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The Likelihood of Completing a VET Qualification: A Model-Based Approach. Technical Paper
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Mark, Kevin; Karmel, Tom – National Centre for Vocational Education Research (NCVER), 2010
This paper estimates vocational education and training (VET) course-completion rates, in order to fill a gap in performance measures for the VET sector. The technique the authors use is to track all VET course enrolments within a three-year window, centred on the year of interest. Then, using an absorbing Markov chain model for a VET course…
Descriptors: Markov Processes, Qualifications, Vocational Education, Models