Thanks for the question. In this example, the probability of finding a job is taken as a given. This model is a theoretical model. It is meant to give predictions about how various changes to the economic situation or policy might affect migration rates. It would mainly predict the direction of change; whether there would be more or less migration. As presented, it is not really meant to incorporate real world statistics and to give a realistic numerical prediction. For that you would likely need a more sophisticated version of this model that was calibrated using statistics to predict migration flows for a specific country. Does that make sense?
Thank you.
How to calculate Probability to get Job, Pu.
Thanks for the question. In this example, the probability of finding a job is taken as a given. This model is a theoretical model. It is meant to give predictions about how various changes to the economic situation or policy might affect migration rates. It would mainly predict the direction of change; whether there would be more or less migration. As presented, it is not really meant to incorporate real world statistics and to give a realistic numerical prediction. For that you would likely need a more sophisticated version of this model that was calibrated using statistics to predict migration flows for a specific country. Does that make sense?
Mr. @@nickgolding926 Thank you for the answer. this version is so lite that the explaination was easy to understand.