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Lesson 9 Feb 22 2010
1.
Transition Matrices
2.
Solve for x and y.
3.
An Example A small community has a workforce of 1800 people, with 1680 employed and 120 unemployed. During the course of one year, 10% of the employed workers will lose their jobs and 60% of the unemployed will find jobs. The "Initial State Matrix"
The "Transition Diagram" E U S = E U E U S =
4.
The "Transition Matrix"
E U E T = U E U T = E U
5.
Predicting the future ... A small community has a workforce of 1800 people, with 1680 employed and 120 unemployed. During the course of one year, 10% of the employed workers will lose their jobs and 60% of the unemployed will find jobs. After 1 Year
S0T = S1 After 2 years S0T2 = S2 After 5 Years S0T5 = S5
6.
Predicting the future ... A small community has a workforce of 1800 people, with 1680 employed and 120 unemployed. During the course of one year, 10% of the employed workers will lose their jobs and 60% of the unemployed will find jobs. After 1 Year
S0T = S1 After 2 years S0T2 = S2 After 5 Years S0T5 = S5
7.
After 50 years S0T50 = S50 Demonstrate stabilization ...
8.
Exercise 6 Questions 1 5
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