Markov Analysis technique of forecasting is used to determine ________.

internal supply of manpower

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external supply of manpower

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both a and b

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none of the above

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Solution

The correct option is A internal supply of manpower
Markov Analysis technique of forecasting is used to determine internal supply of manpower. It is the most important technique used to determine the human resource supply. It helps to determine random changing variables. In this analysis, it is assumed that any future event is based on the current situation.

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