution
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