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Student Retention Performance Using Absorbing Markov Chains
Abstract
Performance models are well established in the literature. More specifically, student performance has been of growing concern at all levels. To confront the challenges, researchers have collected data, monitored performance criterion, developed quantitative models, and analyzed patterns to formulate theories and adaptive measures. At the university level, many students' performance deficiencies are keenly noticed and actualized for a variety of reasons. Some reasons may include transition from a home-reporting educational environment to an autonomous setting; lack of a friendly support system; or a host of behavioral circumstances which exacerbate latent academic deficits. One such technique for reviewing student performance can be employed and analyzed using absorbing Markov chains. The use of Markov Chains can provide quantitative information such the characterization potential delays (latency points) within and throughout the system, prediction of probabilistic metrics which define transitions between each stage of a defined state, and adaptability options for enrollment outcomes for use by school administrators. Furthermore, Markov chains can be employed to determine the impact on system resources such as limitations in faculty schedules, classroom assignments, and technology availability. Managers, administrators and advisors may find this information useful when notified of such limitations. This paper is of value to a broad audience such as researchers, managers, and administrators since it augments standard approaches of the Markov model. The blend of stochastic mathematics, applications of stochastic methods and retention theory, as well as the inclusion of adaptive sensitivity analysis are effective performance measures. Therefore, applications in Markov chains and subsequent forecasting models are of contemporary values in educational performance. Each of these concepts and methods contribute to a broader consideration of Markov properties in a branch of mathematics known as Markov Decision Processes (MDP). These types of processes allow researchers the ability to adjust parameters based on rewards, sets of actions, and discount factors. The cases outlined in this paper may be helpful when considering reductions in recidivism rates, improving policies to diminish recidivism, and increasing enrollment options using Markov analysis.
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