Jonathan owns and operates 5 car window tinting shops in the Rio Grande Valley area. Each tint shops has 4 car stalls. Jonathan only operate 3 stalls at a time, leaving the other stall vacant. Based on his latest revenue reports, he is averaging 2 customers at a time receiving tint while the 3rd stall is empty. Each tint shop is open 12 hours per day. Each car or truck requires 2 hours of work A) what is Jonathan daily design capactity? B) what is Jonathan daily effective capcity? C) what is Jonathan actual out per day D) what is Jonathan utilization rate E) what is Jonathan effective utilization rat

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Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.