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Unformatted text preview: Each of these 50 employees must be placed into a cell on Level 1 ` s row and these five cells must sum to 50. Some rounding might be required. (So…79% of 50 EEs is equal to 35, 10% of 50 EEs equals 5, etc.) Now we simply sum the columns from and we will have our best estimate of how many employees we will have in each of Levels 1-4 and how many will l exit z the firm by the end of the period. Note that the number of EEs in these five cells comprising a row must sum to the number present of the level in step one. That is, an EE cannot simply disappear; they must be in either Level 1-4 or have exited. So, for example, the number of employees in the Level 1 row absolutely must sum to 50....
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- Fall '10
- Equals sign, transition probabilities, initial staffing